Welltower Stock Slides Nearly 5% as Fed Hike Fears Test Senior Housing Rally
Welltower shares dropped 5% to $195.94 on March 20, underperforming healthcare REIT peers as Treasury yields rose and traders raised odds of a Fed rate hike. The stock closed nearly 9.5% below its February peak after nearing a 52-week high earlier in the week. The S&P 500 fell 1.51% and the 10-year Treasury yield hit 4.384%.