Welltower (HCN) Given a $57.00 Price Target by BMO Capital Markets Analysts

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.

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

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.

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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.

Analyst Recommendations for Welltower (NYSE:HCN)

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