Large Inflow of Money Detected in Health Care REIT

Health Care REIT (HCN) : Health Care REIT (HCN) had a healthy money flow of $2.7 million into the stock during the Tuesdays trading session. The value of bullish trades on upticks was $11.08 million, whereas, investors only sold shares worth $8.38 million on downticks. The stock closed the day with an up-down ratio of 1.32.The money flow in the block trades to the tune of $1.91 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $1.91 million worth of transactions were on upticks. Health Care REIT (HCN) stock slid $0.24 intraday and traded at 76.73, a change of -0.31% over previous days close. However, for the week, the company shares are 1.25% compared to previous weeks close.


Also, BTIG Research initiates coverage on Health Care REIT (NYSE:HCN) The shares have been rated Neutral. The rating by the firm was issued on August 25, 2016.

Shares of Welltower Inc. appreciated by 0.12% during the last five trading days but lost 2.2% on a 4-week basis. Welltower Inc. is up 12.86% in the last 3-month period. Year-to-Date the stock performance stands at 17.39%.

Health Care REIT (NYSE:HCN): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $77.11 and $76.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $77.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $77.00, notching a gain of 0.05% for the day. The total traded volume was 1,130,021 . The stock had closed at $76.96 on the previous day.

In a related news, Brinker Scott M, officer (EVP – Chief Investment Officer) of Welltower Inc., unloaded 18,424 shares at an average price of $76.83 on August 4, 2016. The total amount of the transaction was worth $1,415,516, 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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