Somewhat Positive Media Coverage Somewhat Unlikely to Impact Welltower (HCN) Stock Price
Press coverage about Welltower (NYSE:HCN) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Welltower earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.8721051755246 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- BRIEF-Sabra Health Care REIT prices public offering of 16 mln shares of common stock (feeds.reuters.com)
- Welltower Inc (HCN) Compiles Losses For the Week – Akron Register (akronregister.com)
- Welltower Inc. (HCN) Coverage Initiated at Capital One Financial Corporation (americanbankingnews.com)
- Welltower (HCN) vs. Its Competitors Financial Contrast (americanbankingnews.com)
- Welltower: Progress Has Been Made, But Is It Enough? – Seeking Alpha (seekingalpha.com)
A number of research firms recently issued reports on HCN. Capital One Financial Corporation began coverage on shares of Welltower in a report on Monday. They set an “equal weight” rating and a $74.00 price objective for the company. Royal Bank Of Canada restated a “hold” rating and set a $72.00 price objective on shares of Welltower in a report on Monday, June 5th. BMO Capital Markets restated a “sell” rating and set a $68.00 price objective on shares of Welltower in a report on Friday, July 28th. BidaskClub downgraded shares of Welltower from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Finally, Mizuho restated a “neutral” rating on shares of Welltower in a report on Wednesday, June 28th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. Welltower currently has a consensus rating of “Hold” and an average price target of $72.15.
Welltower (NYSE HCN) opened at 71.30 on Tuesday. The stock has a 50 day moving average of $72.57 and a 200 day moving average of $72.34. The stock has a market cap of $26.30 billion, a P/E ratio of 22.20 and a beta of 0.24. Welltower has a 1-year low of $59.39 and a 1-year high of $78.17.
Welltower (NYSE:HCN) last issued its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.01. Welltower had a net margin of 28.94% and a return on equity of 8.74%. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the business earned $0.54 EPS. Equities analysts anticipate that Welltower will post $2.30 EPS for the current fiscal year.
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Welltower Company Profile
Welltower Inc invests with seniors housing operators, post-acute providers and health systems to fund real estate and infrastructure. The Company invests in seniors housing and healthcare real estate. It operates in three segments: triple-net, seniors housing operating and outpatient medical. Welltower, a real estate investment trust (REIT), owns interests in properties concentrated in markets 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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