Welltower (NYSE:WELL) Director Kenneth J. Bacon Purchases 600 Shares

Welltower (NYSE:WELL) Director Kenneth J. Bacon purchased 600 shares of the stock in a transaction dated Thursday, March 15th. The shares were bought at an average price of $53.63 per share, with a total value of $32,178.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Welltower stock opened at $55.01 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.85 and a quick ratio of 1.85. Welltower has a 1-year low of $51.63 and a 1-year high of $78.17. The stock has a market cap of $20,445.51, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 2.33 and a beta of 0.20.

How to Become a New Pot Stock Millionaire

Welltower (NYSE:WELL) last issued its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported $1.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.02). Welltower had a return on equity of 4.35% and a net margin of 12.13%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the business posted $0.91 earnings per share. The business’s revenue was up 2.4% on a year-over-year basis. sell-side analysts forecast that Welltower will post 4.03 earnings per share for the current year.

A number of analysts recently weighed in on the company. Zacks Investment Research downgraded Welltower from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Stephens set a $70.00 price objective on Welltower and gave the company a “buy” rating in a report on Friday, January 12th. SunTrust Banks set a $66.00 price objective on Welltower and gave the company a “hold” rating in a report on Monday, January 22nd. BMO Capital Markets restated a “sell” rating and issued a $57.00 price objective on shares of Welltower in a report on Thursday, February 22nd. Finally, ValuEngine upgraded Welltower from a “hold” rating to a “buy” rating in a report on Wednesday, March 28th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. Welltower presently has a consensus rating of “Hold” and a consensus target price of $64.77.

COPYRIGHT VIOLATION NOTICE: “Welltower (NYSE:WELL) Director Kenneth J. Bacon Purchases 600 Shares” was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this news story on another publication, it was copied illegally and republished in violation of international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2018/04/09/welltower-inc-well-director-kenneth-j-bacon-purchases-600-shares-of-stock.html.

About Welltower

Welltower Inc (NYSE:HCN), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The company invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.

Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply