Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Welltower (HCN) Stock Price
News headlines about Welltower (NYSE:HCN) have trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Welltower earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 47.681590086453 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern’s analysis:
- Welltower Inc. (HCN) – Unusual Volume in the Investor Spotlight – Wall Street Morning (wallstreetmorning.com)
- Optimistic Trending Companies: Twenty-First Century Fox, Inc. (FOX), Welltower Inc. (HCN) – Market Movers (financialqz.com)
- Welltower Is Well Worth Buying At These Prices – Seeking Alpha (seekingalpha.com)
- FY2018 Earnings Forecast for Welltower Inc Issued By Jefferies Group (HCN) (americanbankingnews.com)
- $1.08 Billion in Sales Expected for Welltower Inc (HCN) This Quarter (americanbankingnews.com)
Shares of Welltower (NYSE:HCN) traded down $0.82 during mid-day trading on Thursday, reaching $59.29. The company had a trading volume of 3,496,432 shares, compared to its average volume of 2,582,833. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.76 and a current ratio of 1.76. The stock has a market capitalization of $21,870.00, a PE ratio of 52.01, a P/E/G ratio of 3.93 and a beta of 0.25. Welltower has a 52 week low of $58.96 and a 52 week high of $78.17.
HCN has been the subject of a number of research reports. Capital One Financial raised Welltower from an “equal weight” rating to an “overweight” rating in a report on Wednesday, November 8th. Bank of America downgraded Welltower to a “neutral” rating and decreased their target price for the stock from $78.00 to $77.00 in a report on Friday, September 22nd. Stifel Nicolaus decreased their target price on Welltower from $75.00 to $74.00 and set a “buy” rating for the company in a report on Friday, November 3rd. KeyCorp reiterated a “hold” rating on shares of Welltower in a research report on Tuesday, October 17th. Finally, Mizuho reiterated a “hold” rating and set a $67.00 price target on shares of Welltower in a research report on Monday, December 11th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $72.08.
In other Welltower news, Director Gary Whitelaw acquired 1,420 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was acquired at an average cost of $68.39 per share, for a total transaction of $97,113.80. Following the completion of the transaction, the director now directly owns 1,420 shares of the company’s stock, valued at $97,113.80. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.19% of the stock is owned by insiders.
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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