Shares of Welltower Inc (NYSE:HCN) ended Friday session in green amid volatile trading. The shares closed up +0.27 points or 0.35% at $76.70 with 1,676,194 shares getting traded. Post opening the session at $76.71, the shares hit an intraday low of $76.39 and an intraday high of $77.72 and the price vacillated in this range throughout the day. The company has a market cap of $27.55 billion and the numbers of outstanding shares have been calculated to be 357.92 million shares.
On August 10, 2016 Sunrise Senior Living has been named operator of Welltower’s senior living community being developed in Midtown Manhattan. The project, in collaboration with international real estate firm Hines, is planned for the northeast corner of 56th Street and Lexington Avenue. Slated for a late 2019 opening, the residential community will promote wellness for its senior residents in need of high-quality assisted living and memory care services.
“We believe Sunrise is an ideal partner for us to work with to revolutionize the concept of senior living and meet the needs of the underserved aging population on the island of Manhattan,” said Thomas DeRosa, CEO, Welltower. “Leveraging Sunrise’s world-class memory care programming and services, this new community will distinctively benefit those with Alzheimer’s and other forms of dementia, including residents in the early stages of memory loss. Further, Sunrise’s approach to care will help ensure all residents receive highly individualized service.”
Sunrise currently serves residents at approximately 30 communities throughout the New York City metro area and has 35 years of experience in the assisted living and memory care industry. Welltower’s portfolio currently includes 72 seniors housing communities in the New York tristate area including properties in New York, New Jersey and Connecticut.
“Throughout the world, Sunrise is known for its premium product, including our innovative programming and personalized approach to care. We are perfectly positioned to provide our services in a location like Midtown Manhattan, complemented by prime access to healthcare facilities, retail, restaurants and cultural institutions,” said Chris Winkle, Chief Executive Officer for Sunrise. “This purpose-built residence will be the first of its kind and will allow seniors to continue to call Manhattan home while receiving the high-quality care they need.”
Shares of Metlife Inc (NYSE:MET) ended Friday session in green amid volatile trading. The shares closed up +0.20 points or 0.46% at $43.26 with 4,711,770 shares getting traded. Post opening the session at $43.19, the shares hit an intraday low of $43.03 and an intraday high of $43.65 and the price vacillated in this range throughout the day. The company has a market cap of $47.76 billion and the numbers of outstanding shares have been calculated to be 1.10 billion shares.
Metlife Inc (MET) announced that John C. R. Hele, executive vice president and chief financial officer, will participate in a fireside chat at the Barclays Global Financial Services Conference on Monday, Sept. 12, 2016, at approximately 2 p.m. (EDT).
A live audio webcast of the presentation will be available over the Internet at https://cc.talkpoint.com/barc002/091216a_js/?entity=38_GHM4QBW.
Those who want to listen via the Internet should go to the website at least 15 minutes prior to the presentation to download and install any necessary software.
A replay of the presentation will be available until Monday, Sept. 19, 2016, at 11:59 p.m. (EDT), at the same website beginning approximately four hours after the presentation concludes.