BMO Capital Markets set a $57.00 target price on Welltower (NYSE:HCN) in a research note issued to investors on Monday. The firm currently has a sell rating on the real estate investment trust’s stock.
Other equities analysts have also recently issued reports about the company. Stifel Nicolaus lowered their price target on Welltower from $75.00 to $74.00 and set a buy rating on the stock in a research report on Friday, November 3rd. Royal Bank of Canada reiterated a hold rating and set a $74.00 price target on shares of Welltower in a research report on Tuesday, October 10th. ValuEngine upgraded Welltower from a hold rating to a buy rating in a research report on Saturday, January 13th. Bank of America cut Welltower to a neutral rating and lowered their price target for the company from $78.00 to $77.00 in a research report on Friday, September 22nd. Finally, Mizuho reiterated a hold rating and set a $67.00 price target on shares of Welltower in a research report on Monday, December 11th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $72.08.
Shares of Welltower (NYSE:HCN) opened at $59.29 on Monday. Welltower has a 1 year low of $58.96 and a 1 year high of $78.17. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.76. The company has a market capitalization of $21,870.00, a P/E ratio of 52.01, a P/E/G ratio of 3.93 and a beta of 0.25.
In related news, Director Gary Whitelaw bought 1,420 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were acquired at an average cost of $68.39 per share, for a total transaction of $97,113.80. Following the acquisition, the director now directly owns 1,420 shares of the company’s stock, valued at approximately $97,113.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.19% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of HCN. First Heartland Consultants Inc. boosted its position in shares of Welltower by 33.5% in the third quarter. First Heartland Consultants Inc. now owns 7,595 shares of the real estate investment trust’s stock worth $534,000 after buying an additional 1,905 shares during the period. Cohen & Steers Inc. acquired a new stake in shares of Welltower in the third quarter worth $125,329,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Welltower in the second quarter worth $1,332,000. Cubist Systematic Strategies LLC boosted its position in shares of Welltower by 355.5% in the third quarter. Cubist Systematic Strategies LLC now owns 16,867 shares of the real estate investment trust’s stock worth $1,185,000 after buying an additional 13,164 shares during the period. Finally, State of Tennessee Treasury Department boosted its position in shares of Welltower by 18.4% in the third quarter. State of Tennessee Treasury Department now owns 118,597 shares of the real estate investment trust’s stock worth $8,335,000 after buying an additional 18,447 shares during the period. Institutional investors and hedge funds own 86.46% of the company’s stock.
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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