Welltower Inc. (NYSE:HCN) was upgraded by analysts at Capital One Financial Corporation from an “equal weight” rating to an “overweight” rating in a research note issued on Wednesday. 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 brokerages also recently issued reports on HCN. Stifel Nicolaus cut their price objective on Welltower from $75.00 to $74.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. KeyCorp reissued a “hold” rating on shares of Welltower in a research note on Tuesday, October 17th. Royal Bank Of Canada reissued a “hold” rating and issued a $74.00 target price on shares of Welltower in a research note on Tuesday, October 10th. UBS AG lowered their target price on Welltower from $71.00 to $69.00 and set a “neutral” rating for the company in a research note on Monday, October 2nd. Finally, BidaskClub cut Welltower from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. Welltower presently has an average rating of “Hold” and a consensus target price of $72.71.
Shares of Welltower (NYSE HCN) traded up $0.10 during midday trading on Wednesday, hitting $68.38. The stock had a trading volume of 648,700 shares, compared to its average volume of 1,760,000. The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.24 and a current ratio of 1.76. The stock has a market capitalization of $25,180.00, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 4.42 and a beta of 0.25. Welltower has a twelve month low of $59.39 and a twelve month high of $78.17.
Welltower (NYSE:HCN) last posted its earnings results on Tuesday, November 7th. The real estate investment trust reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.03. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.06 billion. Welltower had a return on equity of 7.45% and a net margin of 22.67%. Welltower’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the company earned $1.16 EPS. research analysts anticipate that Welltower will post 4.23 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Welltower by 0.6% during the second quarter. Vanguard Group Inc. now owns 52,544,776 shares of the real estate investment trust’s stock worth $3,932,976,000 after acquiring an additional 319,528 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Welltower by 11.3% in the third quarter. Bank of New York Mellon Corp now owns 7,592,729 shares of the real estate investment trust’s stock valued at $533,618,000 after buying an additional 768,861 shares during the period. Principal Financial Group Inc. raised its stake in Welltower by 1.0% in the second quarter. Principal Financial Group Inc. now owns 6,554,573 shares of the real estate investment trust’s stock valued at $490,611,000 after buying an additional 62,933 shares during the period. Cbre Clarion Securities LLC raised its stake in Welltower by 8.3% in the second quarter. Cbre Clarion Securities LLC now owns 6,401,420 shares of the real estate investment trust’s stock valued at $479,146,000 after buying an additional 492,882 shares during the period. Finally, Northern Trust Corp raised its stake in Welltower by 7.4% in the second quarter. Northern Trust Corp now owns 6,122,277 shares of the real estate investment trust’s stock valued at $458,253,000 after buying an additional 424,319 shares during the period. Institutional investors and hedge funds own 86.59% of the company’s stock.
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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