Shares of Welltower Inc (NYSE:HCN) have earned an average rating of “Hold” from the nineteen analysts that are presently covering the company. Three research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $72.93.
A number of research firms recently weighed in on HCN. Jefferies Group LLC reissued a “hold” rating and set a $63.00 target price on shares of Welltower in a report on Tuesday, January 31st. Barclays PLC reaffirmed a “buy” rating and issued a $73.00 price objective on shares of Welltower in a report on Monday, January 9th. Zacks Investment Research raised Welltower from a “sell” rating to a “hold” rating in a report on Friday, January 6th. Stifel Nicolaus upped their target price on Welltower from $69.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, February 23rd. Finally, Mizuho upped their price objective on Welltower from $59.00 to $62.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 11th.
Welltower (NYSE:HCN) traded down 0.46% during midday trading on Tuesday, reaching $73.73. 766,123 shares of the company were exchanged. The firm’s 50-day moving average price is $70.00 and its 200 day moving average price is $67.39. The stock has a market capitalization of $26.73 billion, a price-to-earnings ratio of 26.24 and a beta of 0.19. Welltower has a 52-week low of $59.39 and a 52-week high of $80.19.
Welltower (NYSE:HCN) last posted its earnings results on Wednesday, February 22nd. The real estate investment trust reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.02. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.05 billion. Welltower had a return on equity of 6.37% and a net margin of 20.74%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.13 EPS. Equities analysts predict that Welltower will post $1.78 earnings per share for the current year.
In related news, insider Paul D. Nungester, Jr. sold 6,452 shares of Welltower stock in a transaction on Tuesday, March 28th. The stock was sold at an average price of $70.26, for a total transaction of $453,317.52. Following the sale, the insider now directly owns 33,795 shares in the company, valued at $2,374,436.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Fred S. Klipsch sold 2,606 shares of Welltower stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $67.14, for a total value of $174,966.84. The disclosure for this sale can be found here. 0.29% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in HCN. Wendell David Associates Inc. bought a new position in shares of Welltower during the third quarter valued at $1,510,000. Trust Co boosted its position in shares of Welltower by 2.7% in the second quarter. Trust Co now owns 3,540 shares of the real estate investment trust’s stock valued at $270,000 after buying an additional 92 shares during the period. Farmers & Merchants Investments Inc. bought a new position in shares of Welltower during the third quarter valued at $374,000. Quotient Investors LLC boosted its position in shares of Welltower by 20.5% in the third quarter. Quotient Investors LLC now owns 4,700 shares of the real estate investment trust’s stock valued at $351,000 after buying an additional 800 shares during the period. Finally, Nationwide Fund Advisors boosted its position in Welltower by 0.5% in the third quarter. Nationwide Fund Advisors now owns 359,673 shares of the real estate investment trust’s stock valued at $26,893,000 after buying an additional 1,837 shares during the last quarter. Institutional investors own 84.96% of the company’s stock.
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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