Welltower (NYSE:HCN) has been assigned a $57.00 price objective by research analysts at BMO Capital Markets in a report issued on Thursday. The brokerage presently has a “sell” rating on the real estate investment trust’s stock. BMO Capital Markets’ price target suggests a potential upside of 4.26% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the company. ValuEngine cut Welltower from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Stifel Nicolaus decreased their price target on Welltower from $75.00 to $74.00 and set a “buy” rating on the stock in a research report on Friday, November 3rd. TheStreet cut Welltower from a “b-” rating to a “c+” rating in a research report on Thursday, February 8th. Mizuho restated a “hold” rating and issued a $67.00 price objective on shares of Welltower in a research report on Monday, December 11th. Finally, Capital One Financial upgraded shares of Welltower from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, November 8th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $71.62.
Shares of Welltower (NYSE HCN) traded up $0.68 during trading on Thursday, reaching $54.67. The company had a trading volume of 844,824 shares, compared to its average volume of 2,886,647. Welltower has a fifty-two week low of $53.00 and a fifty-two week high of $78.17. The company has a market cap of $20,295.55, a PE ratio of 21.99, a P/E/G ratio of 3.84 and a beta of 0.15. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.79.
Welltower (NYSE:HCN) last announced its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported $1.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.02). Welltower had a net margin of 22.67% and a return on equity of 7.45%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the company earned $0.91 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. research analysts predict that Welltower will post 4.24 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the business. First Heartland Consultants Inc. boosted its stake in Welltower by 33.5% in the third quarter. First Heartland Consultants Inc. now owns 7,595 shares of the real estate investment trust’s stock worth $534,000 after buying an additional 1,905 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Welltower by 6.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 3,544,275 shares of the real estate investment trust’s stock worth $226,019,000 after buying an additional 214,622 shares in the last quarter. Cohen & Steers Inc. purchased a new stake in Welltower in the third quarter worth approximately $125,329,000. GSA Capital Partners LLP purchased a new stake in Welltower in the third quarter worth approximately $426,000. Finally, Cubist Systematic Strategies LLC boosted its stake in Welltower by 355.5% in the third quarter. Cubist Systematic Strategies LLC now owns 16,867 shares of the real estate investment trust’s stock worth $1,185,000 after buying an additional 13,164 shares in the last quarter. 85.94% of the stock is owned by institutional investors and hedge funds.
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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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