Investors Buy Welltower Inc. (HCN) on Weakness

Investors purchased shares of Welltower Inc. (NYSE:HCN) on weakness during trading on Friday. $44.07 million flowed into the stock on the tick-up and $15.01 million flowed out of the stock on the tick-down, for a money net flow of $29.06 million into the stock. Of all stocks tracked, Welltower had the 26th highest net in-flow for the day. Welltower traded down ($0.01) for the day and closed at $68.17

Several equities research analysts have recently issued reports on the stock. KeyCorp reaffirmed a “hold” rating on shares of Welltower in a research report on Tuesday. Royal Bank Of Canada reaffirmed a “hold” rating and set a $74.00 price objective on shares of Welltower in a research report on Tuesday, October 10th. Jefferies Group LLC reaffirmed a “hold” rating and set a $72.00 price objective on shares of Welltower in a research report on Tuesday, October 3rd. UBS AG decreased their price objective on shares of Welltower from $71.00 to $69.00 and set a “neutral” rating for the company in a research report on Monday, October 2nd. Finally, Capital One Financial Corp. assumed coverage on shares of Welltower in a research report on Monday, September 25th. They set an “equal weight” rating and a $74.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. Welltower presently has an average rating of “Hold” and a consensus price target of $72.43.

The firm has a market cap of $25.15 billion, a P/E ratio of 21.23 and a beta of 0.24. The company’s 50-day moving average price is $71.05 and its 200-day moving average price is $72.44.

Welltower (NYSE:HCN) last posted its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.01. Welltower had a net margin of 28.94% and a return on equity of 8.74%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the firm posted $0.54 EPS. Equities research analysts anticipate that Welltower Inc. will post $2.31 EPS for the current year.

A number of large investors have recently modified their holdings of HCN. Mackenzie Financial Corp lifted its position in Welltower by 0.9% in the 1st quarter. Mackenzie Financial Corp now owns 4,469 shares of the real estate investment trust’s stock valued at $316,000 after purchasing an additional 38 shares during the last quarter. Global Endowment Management LP lifted its position in Welltower by 8.1% in the 1st quarter. Global Endowment Management LP now owns 39,990 shares of the real estate investment trust’s stock valued at $2,832,000 after purchasing an additional 3,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Welltower by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,915,979 shares of the real estate investment trust’s stock valued at $348,149,000 after purchasing an additional 80,273 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in Welltower by 9.2% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 54,507 shares of the real estate investment trust’s stock valued at $3,864,000 after purchasing an additional 4,600 shares during the last quarter. Finally, Regal Investment Advisors LLC lifted its position in Welltower by 7.5% in the 1st quarter. Regal Investment Advisors LLC now owns 7,309 shares of the real estate investment trust’s stock valued at $518,000 after purchasing an additional 512 shares during the last quarter. Hedge funds and other institutional investors own 85.77% of the company’s stock.

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Several equities research analysts have recently issued reports on the stock. KeyCorp reaffirmed a “hold” rating on shares of Welltower in a research report on Tuesday. Royal Bank Of Canada reaffirmed a “hold” rating and set a $74.00 price objective on shares of Welltower in a research report on Tuesday, October 10th. Jefferies Group LLC reaffirmed a “hold” rating and set a $72.00 price objective on shares of Welltower in a research report on Tuesday, October 3rd. UBS AG decreased their price objective on shares of Welltower from $71.00 to $69.00 and set a “neutral” rating for the company in a research report on Monday, October 2nd. Finally, Capital One Financial Corp. assumed coverage on shares of Welltower in a research report on Monday, September 25th. They set an “equal weight” rating and a $74.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. Welltower presently has an average rating of “Hold” and a consensus price target of $72.43.

The firm has a market cap of $25.15 billion, a P/E ratio of 21.23 and a beta of 0.24. The company’s 50-day moving average price is $71.05 and its 200-day moving average price is $72.44.

Welltower (NYSE:HCN) last posted its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.01. Welltower had a net margin of 28.94% and a return on equity of 8.74%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the firm posted $0.54 EPS. Equities research analysts anticipate that Welltower Inc. will post $2.31 EPS for the current year.

A number of large investors have recently modified their holdings of HCN. Mackenzie Financial Corp lifted its position in Welltower by 0.9% in the 1st quarter. Mackenzie Financial Corp now owns 4,469 shares of the real estate investment trust’s stock valued at $316,000 after purchasing an additional 38 shares during the last quarter. Global Endowment Management LP lifted its position in Welltower by 8.1% in the 1st quarter. Global Endowment Management LP now owns 39,990 shares of the real estate investment trust’s stock valued at $2,832,000 after purchasing an additional 3,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Welltower by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,915,979 shares of the real estate investment trust’s stock valued at $348,149,000 after purchasing an additional 80,273 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in Welltower by 9.2% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 54,507 shares of the real estate investment trust’s stock valued at $3,864,000 after purchasing an additional 4,600 shares during the last quarter. Finally, Regal Investment Advisors LLC lifted its position in Welltower by 7.5% in the 1st quarter. Regal Investment Advisors LLC now owns 7,309 shares of the real estate investment trust’s stock valued at $518,000 after purchasing an additional 512 shares during the last quarter. Hedge funds and other institutional investors own 85.77% of the company’s stock.

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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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