Welltower Inc (HCN) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 76 from a previous price target of $73 . Stifel advised their investors in a research report released on May 4, 2016.
Many Wall Street Analysts have commented on Welltower Inc. RBC Capital Mkts Downgraded Welltower Inc on Apr 1, 2016 to ” Sector Perform”, Price Target of the shares are set at $70.Shares were Reiterated by RBC Capital Mkts on Feb 22, 2016 to “Outperform” and Lowered the Price Target to $ 70 from a previous price target of $73 .Shares were Reiterated by Mizuho on Feb 19, 2016 to “Neutral” and Lowered the Price Target to $ 60 from a previous price target of $66 .
On the company’s financial health, Welltower Inc reported $1.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 3, 2016. Analyst had a consensus of $1.12. The company had revenue of $1047.10 million for the quarter, compared to analysts expectations of $1033.07 million. The company’s revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 EPS.
Welltower Inc opened for trading at $69.68 and hit $70.56 on the upside on Monday, eventually ending the session at $70.28, with a gain of 1.24% or 0.86 points. The heightened volatility saw the trading volume jump to 17,87,647 shares. Company has a market cap of $24,959 M.
In a different news, on Mar 30, 2016, Scott M Brinker (EVP – Chief Investment Officer) sold 1,294 shares at $69.58 per share price. According to the SEC, on Mar 4, 2016, Fred S Klipsch (director) sold 2,269 shares at $65.75 per share price. On Feb 24, 2016, Thomas J Derosa (CEO) purchased 33,150 shares at $61.19 per share price, according to the Form-4 filing with the securities and exchange commission.
Welltower Inc. formerly Health Care REIT Inc. is a real estate investment trust (REIT). The Company’s portfolio has range of seniors housing and healthcare real estate including seniors housing communities nursing/post-acute facilities medical office buildings inpatient and outpatient medical centers and life science facilities. The Company operates in three segments: seniors housing triple-net seniors housing operating and medical facilities. Its properties consist of land building improvements and related rights. The Company’s hospitals and seniors housing triple-net properties are leased to operators under long-term operating leases. Its medical office building portfolio is primarily self-managed and consists principally of multi-tenant properties leased to health care providers.