Price Action To Observe: Does Welltower Inc Have Any Gas After Today’s Big Increase?

Price Action To Observe: Does Welltower Inc Have Any Gas After Today's Big Increase?

The stock of Welltower Inc (NYSE:HCN) is a huge mover today! Welltower Inc (NYSE:HCN) has risen 3.37% since March 9, 2016 and is uptrending. It has underperformed by 4.04% the S&P500.
The move comes after 9 months positive chart setup for the $24.99B company. It was reported on Oct, 12 by Barchart.com. We have $117.52 PT which if reached, will make NYSE:HCN worth $17.24 billion more.

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 $409.67 million for 15.25 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. The rating was initiated by BTIG Research on Thursday, August 25 with “Neutral”. The rating was maintained by Deutsche Bank on Thursday, May 12 with “Hold”. The company was maintained on Thursday, August 11 by Citigroup. On Friday, February 19 the stock rating was upgraded by Hilliard Lyons to “Neutral”. Mizuho downgraded Welltower Inc (NYSE:HCN) on Monday, October 26 to “Neutral” rating. RBC Capital Markets downgraded Welltower Inc (NYSE:HCN) on Friday, April 1 to “Sector Perform” rating. The firm earned “Market Perform” rating on Thursday, January 14 by BMO Capital Markets. Canaccord Genuity maintained Welltower Inc (NYSE:HCN) on Monday, August 15 with “Buy” rating. The firm has “Overweight” rating given on Wednesday, September 14 by Stephens. On Monday, February 22 the stock rating was maintained by Deutsche Bank with “Hold”.

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 worsened, 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.
Pettyjohn Wood White holds 0.3% or 9,995 shares in its portfolio. Advsrs Limited Liability Corp owns 39,299 shares or 0.28% of their US portfolio. The Massachusetts-based Amer Mgmt has invested 0.2% in Welltower Inc (NYSE:HCN). Liberty holds 0.88% of its portfolio in Welltower Inc (NYSE:HCN) for 17,060 shares. Focused Wealth Mgmt Inc has invested 0.29% of its portfolio in Welltower Inc (NYSE:HCN). Wendell David Associates Incorporated reported 19,200 shares or 0.29% of all its holdings. Huntington Financial Bank holds 0.04% or 22,623 shares in its portfolio. The California-based Eqis Cap Mngmt Incorporated has invested 0.06% in Welltower Inc (NYSE:HCN). Gemmer Asset Mgmt Limited Liability Com holds 164 shares or 0.01% of its portfolio. A D Beadell Inv Counsel Inc owns 4,150 shares or 0.26% of their US portfolio. Budros Ruhlin Roe Inc has 0.34% invested in the company for 13,309 shares. Ironwood Inv Counsel Limited Liability Company holds 0.12% of its portfolio in Welltower Inc (NYSE:HCN) for 5,908 shares. Alphamark Advsr Ltd Com last reported 0.51% of its portfolio in the stock.

Insider Transactions: Since May 17, 2016, the stock had 0 insider purchases, and 7 sales for $5.30 million net activity. ESTES SCOTT A had sold 3,192 shares worth $236,572 on Monday, October 3. 18,424 shares were sold by Brinker Scott M, worth $1.41 million. $180,242 worth of Welltower Inc (NYSE:HCN) was sold by IBELE ERIN C on Tuesday, May 17. 24,777 Welltower Inc (NYSE:HCN) shares with value of $1.93 million were sold by Miller Jeffrey H.

More news for Welltower Inc (NYSE:HCN) were recently published by: Seekingalpha.com, which released: “Welltower: Post Taper Tantrum Dip Play” on October 12, 2016. Fool.com‘s article titled: “How Risky Is Welltower Inc.?” and published on September 15, 2016 is yet another important article.

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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