Somewhat Favorable News Coverage Somewhat Unlikely to Impact Welltower (HCN) Share Price
Headlines about Welltower (NYSE:HCN) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Welltower earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 46.0328217739031 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of equities research analysts recently commented on HCN shares. Royal Bank Of Canada reaffirmed a “hold” rating and set a $74.00 price objective on shares of Welltower in a research note on Tuesday. Jefferies Group LLC reaffirmed a “hold” rating and set a $72.00 price objective on shares of Welltower in a research note on Tuesday, October 3rd. UBS AG decreased their price objective on Welltower from $71.00 to $69.00 and set a “neutral” rating for the company in a research note on Monday, October 2nd. Capital One Financial Corporation started coverage on Welltower in a research note on Monday, September 25th. They set an “equal weight” rating and a $74.00 price objective for the company. Finally, BMO Capital Markets reaffirmed a “sell” rating and set a $68.00 price objective on shares of Welltower in a research note on Friday, July 28th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $72.43.
Welltower (NYSE:HCN) last issued its quarterly 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 return on equity of 8.74% and a net margin of 28.94%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the business posted $0.54 EPS.
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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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