Shares of Welltower Inc. (NYSE:HCN) have received an average recommendation of “Hold” from the twenty brokerages that are presently covering the company. Two analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $73.85.
HCN has been the subject of several research analyst reports. RBC Capital Markets reiterated a “sector perform” rating and set a $77.00 target price (up from $72.00) on shares of Welltower in a research note on Thursday, August 4th. Wells Fargo & Co. reiterated a “buy” rating on shares of Welltower in a research note on Sunday, September 4th. Royal Bank Of Canada lifted their target price on Welltower from $72.00 to $77.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 4th. Stephens initiated coverage on Welltower in a research note on Wednesday, September 14th. They set an “overweight” rating and a $86.00 target price for the company. Finally, Canaccord Genuity lifted their target price on Welltower from $79.00 to $86.00 and gave the stock a “buy” rating in a research note on Monday, August 15th.
In other news, COO Jeffrey H. Miller sold 24,777 shares of the business’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $78.00, for a total transaction of $1,932,606.00. Following the completion of the transaction, the chief operating officer now owns 136,095 shares of the company’s stock, valued at approximately $10,615,410. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Scott A. Estes sold 3,192 shares of the business’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $76.43, for a total value of $243,964.56. Following the transaction, the chief financial officer now directly owns 133,126 shares of the company’s stock, valued at approximately $10,174,820.18. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.
Several institutional investors have recently bought and sold shares of HCN. NN Investment Partners Holdings N.V. purchased a new position in shares of Welltower during the first quarter worth about $153,095,000. Stifel Financial Corp purchased a new position in shares of Welltower during the second quarter worth about $60,731,000. Teachers Advisors Inc. boosted its position in shares of Welltower by 57.7% in the second quarter. Teachers Advisors Inc. now owns 1,920,364 shares of the real estate investment trust’s stock worth $146,274,000 after buying an additional 702,605 shares during the last quarter. Nuveen Asset Management LLC boosted its position in shares of Welltower by 21.8% in the first quarter. Nuveen Asset Management LLC now owns 2,919,960 shares of the real estate investment trust’s stock worth $202,470,000 after buying an additional 523,428 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC boosted its position in shares of Welltower by 5.7% in the second quarter. Lasalle Investment Management Securities LLC now owns 9,631,189 shares of the real estate investment trust’s stock worth $733,608,000 after buying an additional 519,997 shares during the last quarter. 87.85% of the stock is owned by institutional investors.
Welltower (NYSE:HCN) opened at 76.40 on Wednesday. The firm’s 50-day moving average price is $76.18 and its 200 day moving average price is $72.90. The firm has a market capitalization of $27.34 billion, a price-to-earnings ratio of 41.34 and a beta of 0.43. Welltower has a 1-year low of $52.80 and a 1-year high of $80.19.
Welltower (NYSE:HCN) last posted its quarterly earnings results on Tuesday, August 2nd. The real estate investment trust reported $1.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.01. The firm earned $1.08 billion during the quarter, compared to the consensus estimate of $1.04 billion. Welltower had a return on equity of 5.08% and a net margin of 17.15%. The business’s revenue was up 12.5% compared to the same quarter last year. During the same period last year, the company earned $1.09 earnings per share. On average, analysts predict that Welltower will post $4.58 EPS for the current year.
Welltower Inc, formerly Health Care REIT, Inc, is a provider of healthcare infrastructure. The Company operates through three segments: triple-net, which includes independent living facilities, independent supportive living facilities (Canada), continuing care retirement communities, assisted living facilities, care homes with and without nursing (United Kingdom), Alzheimer’s/dementia care facilities, long-term/post-acute care facilities and hospitals; seniors housing operating, which includes a range of facility types, including independent living facilities and independent supportive living facilities, assisted living facilities, care homes and Alzheimer’s/dementia care facilities, and outpatient medical, which includes outpatient medical buildings.
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