Welltower Inc (HCN) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $1.15 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $1.14. The company posted revenue of $1076.70 million in the period, compared to analysts expectations of $1053.45 million. The company’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS.
Many Wall Street Analysts have commented on Welltower Inc. Welltower Inc was Downgraded by Morgan Stanley to ” Equal-Weight” on Jun 22, 2016.
Welltower Inc opened for trading at $78.51 and hit $79.99 on the upside on Friday, eventually ending the session at $79.33, with a gain of 1.22% or 0.96 points. The heightened volatility saw the trading volume jump to 19,25,199 shares. Company has a market cap of $28,320 M.
In a different news, on Jul 5, 2016, Scott A Estes (EVP and CFO) sold 3,193 shares at $76.39 per share price. According to the SEC, on May 17, 2016, Erin C Ibele (EVP-Head Human Cap.&Corp.Secy.) sold 2,500 shares at $72.10 per share price. On Mar 30, 2016, Scott M Brinker (EVP – Chief Investment Officer) sold 1,294 shares at $69.58 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.