Welltower (HCN) – Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for Welltower (NYSE: HCN):

  • 2/8/2018 – Welltower was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 2/2/2018 – Welltower was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 1/23/2018 – Welltower was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shares of Welltower underperformed its industry in the past three months. However, the Zacks Consensus Estimate for fourth-quarter 2017 funds from operations (FFO) per share remained unchanged in a month’s time. Notably, the company is set to acquire a portfolio of four rental continuing care retirement communities (CCRCs) and convert those to a RIDEA structure. Further, it has secured a major institutional investor for the development of an assisted living and memory care community in midtown Manhattan. Moreover, Welltower’s high quality seniors housing portfolio, concentrated in major metro markets, is likely to serve as growth driver in the long run amid the rising senior citizen population that spends more on healthcare services compared to the average population. However, rate hike remains a concern because of its high exposure to long-term leased assets. Adverse effects on earnings due to increased dispositions add to its woes.”
  • 1/22/2018 – Welltower was given a new $66.00 price target on by analysts at SunTrust Banks, Inc.. They now have a “hold” rating on the stock.
  • 1/15/2018 – Welltower was given a new $57.00 price target on by analysts at BMO Capital Markets. They now have a “sell” rating on the stock.
  • 1/13/2018 – Welltower was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/12/2018 – Welltower was given a new $70.00 price target on by analysts at Stephens. They now have a “buy” rating on the stock.
  • 1/9/2018 – Welltower was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Welltower is set to acquire a portfolio of four rental continuing care retirement communities (CCRCs) and convert those to a RIDEA structure. Further, it has secured a major institutional investor for the development of an assisted living and memory care community in midtown Manhattan. Although these moves fortify its healthcare asset portfolio, increase in supply of seniors housing assets in certain markets remains a pressure point. It curbs landlords’ pricing power and also limits any robust occupancy growth. Additionally, rate hike is a concern for the company because of its high exposure to long-term leased assets. Stiff competition and adverse effects on earnings due to increased dispositions add to its woes. Also, shares of Welltower underperformed its industry, in the past year.”

Shares of Welltower Inc (NYSE:HCN) opened at $55.48 on Monday. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.79. Welltower Inc has a 1-year low of $53.66 and a 1-year high of $78.17. The stock has a market capitalization of $20,547.40, a price-to-earnings ratio of 22.37, a P/E/G ratio of 3.87 and a beta of 0.17.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 21st. Investors of record on Tuesday, February 13th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, February 12th. This represents a $3.48 annualized dividend and a dividend yield of 6.27%. Welltower’s dividend payout ratio is 140.32%.

In other Welltower news, Director Gary Whitelaw bought 1,420 shares of the stock in a transaction on Tuesday, November 21st. The shares were purchased at an average cost of $68.39 per share, with a total value of $97,113.80. Following the completion of the transaction, the director now directly owns 1,420 shares of the company’s stock, valued at approximately $97,113.80. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.19% of the stock is currently owned by company insiders.

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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