Welltower (HCN) Earns Coverage Optimism Rating of 0.15
Media coverage about Welltower (NYSE:HCN) has been trending somewhat positive on Monday, Accern Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Welltower earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 46.4909805499561 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern’s rankings:
- Head-To-Head Comparison: Welltower (HCN) versus Its Peers (americanbankingnews.com)
- Welltower (HCN) vs. Its Competitors Financial Comparison (americanbankingnews.com)
- Welltower Inc. (HCN) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- Welltower (HCN) vs. Its Rivals Head-To-Head Analysis (americanbankingnews.com)
- Senior Living Capital Providers Ask Tough New Questions of Operators (seniorhousingnews.com)
Welltower (NYSE HCN) opened at 70.28 on Monday. Welltower has a 52 week low of $59.39 and a 52 week high of $78.17. The company’s 50 day moving average is $72.57 and its 200-day moving average is $72.34. The firm has a market cap of $25.92 billion, a P/E ratio of 21.89 and a beta of 0.24.
Welltower (NYSE:HCN) last released its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.01. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. Welltower had a net margin of 28.94% and a return on equity of 8.74%. During the same period last year, the business earned $0.54 EPS. Equities analysts expect that Welltower will post $2.30 earnings per share for the current year.
A number of brokerages have issued reports on HCN. Royal Bank Of Canada reiterated a “hold” rating and set a $72.00 price target on shares of Welltower in a research note on Monday, June 5th. BidaskClub raised shares of Welltower from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Mizuho reissued a “neutral” rating on shares of Welltower in a research note on Wednesday, June 28th. BMO Capital Markets reissued a “sell” rating and issued a $68.00 price objective on shares of Welltower in a research note on Friday, July 28th. Finally, Bank of America Corporation cut shares of Welltower to a “neutral” rating and dropped their price objective for the company from $78.00 to $77.00 in a report on Friday, September 22nd. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. Welltower presently has a consensus rating of “Hold” and a consensus price target of $72.15.
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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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