Health Care REIT (HCN) has been under a strong bear grip, hence the stock is down -4.27% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.03% in the past 1 week. The 4-week change in the price of the stock is -4.48% and the stock has fallen -0.63% in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 1.95% and the fifty day Moving Average is 0.18%. Welltower Inc. is up 10.62% in the last three month period. Year-to-Date the stock performance stands at 15.53%.
Health Care REIT (HCN) : The consensus price target for Health Care REIT (HCN) is $75.85 for the short term with a standard deviation of $8.25. The most optimist securities analyst among the 13 who monitor the stock believes that the stock can reach $90, however, the pessimist price target for the company is $63.
Health Care REIT (NYSE:HCN): On Fridays trading session , Opening price of the stock was $77.14 with an intraday high of $77.58. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $75.14. However, the stock managed to close at $75.78, a loss of 1.58% for the day. On the previous day, the stock had closed at $77. The total traded volume of the day was 1,916,136 shares.
Welltower Inc., formerly Health Care REIT, Inc., is a real estate investment trust (REIT). The Companys portfolio has range of seniors housing and healthcare real estate, including seniors housing communities, nursing/post-acute facilities, medical office buildings, inpatient and outpatient medical centers and life science facilities. The Company operates in three segments: seniors housing triple-net, seniors housing operating and medical facilities. Its properties consist of land, building, improvements and related rights. The Companys hospitals and seniors housing triple-net properties are leased to operators under long-term operating leases. Its medical office building portfolio is primarily self-managed and consists principally of multi-tenant properties leased to health care providers.