Welltower (NYSE:HCN)‘s stock had its “sell” rating reissued by equities researchers at BMO Capital Markets in a report issued on Thursday. They presently have a $57.00 price target on the real estate investment trust’s stock. BMO Capital Markets’ price objective indicates a potential upside of 5.75% from the stock’s current price.
A number of other analysts have also commented on the stock. TheStreet lowered shares of Welltower from a “b-” rating to a “c+” rating in a research note on Thursday, February 8th. ValuEngine lowered shares of Welltower from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. SunTrust Banks set a $66.00 price target on shares of Welltower and gave the stock a “hold” rating in a research note on Monday, January 22nd. Finally, Stephens set a $70.00 price target on shares of Welltower and gave the stock a “buy” rating in a research note on Friday, January 12th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. Welltower presently has a consensus rating of “Hold” and an average target price of $69.92.
Welltower (NYSE:HCN) traded up $0.16 during trading hours on Thursday, reaching $53.90. 1,108,764 shares of the company’s stock were exchanged, compared to its average volume of 2,912,039. The company has a market cap of $19,995.56, a price-to-earnings ratio of 21.60, a P/E/G ratio of 3.80 and a beta of 0.15. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.76 and a current ratio of 1.76. Welltower has a 1-year low of $53.00 and a 1-year high of $78.17.
Welltower (NYSE:HCN) last released its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.02). Welltower had a net margin of 22.67% and a return on equity of 7.45%. The firm 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 business posted $0.91 earnings per share. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. sell-side analysts anticipate that Welltower will post 4.24 EPS for the current fiscal year.
Large investors have recently modified their holdings of the business. Spectrum Management Group Inc. purchased a new position in Welltower during the third quarter valued at approximately $100,000. Wealthcare Advisory Partners LLC purchased a new position in Welltower during the third quarter valued at approximately $101,000. San Francisco Sentry Investment Group CA lifted its holdings in Welltower by 1,048.5% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,539 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 1,405 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new position in Welltower during the fourth quarter valued at approximately $105,000. Finally, FTB Advisors Inc. lifted its holdings in Welltower by 547.2% during the fourth quarter. FTB Advisors Inc. now owns 1,825 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 1,543 shares in the last quarter. 85.94% of the stock is currently 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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