Welltower (HCN) Earning Somewhat Favorable Media Coverage, Study Shows

Media headlines about Welltower (NYSE:HCN) have been trending somewhat positive recently, according to AlphaOne. The research group, a subsidiary of Accern, identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Welltower earned a news impact score of 0.01 on AlphaOne’s scale. AlphaOne also assigned media coverage about the real estate investment trust an impact score of 99 out of 100, meaning that recent media coverage is extremely likely to have an effect on the stock’s share price in the immediate future.

Here are some of the news headlines that may have impacted Alpha One Sentiment Analysis’s analysis:

Insider Buying and Selling by Quarter for Welltower (NYSE:HCN)

A number of equities research analysts have issued reports on HCN shares. Stifel Nicolaus upped their price target on shares of Welltower from $69.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, February 23rd. Canaccord Genuity reaffirmed a “buy” rating and issued a $86.00 price target on shares of Welltower in a report on Monday, May 15th. Royal Bank Of Canada reiterated a “hold” rating and issued a $72.00 target price on shares of Welltower in a research report on Wednesday, May 3rd. Zacks Investment Research upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, March 29th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $65.00 price target on shares of Welltower in a research report on Friday, May 12th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $73.31.

Shares of Welltower (NYSE:HCN) traded up 0.28% during trading on Tuesday, reaching $76.46. The company had a trading volume of 843,293 shares. The firm has a market capitalization of $28.00 billion, a PE ratio of 23.56 and a beta of 0.26. The stock has a 50 day moving average price of $72.52 and a 200 day moving average price of $69.15. Welltower has a 12 month low of $59.39 and a 12 month high of $80.19.

Welltower (NYSE:HCN) last released its quarterly earnings data on Friday, May 5th. The real estate investment trust reported $1.05 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.05. Welltower had a return on equity of 8.94% and a net margin of 29.10%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the business posted $0.42 EPS. Welltower’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, equities research analysts forecast that Welltower will post $2.14 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, May 22nd. Investors of record on Tuesday, May 9th were given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 4.56%. The ex-dividend date of this dividend was Friday, May 5th. Welltower’s dividend payout ratio is currently 107.41%.

In related news, insider Paul D. Nungester, Jr. sold 6,452 shares of the firm’s stock in a transaction on Tuesday, March 28th. The stock was sold at an average price of $70.26, for a total transaction of $453,317.52. Following the completion of the transaction, the insider now directly owns 33,795 shares of the company’s stock, valued at approximately $2,374,436.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.19% of the stock is owned by company insiders.

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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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