Capital One Financial Corporation Upgrades Welltower Inc. (HCN) to “Overweight”

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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.

“Capital One Financial Corporation Upgrades Welltower Inc. (HCN) to “Overweight”” was originally posted by GBand is of DT GB gearsofbiz on another site, & international 2017/11/10/capital-one-financial-corporation-upgrades-welltower-inc-hcn-to-overweight

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.

About Welltower

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.

Analyst Recommendations for Welltower (NYSE:HCN)




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