Welltower Inc (HCN) was Downgraded by Morgan Stanley to ” Equal-Weight”. Earlier the firm had a rating of “Overweight ” on the company shares. Morgan Stanley advised their investors in a research report released on Jun 22, 2016.
Many Wall Street Analysts have commented on Welltower Inc. Company shares were Reiterated by Stifel on May 4, 2016 to “Buy”, Firm has raised the Price Target to $ 76 from a previous price target of $73 .RBC Capital Mkts Downgraded Welltower Inc on Apr 1, 2016 to ” Sector Perform”, Price Target of the shares are set at $70.
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 closed down -0.96 points or -1.29% at $73.29 with 26,67,072 shares getting traded on Monday. Post opening the session at $74.5, the shares hit an intraday low of $73.21 and an intraday high of $74.51 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on May 17, 2016, Erin C Ibele (EVP-Head Human Cap.&Corp.Secy.) sold 2,500 shares at $72.10 per share price. According to the SEC, on Mar 30, 2016, Scott M Brinker (EVP – Chief Investment Officer) sold 1,294 shares at $69.58 per share price. On Mar 4, 2016, Fred S Klipsch (director) sold 2,269 shares at $65.75 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.