Welltower Inc (NYSE:HCN) Change of Rating
RBC Capital Markets downgraded shares of Welltower Inc (NYSE:HCN) from “Outperform” rating to “Sector Perform” rating in a note released on Friday, 1 April.
According to data compiled by Thomson Reuters, Welltower Inc (NYSE:HCN)’s stock is covered by 18 equity analysts across the Street, with 1 analysts giving it a Sell rating, 7 a Buy rating, while 14 consider it a Hold. The 12-month consensus target price for the stock is $67.47, which reflects an downside potential of 2.44% over the current price.
NYSE:HCN Price Chart & Trend
The stock price of Welltower Inc has grown 2.95% over the last 200 days, and is in very unstanble up trend. In the last 50 and 100 days, Welltower Inc is up 7.21% and up 7.9%, respectively. Our stocks momentum model is shown on the price chart below.
Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models
Adelante Capital Management Llc had the biggest stake with ownership of 1.88 million shares as of Q2 2015 for 6.2% of the stocks portfolio. Cbre Clarion Securities Llc is another quite bullish investment manager who is possessing 9.62 million shares of Welltower Inc or 5.26% of their stocks portfolio. Moreover, Cornerstone Real Estate Advisers Llc have 5.15% of their stocks portfolio invested in the company for 175,108 shares. The Illinois-based fund Security Capital Research & Management Inc revealed it had purchased a stake worth about 4.35% of the investment manager’s stock portfolio in Welltower Inc. The New York-based fund Cohen & Steers Inc is also positive about the stock, possessing 1.97 million shares or 4.29% of their stocks portfolio.Over the last 6 months, Welltower Inc NYSE:HCN has seen 2 buys, and 5 insider selling transactions. The net result was for 7 transactions, worth $1.57 million.
Welltower Inc (NYSE:HCN) Profile
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.
Welltower Inc (NYSE:HCN) traded down -0.26% on 1 April, hitting $69.16. A total of 1.83M shares of the company’s stock traded hands. This is down from average of 2.43M shares. Welltower Inc has a 52 week low of $52.80 and a 52 week high of $79.6. The company has a market cap of $24.58B and a P/E ratio of 44.89.
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