Welltower (HCN) Given a $70.00 Price Target at Stephens
Several other analysts also recently weighed in on HCN. Royal Bank of Canada restated a hold rating and set a $74.00 price objective on shares of Welltower in a research report on Tuesday, October 10th. Jefferies Group restated a hold rating and set a $72.00 price objective on shares of Welltower in a research report on Tuesday, October 3rd. Zacks Investment Research downgraded shares of Welltower from a hold rating to a sell rating in a research report on Tuesday, January 9th. Capital One Financial started coverage on shares of Welltower in a report on Monday, September 25th. They issued an equal weight rating and a $74.00 target price on the stock. Finally, UBS Group cut their target price on shares of Welltower from $71.00 to $69.00 and set a neutral rating on the stock in a report on Monday, October 2nd. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. Welltower has an average rating of Hold and a consensus price target of $72.92.
Shares of Welltower (NYSE:HCN) traded down $1.01 during trading hours on Friday, hitting $59.16. 2,686,500 shares of the stock traded hands, compared to its average volume of 2,184,033. The stock has a market cap of $21,820.00, a P/E ratio of 51.89, a PEG ratio of 3.92 and a beta of 0.25. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.79. Welltower has a twelve month low of $58.98 and a twelve month high of $78.17.
In other Welltower news, Director Gary Whitelaw bought 1,420 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were acquired at an average cost of $68.39 per share, with a total value 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 purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.19% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Spectrum Management Group Inc. acquired a new position in Welltower in the 3rd quarter valued at $100,000. Wealthcare Advisory Partners LLC acquired a new position in Welltower in the 3rd quarter valued at $101,000. San Francisco Sentry Investment Group CA increased its stake in Welltower by 1,048.5% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,539 shares of the real estate investment trust’s stock valued at $108,000 after buying an additional 1,405 shares during the period. Hudock Capital Group LLC increased its stake in Welltower by 543.7% in the 3rd quarter. Hudock Capital Group LLC now owns 2,002 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 1,691 shares during the period. Finally, Miles Capital Inc. acquired a new position in Welltower in the 2nd quarter valued at $205,000. 86.46% of the stock is currently owned by institutional investors.
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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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