Welltower Inc. (HCN) Given Hold Rating at Jefferies Group LLC
Jefferies Group LLC reaffirmed their hold rating on shares of Welltower Inc. (NYSE:HCN) in a research report sent to investors on Tuesday morning. Jefferies Group LLC currently has a $72.00 target price on the real estate investment trust’s stock. Jefferies Group also issued estimates for Welltower’s FY2017 earnings at $4.24 EPS, FY2018 earnings at $4.37 EPS and FY2019 earnings at $4.52 EPS.
HCN has been the subject of several other reports. Royal Bank Of Canada reaffirmed a hold rating and set a $72.00 target price on shares of Welltower in a research report on Monday, June 5th. BidaskClub upgraded Welltower from a hold rating to a buy rating in a research report on Wednesday, June 21st. Mizuho reiterated a neutral rating on shares of Welltower in a research report on Wednesday, June 28th. BMO Capital Markets reissued a sell rating and issued a $68.00 price target on shares of Welltower in a research note on Friday, July 28th. Finally, Bank of America Corporation cut Welltower to a neutral rating and decreased their price target for the company from $78.00 to $77.00 in a research note on Friday, September 22nd. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $72.43.
Welltower (HCN) traded down 1.08% during trading on Tuesday, hitting $68.69. The stock had a trading volume of 1,460,942 shares. The company has a 50-day moving average of $72.33 and a 200 day moving average of $72.62. The company has a market cap of $25.34 billion, a price-to-earnings ratio of 21.39 and a beta of 0.24. Welltower has a 52 week low of $59.39 and a 52 week high of $78.17.
Welltower (NYSE:HCN) last issued its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.01. Welltower had a net margin of 28.94% and a return on equity of 8.74%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the firm posted $0.54 earnings per share. On average, equities research analysts anticipate that Welltower will post $2.30 EPS for the current year.
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Several institutional investors have recently added to or reduced their stakes in the stock. Financial Counselors Inc. grew its holdings in Welltower by 6.2% in the first quarter. Financial Counselors Inc. now owns 7,959 shares of the real estate investment trust’s stock worth $564,000 after purchasing an additional 468 shares during the period. Kelman Lazarov Inc. increased its stake in Welltower by 0.4% in the second quarter. Kelman Lazarov Inc. now owns 13,325 shares of the real estate investment trust’s stock valued at $997,000 after purchasing an additional 50 shares in the last quarter. Legal & General Group Plc increased its stake in Welltower by 6.0% in the first quarter. Legal & General Group Plc now owns 2,582,755 shares of the real estate investment trust’s stock valued at $182,908,000 after purchasing an additional 146,302 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in Welltower by 1.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 219,738 shares of the real estate investment trust’s stock valued at $16,448,000 after purchasing an additional 3,215 shares in the last quarter. Finally, Swiss National Bank increased its stake in Welltower by 2.7% in the second quarter. Swiss National Bank now owns 1,552,966 shares of the real estate investment trust’s stock valued at $116,240,000 after purchasing an additional 40,200 shares in the last quarter. Institutional investors own 85.90% of the company’s stock.
Welltower Company Profile
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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