Welltower Inc. (NYSE:HCN) was upgraded by stock analysts at Capital One Financial Corporation from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Wednesday, November 8th. Capital One Financial Corporation also issued estimates for Welltower’s Q4 2017 earnings at $1.10 EPS, FY2017 earnings at $4.29 EPS, Q1 2018 earnings at $1.09 EPS, Q2 2018 earnings at $1.11 EPS, Q3 2018 earnings at $1.10 EPS, Q4 2018 earnings at $1.12 EPS, FY2018 earnings at $4.42 EPS, Q1 2019 earnings at $1.14 EPS, Q2 2019 earnings at $1.17 EPS and FY2019 earnings at $4.62 EPS.
Several other research firms have also recently issued reports on HCN. BMO Capital Markets reissued a “sell” rating and issued a $68.00 price objective on shares of Welltower in a research report on Friday, July 28th. Bank of America Corporation cut shares of Welltower to a “neutral” rating and lowered their price target for the stock from $78.00 to $77.00 in a research report on Friday, September 22nd. Jefferies Group LLC reissued a “hold” rating and set a $72.00 target price on shares of Welltower in a research report on Tuesday, October 3rd. BidaskClub cut shares of Welltower from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $74.00 target price on shares of Welltower in a research report on Wednesday, September 6th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $72.71.
Welltower (HCN) traded down $0.03 during trading on Wednesday, hitting $67.93. 1,297,900 shares of the stock were exchanged, compared to its average volume of 1,764,164. Welltower has a 12-month low of $61.08 and a 12-month high of $78.17. 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 company has a market cap of $25,070.00, a P/E ratio of 15.84, a PEG ratio of 4.58 and a beta of 0.25.
Welltower (NYSE:HCN) last issued its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $1.08 EPS for the quarter, beating the consensus estimate of $1.05 by $0.03. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.06 billion. Welltower had a net margin of 22.67% and a return on equity of 7.45%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.16 EPS. sell-side analysts forecast that Welltower will post 4.23 earnings per share for the current year.
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A number of institutional investors have recently added to or reduced their stakes in HCN. KCG Holdings Inc. acquired a new stake in shares of Welltower during the first quarter valued at about $216,000. Atria Investments LLC grew its holdings in shares of Welltower by 10.2% in the second quarter. Atria Investments LLC now owns 13,214 shares of the real estate investment trust’s stock valued at $989,000 after purchasing an additional 1,218 shares in the last quarter. Appleton Partners Inc. MA acquired a new position in shares of Welltower in the second quarter valued at approximately $204,000. NN Investment Partners Holdings N.V. grew its holdings in shares of Welltower by 76.1% in the second quarter. NN Investment Partners Holdings N.V. now owns 352,605 shares of the real estate investment trust’s stock valued at $26,392,000 after purchasing an additional 152,393 shares in the last quarter. Finally, NEXT Financial Group Inc grew its holdings in shares of Welltower by 1.5% in the second quarter. NEXT Financial Group Inc now owns 3,605 shares of the real estate investment trust’s stock valued at $270,000 after purchasing an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 86.34% of the company’s stock.
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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