Today’s Stock On Watch: Health Care REIT Inc (NYSE:HCN) Stock Sentiment Increases

November 25, 2016 - By Dolores Ford   ·   0 Comments

Today's Stock On Watch: Health Care REIT Inc (NYSE:HCN) Stock Sentiment  Increases

Sentiment for Health Care REIT Inc (NYSE:HCN)

Health Care REIT Inc (NYSE:HCN) institutional sentiment increased to 1.6 in 2016 Q2. Its up 1.10, from 0.5 in 2016Q1. The ratio has increased, as 5 hedge funds increased or opened new stock positions, while 10 decreased and sold stock positions in Health Care REIT Inc. The hedge funds in our partner’s database now own: 169,883 shares, down from 232,502 shares in 2016Q1. Also, the number of hedge funds holding Health Care REIT Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 6 Increased: 5 New Position: 0.

Welltower Inc., formerly Health Care REIT, Inc., is a well-known provider of healthcare infrastructure. The company has a market cap of $22.57 billion. The Firm operates through three divisions: triple-net, which includes independent living facilities, independent supportive living facilities , continuing care retirement communities, assisted living facilities, care homes with and without nursing (United Kingdom), Alzheimer’s/dementia care facilities, long-term/post-acute care facilities and hospitals; seniors housing operating, which includes a range of facility types, including independent living facilities and independent supportive living facilities, assisted living facilities, care homes and Alzheimer’s/dementia care facilities, and outpatient medical, which includes outpatient medical buildings. It has a 36.28 P/E ratio. It invests in seniors housing operators, post-acute providers and health systems to fund real estate and infrastructure.

About 507,287 shares traded hands. Welltower Inc (NYSE:HCN) has declined 8.92% since April 22, 2016 and is downtrending. It has underperformed by 14.33% the S&P500.

Analysts await Welltower Inc (NYSE:HCN) to report earnings on February, 16. They expect $1.11 EPS, down 1.77% or $0.02 from last year’s $1.13 per share. HCN’s profit will be $400.92 million for 14.07 P/E if the $1.11 EPS becomes a reality. After $1.16 actual EPS reported by Welltower Inc for the previous quarter, Wall Street now forecasts -4.31% negative EPS growth.

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.”

Liberty Capital Management Inc. holds 0.88% of its portfolio in Welltower Inc for 17,060 shares. Alphamark Advisors Llc owns 11,302 shares or 0.51% of their US portfolio. Moreover, Budros Ruhlin & Roe Inc. has 0.34% invested in the company for 13,309 shares. The Virginia-based Pettyjohn Wood & White Inc has invested 0.3% in the stock. Focused Wealth Management Inc, a New York-based fund reported 8,305 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 1 insider purchase, and 6 sales for $5.00 million net activity.

Welltower Inc (NYSE:HCN) Ratings Coverage

Ratings analysis reveals 33% of Health Care Reit Inc.’s analysts are positive. Out of 15 Wall Street analysts rating Health Care Reit Inc., 5 give it “Buy”, 1 “Sell” rating, while 9 recommend “Hold”. The lowest target is $57 while the high is $86. The stock’s average target of $72.67 is 16.29% above today’s ($62.49) share price. HCN was included in 28 notes of analysts from July 21, 2015. Stephens initiated the shares of HCN in a report on Wednesday, September 14 with “Overweight” rating. The rating was maintained by Deutsche Bank on Thursday, May 12 with “Hold”. The firm has “Buy” rating given on Tuesday, September 8 by Evercore. The rating was maintained by Canaccord Genuity on Tuesday, August 25 with “Buy”. The firm has “Buy” rating given on Tuesday, August 4 by Canaccord Genuity. The rating was maintained by RBC Capital Markets on Tuesday, January 26 with “Outperform”. The firm earned “Neutral” rating on Monday, October 26 by Mizuho. On Thursday, August 11 the stock rating was maintained by Citigroup with “Neutral”. On Thursday, December 17 the stock rating was downgraded by JP Morgan to “Neutral”. The firm has “Neutral” rating given on Friday, February 19 by Mizuho.

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.

Another recent and important Welltower Inc (NYSE:HCN) news was published by Fool.com which published an article titled: “Welltower Inc.’s Earnings Rise on New Additions” on November 02, 2016.

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By Dolores Ford


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