Welltower Inc. (NYSE:HCN)‘s stock had its “hold” rating reaffirmed by KeyCorp in a research report issued to clients and investors on Tuesday, October 17th.
Several other equities analysts have also recently weighed in on HCN. BMO Capital Markets reissued a “sell” rating and set a $68.00 price target on shares of Welltower in a report on Friday, July 28th. BidaskClub cut Welltower from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Mizuho reaffirmed a “neutral” rating on shares of Welltower in a report on Wednesday, June 28th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $74.00 target price on shares of Welltower in a report on Tuesday, October 10th. Finally, Bank of America Corporation cut 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. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. Welltower presently has an average rating of “Hold” and an average price target of $72.79.
Welltower (HCN) traded down $0.15 during mid-day trading on Tuesday, reaching $68.00. The company had a trading volume of 1,687,378 shares, compared to its average volume of 1,528,679. The company has a market cap of $25,139.08, a PE ratio of 15.60, a PEG ratio of 4.38 and a beta of 0.24. Welltower has a fifty-two week low of $59.39 and a fifty-two week high of $78.17. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.24 and a quick ratio of 2.24.
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Hedge funds have recently modified their holdings of the stock. Bessemer Group Inc. grew its holdings in 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 purchasing an additional 698 shares during the last quarter. Hudock Capital Group LLC grew its holdings in shares of Welltower by 543.7% during the third quarter. Hudock Capital Group LLC now owns 2,002 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 1,691 shares during the last quarter. Harbour Capital Advisors LLC grew its holdings in shares of Welltower by 7,385.0% during the second quarter. Harbour Capital Advisors LLC now owns 11,452 shares of the real estate investment trust’s stock valued at $153,000 after buying an additional 11,299 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of Welltower during the first quarter valued at $204,000. Finally, Appleton Partners Inc. MA purchased a new stake in shares of Welltower during the second quarter valued at $204,000. 86.59% 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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