Large Outflow of Money Witnessed in Health Care REIT

Health Care REIT (NYSE:HCN) managed to stay afloat and traded higher with an addition of 0.57 point or 0.79% at $72.71. The money flow data is a negative $(-5.76) million with $25.29 million in upticks and $31.05 million in downticks. The intraday up/down ratio came in at 0.81. The shares have seen 1.95% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $1.67 million and the combined worth of the downticks was $7.23, Million, leading to the up/down ratio of 0.23. The block trade saw a net money flow of $(-5.56) million.


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%. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Ibele Erin C, officer (EVP-Head Human Cap.&Corp.Secy.) of Welltower Inc., had unloaded 2,500 shares at an average price of $72.1 in a transaction dated on May 17, 2016. The total value of the transaction was worth $180,250.

Health Care REIT (NYSE:HCN) : On Monday heightened volatility was witnessed in Health Care REIT (NYSE:HCN) which led to swings in the share price. The stock opened for trading at $72.24 and hit $73.275 on the upside , eventually ending the session at $72.71, with a gain of 0.79% or 0.57 points. The heightened volatility saw the trading volume jump to 2,256,500 shares. The 52-week high of the share price is $74.96 and the company has a market cap of $25,957 million. The 52-week low of the share price is at $52.8 .

Many analysts have stated their opinion on the company shares. Major Brokerage house, Citigroup maintains its ratings on Health Care REIT (NYSE:HCN). In the latest research report, Citigroup raises the target price from $67 per share to $70 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on May 13, 2016.

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.

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