Health Care REIT (HCN) has risen sharply, recording gains of 1.01% in the past 4 weeks. However, the stock has corrected -3.72% in the past 1 week, providing a good buying opportunity on dips. Health Care REIT (HCN) : During the past 4 weeks, traders have been relatively bearish on Health Care REIT (HCN), hence the stock is down -1.45% 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 -4.13% relative to the S&P 500.
Health Care REIT (NYSE:HCN): The stock opened at $76.95 on Friday but the bulls could not build on the opening and the stock topped out at $77.37 for the day. The stock traded down to $76.16 during the day, due to lack of any buying support eventually closed down at $76.38 with a loss of -0.61% for the day. The stock had closed at $76.85 on the previous day. The total traded volume was 1,508,482 shares.
The stock has recorded a 20-day Moving Average of 1.5% and the 50-Day Moving Average is 2.42%. Welltower Inc. is up 3.82% in the last 3-month period. Year-to-Date the stock performance stands at 15.15%.
Health Care REIT (HCN) : The highest level Health Care REIT (HCN) is projected to reach is $90 for the short term and the lowest estimate is at $60. The consolidated price target from 11 rating analysts who initiate coverage on the stock is $73 and the possibility the share price can swing is $9.08.
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.