Welltower (NYSE:HCN) Rating
New York: In analysts note released on Monday morning, Barclays restate their “Overweight” rating on shares of Welltower (NYSE:HCN). They currently have a $74 target on the company. Barclays’s target means a potential upside of 12.36% from the company’s last stock close price.
Out of 5 analysts covering Health Care Reit Inc. (NYSE:HCN), 3 rate it “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. $79 is the highest target while $66 is the lowest. The $73.86 average target is 12.15% above today’s ($65.86) stock price. Health Care Reit Inc. was the topic in 9 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Mizuho downgraded the stock on October 26 to “Neutral” rating. Canaccord Genuity maintained the shares of HCN in a report on August 25 with “Buy” rating.
The stock increased 1.53% or $0.99 during the last trading session, hitting $65.86. About 2.99 million shares traded hands or 40.38% up from the average. Welltower Inc (NYSE:HCN) has declined 17.58% since March 30, 2015 and is downtrending. It has underperformed by 17.25% the S&P500.
The institutional sentiment decreased to 1.07 in Q2 2015. Its down 0.33, from 1.4 in 2015Q1. The ratio fall, as 57 funds sold all Welltower Inc shares owned while 208 reduced positions. 45 funds bought stakes while 239 increased positions. They now own 315.97 million shares or 10.89% less from 354.56 million shares in 2015Q1.
Adelante Capital Management Llc holds 6.2% of its portfolio in Welltower Inc for 1.88 million shares. Cbre Clarion Securities Llc owns 9.62 million shares or 5.26% of their US portfolio. Moreover, Cornerstone Real Estate Advisers Llc has 5.15% invested in the company for 175,108 shares. The Illinois-based Security Capital Research & Management Inc has invested 4.35% in the stock. Cohen & Steers Inc, a New York-based fund reported 21.54 million shares.
Since March 9, 2015, the stock had 0 insider buys, and 9 selling transactions for $3.10 million net activity. Klipsch Fred S sold 33,021 shares worth $2.11M. Ibele Erin C sold 2,104 shares worth $147,280. Miller Jeffrey H sold 2,654 shares worth $180,817. Herman Charles J Jr sold 1,000 shares worth $67,770. The insider Estes Scott A sold 3,831 shares worth $291,731.
Welltower Inc., formerly Health Care REIT, Inc., is a real estate investment trust . The company has a market cap of $22.83 billion. 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. It has 49.8 P/E ratio. The Firm operates in three divisions: seniors housing triple-net, seniors housing operating and medical facilities.
Welltower Inc. is a real estate investment trust. Its operating segment consists of seniors housing triple-net, seniors housing operating and medical facilities. The Company’s portfolio includes seniors housing communities, nursing/post-acute facilities, medical office buildings, inpatient and outpatient medical centers and life science facilities. Welltower Inc., formerly known as Health Care REIT, Inc., is headquarted in Toledo, Ohio.
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