Welltower (HCN) Rating Lowered to C+ at TheStreet

Welltower (NYSE:HCN) was downgraded by TheStreet from a “b-” rating to a “c+” rating in a report released on Thursday.

HCN has been the topic of several other research reports. Zacks Investment Research upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. BMO Capital Markets set a $57.00 price target on shares of Welltower and gave the stock a “sell” rating in a research note on Monday, January 15th. Mizuho reiterated a “hold” rating and issued a $67.00 price target on shares of Welltower in a research note on Monday, December 11th. ValuEngine upgraded shares of Welltower from a “hold” rating to a “buy” rating in a research note on Saturday, January 13th. Finally, Stephens set a $70.00 price target on shares of Welltower and gave the stock a “buy” rating in a research note on Friday, January 12th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $71.62.

Welltower (NYSE HCN) opened at $55.48 on Thursday. The firm has a market cap of $20,247.41, a price-to-earnings ratio of 22.37, a P/E/G ratio of 3.79 and a beta of 0.17. Welltower has a one year low of $53.66 and a one year high of $78.17. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.76 and a current ratio of 1.76.

In other Welltower news, Director Gary Whitelaw bought 1,420 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.19% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in HCN. PGGM Investments raised its position in shares of Welltower by 112.9% during the 3rd quarter. PGGM Investments now owns 4,768,912 shares of the real estate investment trust’s stock valued at $335,159,000 after buying an additional 2,529,412 shares in the last quarter. Cohen & Steers Inc. bought a new position in Welltower during the 3rd quarter valued at about $125,329,000. Bank of New York Mellon Corp grew its holdings in Welltower by 14.9% during the 4th quarter. Bank of New York Mellon Corp now owns 8,724,771 shares of the real estate investment trust’s stock valued at $556,378,000 after purchasing an additional 1,132,042 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Welltower by 3,640.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 935,200 shares of the real estate investment trust’s stock valued at $59,638,000 after purchasing an additional 910,200 shares during the last quarter. Finally, Prudential Financial Inc. grew its holdings in Welltower by 42.7% during the 3rd quarter. Prudential Financial Inc. now owns 1,534,876 shares of the real estate investment trust’s stock valued at $107,871,000 after purchasing an additional 459,593 shares during the last quarter. Hedge funds and other institutional investors own 86.55% of the company’s stock.

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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.

Analyst Recommendations for Welltower (NYSE:HCN)

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