HCN has been the topic of several other reports. Jefferies Group LLC reissued a hold rating and issued a $72.00 target price on shares of Welltower in a research report on Tuesday, October 3rd. BidaskClub downgraded Welltower from a hold rating to a sell rating in a research note on Friday, July 28th. Capital One Financial Corporation began coverage on Welltower in a research note on Monday, September 25th. They issued an equal weight rating and a $74.00 price objective on the stock. Bank of America Corporation downgraded Welltower to a neutral rating and decreased their price objective for the stock from $78.00 to $77.00 in a research note on Friday, September 22nd. Finally, Royal Bank Of Canada reaffirmed a hold rating and issued a $74.00 price objective on shares of Welltower in a research note on Wednesday, September 6th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $72.43.
Shares of Welltower (HCN) traded down 0.01% during midday trading on Tuesday, reaching $68.17. The company had a trading volume of 1,529,958 shares. The company has a 50 day moving average of $71.05 and a 200 day moving average of $72.44. Welltower has a 12-month low of $59.39 and a 12-month high of $78.17. The firm has a market capitalization of $25.15 billion, a price-to-earnings ratio of 21.23 and a beta of 0.24.
Welltower (NYSE:HCN) last announced its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.01. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Welltower had a return on equity of 8.74% and a net margin of 28.94%. During the same period last year, the firm posted $0.54 earnings per share. Analysts anticipate that Welltower will post $2.31 EPS for the current year.
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A number of institutional investors and hedge funds have recently modified their holdings of HCN. Bessemer Group Inc. raised its stake in Welltower by 97.6% during the 2nd quarter. Bessemer Group Inc. now owns 1,413 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 698 shares during the period. Harbour Capital Advisors LLC raised its stake in Welltower by 7,385.0% during the 2nd quarter. Harbour Capital Advisors LLC now owns 11,452 shares of the real estate investment trust’s stock valued at $153,000 after purchasing an additional 11,299 shares during the period. Flagship Harbor Advisors LLC bought a new stake in Welltower during the 1st quarter valued at approximately $204,000. Appleton Partners Inc. MA bought a new stake in Welltower during the 2nd quarter valued at approximately $204,000. Finally, Miles Capital Inc. bought a new stake in Welltower during the 2nd quarter valued at approximately $205,000. 85.77% of the stock is currently owned by institutional investors.
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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