Welltower Inc. (HCN) Receives Average Rating of “Hold” from Analysts
Welltower Inc. (NYSE:HCN) has received a consensus rating of “Hold” from the eighteen research firms that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $73.00.
HCN has been the topic of a number of research reports. Royal Bank Of Canada reissued a “hold” rating and issued a $72.00 target price on shares of Welltower in a research note on Monday, June 5th. BidaskClub raised shares of Welltower from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Mizuho reissued a “neutral” rating on shares of Welltower in a research note on Wednesday, June 28th. BMO Capital Markets reissued a “sell” rating and issued a $68.00 target price on shares of Welltower in a research note on Friday, July 28th. Finally, Bank of America Corporation lowered shares of Welltower to a “neutral” rating and decreased their target price for the stock from $78.00 to $77.00 in a research note on Friday, September 22nd.
Institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its position in shares of Welltower by 97.6% in the second quarter. Bessemer Group Inc. now owns 1,413 shares of the real estate investment trust’s stock worth $106,000 after acquiring an additional 698 shares in the last quarter. Harbour Capital Advisors LLC increased its position in shares of Welltower by 7,385.0% in the second quarter. Harbour Capital Advisors LLC now owns 11,452 shares of the real estate investment trust’s stock worth $153,000 after acquiring an additional 11,299 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of Welltower in the first quarter worth approximately $204,000. Appleton Partners Inc. MA purchased a new position in shares of Welltower in the second quarter worth approximately $204,000. Finally, Miles Capital Inc. purchased a new position in shares of Welltower in the second quarter worth approximately $205,000. 85.90% of the stock is currently owned by institutional investors and hedge funds.
Welltower (NYSE HCN) traded down 0.43% on Friday, hitting $70.28. The stock had a trading volume of 2,062,014 shares. The stock has a market cap of $25.92 billion, a PE ratio of 21.89 and a beta of 0.24. Welltower has a 12 month low of $59.39 and a 12 month high of $78.17. The firm’s 50 day moving average price is $72.57 and its 200-day moving average price is $72.34.
Welltower (NYSE:HCN) last released its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.01. Welltower had a net margin of 28.94% and a return on equity of 8.74%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company posted $0.54 EPS. On average, analysts forecast that Welltower will post $2.30 EPS for the current year.
Welltower Company Profile
Welltower Inc invests with seniors housing operators, post-acute providers and health systems to fund real estate and infrastructure. The Company invests in seniors housing and healthcare real estate. It operates in three segments: triple-net, seniors housing operating and outpatient medical. Welltower, a real estate investment trust (REIT), owns interests in properties concentrated in markets in the United States, Canada and the United Kingdom, consisting of seniors housing and post-acute communities, and outpatient medical properties.
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