Health Care REIT (HCN) : Traders are bullish on Health Care REIT (HCN) as it has outperformed the S&P 500 by a wide margin of 0.55% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.71%, 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 1.21% in the last 1 week, and is up 0.42% 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 0.46% and the 50-Day Moving Average is 0.5%.The 200 Day SMA reached 12.84%. Welltower Inc. is up 11.08% in the last 3-month period. Year-to-Date the stock performance stands at 16.93%.
Health Care REIT (NYSE:HCN): After opening at $76.71, the stock dipped to an intraday low of $76.39 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $77.72 and the buying power remained strong till the end. The stock closed at $76.7 for the day, a gain of 0.35% for the day session. The total traded volume was 1,676,194. The stocks close on the previous trading day was $76.43.
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.