Health Care REIT (NYSE:HCN) has climbed 2.92% in the past week and advanced 8.32% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 4.16% and the outperformance has advanced to 7.33% for the last 4 weeks period.
Health Care REIT (NYSE:HCN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $73.74 and $73.20 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $74.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $74.25, notching a gain of 0.51% for the day. The total traded volume was 7,802,401 . The stock had closed at $73.87 on the previous day.
The company shares have rallied 8.02% from its 1 Year high price. On May 9, 2016, the shares registered one year high at $74.96 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $71.18 and the 200 Day Moving Average price is recorded at $67.01.
On the companys insider trading activities,The officer (EVP-Head Human Cap.&Corp.Secy.) of Welltower Inc., Ibele Erin C sold 2,500 shares at $72.1 on May 17, 2016. The Insider selling transaction had a total value worth of $180,250. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Citigroup maintains their rating on the shares of Health Care REIT (NYSE:HCN). The current rating of the shares is Neutral. Equity Analysts at the Firm raises the price target to $70 per share from $67 per share. The rating by the firm was issued on May 13, 2016. Currently the company Insiders own 0.29% of Health Care REIT shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.74% . Institutional Investors own 89.64% of Health Care REIT shares. During last six month period, the net percent change held by insiders has seen a change of 5.18%.
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.