Welltower (NYSE:HCN) has been assigned a $57.00 target price by stock analysts at BMO Capital Markets in a research note issued to investors on Monday. The firm presently has a “sell” rating on the real estate investment trust’s stock. BMO Capital Markets’ target price suggests a potential downside of 3.65% from the stock’s previous close.
Other equities analysts have also issued reports about the stock. Stifel Nicolaus decreased their target price on shares of Welltower from $75.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. ValuEngine upgraded shares of Welltower from a “hold” rating to a “buy” rating in a report on Saturday. Royal Bank of Canada reiterated a “hold” rating and issued a $74.00 target price on shares of Welltower in a report on Tuesday, October 10th. Mizuho reiterated a “hold” rating and issued a $67.00 target price on shares of Welltower in a report on Monday, December 11th. Finally, Capital One Financial upgraded shares of Welltower from an “equal weight” rating to an “overweight” rating in a report on Wednesday, November 8th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $72.08.
Shares of Welltower (HCN) opened at $59.16 on Monday. 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 cap of $21,910.31, a PE ratio of 23.85, a P/E/G ratio of 3.92 and a beta of 0.25. Welltower has a one year low of $58.98 and a one year high of $78.17.
Welltower (NYSE:HCN) last posted its earnings results on Tuesday, November 7th. The real estate investment trust reported $1.08 earnings per share 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 analyst estimates of $1.06 billion. Welltower had a net margin of 22.67% and a return on equity of 7.45%. Welltower’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.16 EPS. equities analysts expect that Welltower will post 4.24 earnings per share for the current year.
In related news, Director Gary Whitelaw acquired 1,420 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were purchased at an average cost of $68.39 per share, for a total transaction of $97,113.80. Following the acquisition, the director now owns 1,420 shares in the company, valued at approximately $97,113.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.19% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Spectrum Management Group Inc. acquired a new position in shares of Welltower in the 3rd quarter worth approximately $100,000. Wealthcare Advisory Partners LLC acquired a new position in shares of Welltower in the 3rd quarter worth approximately $101,000. San Francisco Sentry Investment Group CA lifted its holdings in shares of Welltower by 1,048.5% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,539 shares of the real estate investment trust’s stock worth $108,000 after acquiring an additional 1,405 shares during the last quarter. Hudock Capital Group LLC lifted its holdings in shares of Welltower by 543.7% in the 3rd quarter. Hudock Capital Group LLC now owns 2,002 shares of the real estate investment trust’s stock worth $140,000 after acquiring an additional 1,691 shares during the last quarter. Finally, Miles Capital Inc. acquired a new stake in Welltower during the 2nd quarter worth approximately $205,000. Hedge funds and other institutional investors own 86.46% of the company’s stock.
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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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