Health Care REIT (HCN) : During the past 4 weeks, traders have been relatively bearish on Health Care REIT (HCN), hence the stock is down -1.28% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.33% relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.16% in the last 1 week, and is up 3.03% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 2.16% and the 50-Day Moving Average is 5.4%.
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 $76.32 and $75.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $76.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $76.50, notching a gain of 0.43% for the day. The total traded volume was 1,507,897 . The stock had closed at $76.17 on the previous day.
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 -7.67% . Institutional Investors own 89.21% of Health Care REIT shares. During last six month period, the net percent change held by insiders has seen a change of 4.64%. 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.