Welltower’s (HCN) “Hold” Rating Reaffirmed at Royal Bank Of Canada
Royal Bank Of Canada reissued their hold rating on shares of Welltower Inc. (NYSE:HCN) in a research report report published on Tuesday morning. The brokerage currently has a $74.00 target price on the real estate investment trust’s stock.
Other research analysts also recently issued research reports about the stock. UBS AG dropped their target price on shares of Welltower from $71.00 to $69.00 and set a neutral rating on the stock in a research report on Monday, October 2nd. BMO Capital Markets reiterated a sell rating and set a $68.00 target price on shares of Welltower in a research report on Friday, July 28th. BidaskClub downgraded shares of Welltower from a buy rating to a hold rating in a research report on Friday, June 30th. Mizuho restated a neutral rating on shares of Welltower in a research note on Wednesday, June 28th. Finally, Bank of America Corporation lowered shares of 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. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $72.43.
Shares of Welltower (NYSE HCN) opened at 68.01 on Tuesday. The firm has a 50-day moving average of $71.90 and a 200 day moving average of $72.61. The company has a market cap of $25.09 billion, a P/E ratio of 21.18 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 released its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ 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 the consensus estimate of $1.04 billion. During the same quarter in the previous year, the company earned $0.54 EPS. Equities analysts anticipate that Welltower will post $2.30 earnings per share for the current fiscal year.
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Several large investors have recently modified their holdings of HCN. Uniplan Investment Counsel Inc. boosted its holdings in shares of Welltower by 311.2% in the 2nd quarter. Uniplan Investment Counsel Inc. now owns 2,883,118 shares of the real estate investment trust’s stock worth $53,217,000 after buying an additional 2,181,913 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Welltower by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 52,225,248 shares of the real estate investment trust’s stock worth $3,698,592,000 after buying an additional 1,304,013 shares during the last quarter. Standard Life Investments LTD boosted its holdings in shares of Welltower by 84.5% in the 2nd quarter. Standard Life Investments LTD now owns 2,279,176 shares of the real estate investment trust’s stock worth $170,517,000 after buying an additional 1,043,676 shares during the last quarter. Epoch Investment Partners Inc. boosted its holdings in shares of Welltower by 15.7% in the 1st quarter. Epoch Investment Partners Inc. now owns 5,633,662 shares of the real estate investment trust’s stock worth $398,975,000 after buying an additional 766,140 shares during the last quarter. Finally, Cbre Clarion Securities LLC boosted its holdings in shares of Welltower by 8.3% in the 2nd quarter. Cbre Clarion Securities LLC now owns 6,401,420 shares of the real estate investment trust’s stock worth $479,146,000 after buying an additional 492,882 shares during the last quarter. 85.89% of the stock is currently owned by institutional investors.
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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