Today’s Market Runner: A Reversal for Welltower Inc Is Not Near. The Stock Declines Again

Today's Market Runner: A Reversal for Welltower Inc Is Not Near. The Stock Declines Again

The stock of Welltower Inc (NYSE:HCN) is a huge mover today! The stock decreased 2.03% or $1.46 on October 5, hitting $70.38. Welltower Inc (NYSE:HCN) has risen 7.40% since March 2, 2016 and is uptrending. It has underperformed by 0.86% the S&P500.
The move comes after 9 months negative chart setup for the $25.29B company. It was reported on Oct, 6 by Barchart.com. We have $64.75 PT which if reached, will make NYSE:HCN worth $2.02 billion less.

Analysts await Welltower Inc (NYSE:HCN) to report earnings on November, 4. They expect $1.14 EPS, up 1.79% or $0.02 from last year’s $1.12 per share. HCN’s profit will be $409.64M for 15.43 P/E if the $1.14 EPS becomes a reality. After $1.15 actual EPS reported by Welltower Inc for the previous quarter, Wall Street now forecasts -0.87% negative EPS growth.

Welltower Inc (NYSE:HCN) Ratings Coverage

Out of 15 analysts covering Health Care Reit Inc. (NYSE:HCN), 4 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 27% are positive. Health Care Reit Inc. has been the topic of 27 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Mizuho downgraded it to “Neutral” rating and $66 target price in Monday, October 26 report. Deutsche Bank maintained the shares of HCN in a report on Monday, February 22 with “Hold” rating. The firm has “Buy” rating by Canaccord Genuity given on Monday, August 15. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, February 22. Evercore maintained Welltower Inc (NYSE:HCN) rating on Tuesday, September 8. Evercore has “Buy” rating and $73 price target. BMO Capital Markets downgraded Welltower Inc (NYSE:HCN) on Wednesday, January 27 to “Underperform” rating. The company was maintained on Tuesday, August 23 by UBS. The stock has “Market Perform” rating given by BMO Capital Markets on Thursday, January 14. The firm earned “Overweight” rating on Wednesday, September 14 by Stephens. The company was upgraded on Friday, February 19 by Hilliard Lyons.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment decreased to 0.5 in Q2 2016. Its down 0.35, from 0.85 in 2016Q1. The ratio dropped, as 4 funds sold all Welltower Inc shares owned while 6 reduced positions. 0 funds bought stakes while 5 increased positions. They now own 169,883 shares or 26.93% less from 232,502 shares in 2016Q1.
Alphamark Advsr Ltd owns 11,302 shares or 0.51% of their US portfolio. Gemmer Asset Ltd Liability Company has 164 shares for 0.01% of their US portfolio. Wendell David Assoc last reported 0.29% of its portfolio in the stock. A D Beadell Counsel holds 0.26% or 4,150 shares in its portfolio. Liberty Capital Mngmt accumulated 0.88% or 17,060 shares. Inv Ltd Com has 0.28% invested in the company for 39,299 shares. Ironwood Invest Counsel Ltd Liability has 5,908 shares for 0.12% of their US portfolio. Huntington Comml Bank holds 0.04% of its portfolio in Welltower Inc (NYSE:HCN) for 22,623 shares. Focused Wealth Management holds 0.29% or 8,305 shares in its portfolio. Budros Ruhlin And Roe Inc owns 13,309 shares or 0.34% of their US portfolio. Eqis Cap Mgmt last reported 0.06% of its portfolio in the stock. Moreover, Pettyjohn Wood And White Inc has 0.3% invested in Welltower Inc (NYSE:HCN) for 9,995 shares. , a Massachusetts-based fund reported 6,946 shares.

Insider Transactions: Since May 17, 2016, the stock had 0 insider purchases, and 7 sales for $5.30 million net activity. The insider IBELE ERIN C sold 2,500 shares worth $180,242. Miller Jeffrey H also sold $1.93M worth of Welltower Inc (NYSE:HCN) on Wednesday, September 7. ESTES SCOTT A sold $243,956 worth of stock. Brinker Scott M also sold $1.41M worth of Welltower Inc (NYSE:HCN) shares.

Another recent and important Welltower Inc (NYSE:HCN) news was published by Fool.com which published an article titled: “How Risky Is Welltower Inc.?” on September 15, 2016.

HCN Company Profile

Welltower Inc., formerly Health Care REIT, Inc., incorporated on April 4, 1985, is a well-known provider of healthcare infrastructure. The Firm operates through three divisions: triple-net, seniors housing operating and outpatient medical. The Firm invests in seniors housing operators, post-acute providers and health systems to fund real estate and infrastructure. Welltower, a real estate investment trust (REIT), owns properties in the United States, Canada and the United Kingdom, consisting of seniors housing and post-acute communities and outpatient medical properties.

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