Health Care REIT Inc. (HCN): Today's Featured Real Estate Laggard
(
) pushed the Real Estate industry lower today making it today's featured Real Estate laggard. The industry as a whole closed the day down 0.2%. By the end of trading, Health Care REIT fell $1.49 (-2.2%) to $67.11 on average volume. Throughout the day, 2,300,876 shares of Health Care REIT exchanged hands as compared to its average daily volume of 2,476,100 shares. The stock ranged in price between $66.71-$68.80 after having opened the day at $68.60 as compared to the previous trading day's close of $68.60. Other companies within the Real Estate industry that declined today were:
(
), down 10.4%,
(
), down 4.9%,
(
), down 4.3% and
(
), down 4.2%.
Health Care REIT, Inc. is an independent equity real estate investment trust. The firm engages in acquiring, planning, developing, managing, repositioning and monetizing of real estate assets. It primarily invests in the real estate markets of the United States. Health Care REIT has a market cap of $18.7 billion and is part of the financial sector. Shares are up 7.2% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate Health Care REIT a buy, 2 analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Health Care REIT
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins.
- You can view the full Health Care REIT Ratings Report.
On the positive front,
(
), up 16.4%,
(
), up 7.4%,
(
), up 3.9% and
(
), up 3.8% , were all gainers within the real estate industry with
(
) being today's featured real estate industry leader.
- Use our real estate section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the real estate industry could consider
iShares Dow Jones US Real Estate
(
) while those bearish on the real estate industry could consider
ProShares Short Real Estate Fund
(
).
- Find other investment ideas from our top rated ETFs lists.
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