Welltower Inc. (NYSE:HCN)‘s stock had its “hold” rating reiterated by stock analysts at KeyCorp in a report released on Tuesday, October 17th.
A number of other research analysts also recently weighed in on the stock. Royal Bank Of Canada restated 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 reiterated a “hold” rating and issued a $72.00 price target on shares of Welltower in a research report on Tuesday, October 3rd. UBS AG decreased their price target on shares of Welltower from $71.00 to $69.00 and set a “neutral” rating on the stock in a research report on Monday, October 2nd. Capital One Financial Corporation initiated coverage on shares of Welltower in a research report on Monday, September 25th. They issued an “equal weight” rating and a $74.00 price target on the stock. Finally, Bank of America Corporation downgraded shares of Welltower to a “neutral” rating and decreased their price target for the stock from $78.00 to $77.00 in a research report on Friday, September 22nd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $72.43.
Shares of Welltower (NYSE HCN) traded up 2.13% during trading on Tuesday, reaching $67.16. The company’s stock had a trading volume of 1,930,263 shares. Welltower has a 52-week low of $59.39 and a 52-week high of $78.17. The company has a market cap of $24.77 billion, a PE ratio of 20.92 and a beta of 0.24. The firm’s 50-day moving average is $70.54 and its 200 day moving average is $72.34.
Welltower (NYSE:HCN) last issued its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.01. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. Welltower had a net margin of 28.94% and a return on equity of 8.74%. During the same quarter in the prior year, the firm earned $0.54 earnings per share. On average, equities research analysts predict that Welltower will post $2.31 EPS for the current fiscal year.
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Several hedge funds have recently added to or reduced their stakes in HCN. Cleararc Capital Inc. boosted its stake in shares of Welltower by 0.5% during the 1st quarter. Cleararc Capital Inc. now owns 8,844 shares of the real estate investment trust’s stock worth $626,000 after purchasing an additional 45 shares during the period. Global X Management Co. LLC boosted its stake in shares of Welltower by 20.5% during the 1st quarter. Global X Management Co. LLC now owns 8,367 shares of the real estate investment trust’s stock worth $593,000 after purchasing an additional 1,425 shares during the period. Mackenzie Financial Corp lifted its holdings in Welltower by 0.9% during the 1st quarter. Mackenzie Financial Corp now owns 4,469 shares of the real estate investment trust’s stock valued at $316,000 after buying an additional 38 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Welltower by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 52,225,248 shares of the real estate investment trust’s stock valued at $3,698,592,000 after buying an additional 1,304,013 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in Welltower by 7.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 96,025 shares of the real estate investment trust’s stock valued at $6,801,000 after buying an additional 6,856 shares in the last quarter. 85.79% of the stock is owned by hedge funds and other institutional investors.
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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