Large Inflow of Money Detected in Health Care REIT

Health Care REIT (HCN) : Health Care REIT (HCN) had a healthy money flow of $1.51 million into the stock during the Wednesdays trading session. The value of bullish trades on upticks was $13.77 million, whereas, investors only sold shares worth $12.26 million on downticks. The stock closed the day with an up-down ratio of 1.12.The money flow in the block trades to the tune of $-0.64 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $0.98 million worth of transactions were on upticks. A paltry $1.62 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 0.61. Health Care REIT (HCN) stock slid $0.02 intraday and traded at 77.54, a change of -0.03% over previous days close. However, for the week, the company shares are 1.36% compared to previous weeks close.


Also, In a research note released to the investors, Citigroup maintains its rating on Health Care REIT (NYSE:HCN).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Citigroup raises the new price target from $70 per share to $73 per share. The rating by the firm was issued on July 7, 2016.

Health Care REIT (NYSE:HCN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $77.48 and $77.15 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $77.63. The buying momentum continued till the end and the stock did not give up its gains. It closed at $77.61, notching a gain of 0.06% for the day. The total traded volume was 1,059,954 . The stock had closed at $77.56 on the previous day.

The stock has recorded a 20-day Moving Average of 2.97% and the 50-Day Moving Average is 6.6%. In a related news, Estes Scott A, officer (EVP and CFO) of Welltower Inc., unloaded 3,193 shares at an average price of $76.39 on July 1, 2016. The total amount of the transaction was worth $243,913, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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