ValuEngine upgraded shares of Welltower (NYSE:HCN) from a hold rating to a buy rating in a research note issued to investors on Saturday.
Several other analysts have also recently issued reports on HCN. Bank of America cut Welltower to a neutral rating and cut their target price for the stock from $78.00 to $77.00 in a research report on Friday, September 22nd. Capital One Financial initiated coverage on Welltower in a research report on Monday, September 25th. They set an equal weight rating and a $74.00 target price for the company. UBS Group cut their target price on Welltower from $71.00 to $69.00 and set a neutral rating for the company in a research report on Monday, October 2nd. Jefferies Group restated a hold rating and set a $72.00 price target on shares of Welltower in a report on Tuesday, October 3rd. Finally, Royal Bank of Canada restated a hold rating and set a $74.00 price target on shares of Welltower in a report on Tuesday, October 10th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $72.08.
Shares of Welltower (NYSE HCN) opened at $59.26 on Friday. 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 $58.98 and a 1 year high of $78.17. The stock has a market capitalization of $21,860.00, a PE ratio of 51.98, a P/E/G ratio of 3.92 and a beta of 0.25.
In other news, Director Gary Whitelaw purchased 1,420 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was acquired at an average price of $68.39 per share, for a total transaction of $97,113.80. Following the acquisition, the director now directly owns 1,420 shares of the company’s stock, valued at approximately $97,113.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.19% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. First Heartland Consultants Inc. boosted its holdings in shares of Welltower by 33.5% in the 3rd quarter. First Heartland Consultants Inc. now owns 7,595 shares of the real estate investment trust’s stock worth $534,000 after purchasing an additional 1,905 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of Welltower in the 2nd quarter worth approximately $1,332,000. Cohen & Steers Inc. purchased a new position in shares of Welltower in the 3rd quarter worth approximately $125,329,000. Cubist Systematic Strategies LLC boosted its holdings in shares of Welltower by 355.5% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 16,867 shares of the real estate investment trust’s stock worth $1,185,000 after purchasing an additional 13,164 shares during the period. Finally, State of Tennessee Treasury Department boosted its holdings in shares of Welltower by 18.4% in the 3rd quarter. State of Tennessee Treasury Department now owns 118,597 shares of the real estate investment trust’s stock worth $8,335,000 after purchasing an additional 18,447 shares during the period. Hedge funds and other institutional investors own 86.46% of the company’s stock.
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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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