Welltower (NYSE:HCN) has been assigned a $70.00 price target by equities researchers at Stephens in a research report issued to clients and investors on Friday. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Stephens’ price objective points to a potential upside of 18.32% from the company’s previous close.
A number of other equities research analysts have also issued reports on HCN. Stifel Nicolaus cut their price objective on shares of Welltower from $75.00 to $74.00 and set a “buy” rating for the company in a report on Friday, November 3rd. Capital One Financial assumed coverage on shares of Welltower in a report on Monday, September 25th. They set an “equal weight” rating and a $74.00 price objective for the company. Mizuho reaffirmed a “hold” rating and set a $67.00 price objective on shares of Welltower in a report on Monday, December 11th. KeyCorp reaffirmed a “hold” rating on shares of Welltower in a report on Tuesday, October 17th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $74.00 price objective on shares of Welltower in a report on Tuesday, October 10th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. Welltower currently has a consensus rating of “Hold” and an average target price of $72.92.
Welltower (HCN) traded down $1.01 during trading on Friday, reaching $59.16. 2,690,000 shares of the company traded hands, compared to its average volume of 2,200,000. The stock has a market cap of $21,820.00, a price-to-earnings ratio of 51.89, a price-to-earnings-growth ratio of 3.99 and a beta of 0.25. Welltower has a one year low of $58.98 and a one year high of $78.17. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.79.
In other news, Director Gary Whitelaw bought 1,420 shares of the stock in a transaction dated Tuesday, November 21st. The stock was purchased at an average cost of $68.39 per share, for a total transaction of $97,113.80. Following the transaction, the director now owns 1,420 shares of the company’s stock, valued at $97,113.80. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.19% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Spectrum Management Group Inc. bought a new position in shares of Welltower during the 3rd quarter valued at approximately $100,000. Wealthcare Advisory Partners LLC bought a new position in shares of Welltower during the 3rd quarter valued at approximately $101,000. San Francisco Sentry Investment Group CA boosted its position in shares of Welltower by 1,048.5% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,539 shares of the real estate investment trust’s stock valued at $108,000 after acquiring an additional 1,405 shares during the last quarter. Hudock Capital Group LLC boosted its position in shares of Welltower by 543.7% during the 3rd quarter. Hudock Capital Group LLC now owns 2,002 shares of the real estate investment trust’s stock valued at $140,000 after acquiring an additional 1,691 shares during the last quarter. Finally, Miles Capital Inc. bought a new position in shares of Welltower during the 2nd quarter valued at approximately $205,000. Hedge funds and other institutional investors own 86.35% 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.
