Large Outflow of Money Witnessed in Health Care REIT

Health Care REIT (HCN) : The total money flow in Health Care REIT (HCN) was negative ($1.62 million), showing the domination of sellers in the Friday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $5.15 million. Transactions on upticks were comparatively lower at $3.53 million. The uptick to downtick ratio was 0.69. The total block trades on downticks were valued at $1.45 million. The money flow during block trades was negative ($1.45 million) when the stock traded with a gain of $32 cent. Health Care REIT (HCN) was $78.38, an increase of 0.41% over the previous days close.


Health Care REIT (HCN) : The most positive equity analysts on Health Care REIT (HCN) expects the shares to touch $83, whereas, the least positive believes that the stock will trade at $60 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $71.09 with an expected fluctuation of $7.33 from the mean.

Health Care REIT (NYSE:HCN): stock turned positive on Friday. Though the stock opened at $78, the bulls momentum made the stock top out at $79.14 level for the day. The stock recorded a low of $77.912 and closed the trading day at $78.75, in the green by 0.88%. The total traded volume for the day was 1,251,711. The stock had closed at $78.06 in the previous days trading.

In a related news, The Securities and Exchange Commission has divulged that Estes Scott A, officer (EVP and CFO) of Welltower Inc., had unloaded 3,193 shares at an average price of $76.39 in a transaction dated on July 1, 2016. The total value of the transaction was worth $243,913.

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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