Welltower (HCN) Lifted to Buy at ValuEngine

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.

Welltower (NYSE:HCN) last released its earnings results on Tuesday, November 7th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.03. Welltower had a return on equity of 7.45% and a net margin of 22.67%. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the business posted $1.16 earnings per share. The firm’s revenue was up 1.1% on a year-over-year basis. analysts forecast that Welltower will post 4.24 EPS for the current fiscal year.

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.

COPYRIGHT VIOLATION WARNING: “Welltower (HCN) Lifted to Buy at ValuEngine” was originally published by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://stocknewstimes.com/2018/01/17/welltower-hcn-lifted-to-buy-at-valuengine.html.

About Welltower

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Welltower (NYSE:HCN)

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.

Latest News

Leave a Reply