Welltower (HCN) PT Set at $70.00 by Stephens

Stephens set a $70.00 target price on Welltower (NYSE:HCN) in a research report released on Friday morning. The firm currently has a buy rating on the real estate investment trust’s stock.

HCN has been the subject of several other research reports. Jefferies Group restated a hold rating and issued a $72.00 price objective on shares of Welltower in a research report on Tuesday, October 3rd. KeyCorp restated a hold rating on shares of Welltower in a research report on Tuesday, October 17th. Zacks Investment Research cut shares of Welltower from a hold rating to a sell rating in a research report on Tuesday, January 9th. Capital One Financial initiated coverage on shares of Welltower in a research report on Monday, September 25th. They issued an equal weight rating and a $74.00 price objective for the company. Finally, UBS Group lowered their price objective on shares of Welltower from $71.00 to $69.00 and set a neutral rating for the company in a research report on Monday, October 2nd. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $72.08.

Welltower (NYSE:HCN) traded down $1.01 on Friday, reaching $59.16. 2,686,500 shares of the company’s stock traded hands, compared to its average volume of 2,184,033. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.79. The firm has a market cap of $21,910.31, a PE ratio of 23.85, a PEG ratio of 3.92 and a beta of 0.25. Welltower has a 52-week low of $58.98 and a 52-week high of $78.17.

Welltower (NYSE:HCN) last posted its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.03. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Welltower had a net margin of 22.67% and a return on equity of 7.45%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.16 EPS. sell-side analysts expect that Welltower will post 4.24 EPS for the current fiscal year.

In other Welltower news, Director Gary Whitelaw purchased 1,420 shares of the stock in a transaction dated Tuesday, November 21st. The stock was bought at an average price of $68.39 per share, for a total transaction of $97,113.80. Following the transaction, the director now directly owns 1,420 shares in the company, valued at $97,113.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.19% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. PGGM Investments boosted its stake in Welltower by 112.9% during the 3rd quarter. PGGM Investments now owns 4,768,912 shares of the real estate investment trust’s stock worth $335,159,000 after acquiring an additional 2,529,412 shares during the last quarter. Cohen & Steers Inc. bought a new position in Welltower during the 3rd quarter worth approximately $125,329,000. Bank of New York Mellon Corp boosted its stake in Welltower by 11.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,592,729 shares of the real estate investment trust’s stock worth $533,618,000 after acquiring an additional 768,861 shares during the last quarter. Cbre Clarion Securities LLC boosted its stake in Welltower by 8.3% during 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 acquiring an additional 492,882 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake 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 worth $107,871,000 after acquiring an additional 459,593 shares during the last quarter. Institutional investors own 86.46% of the company’s stock.

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About Welltower

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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