Latest Welltower Inc. (NYSE:HCN) Target Price Suggests Stock Is Worth $70.29/Share

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Welltower Inc. (HCN) up 7.54 per cent in the past week, is under coverage of 22 analysts who collectively recommend a hold rating on stock. 6 of the analysts have a buy or better rating; the 0 sells versus 1 underperforms. The 17 equity analysts who rate the stock have an average target price at $70.29, with individual targets ranging between $57 and $83. The shares closed last trade at $74.7, implying that analysts see shares falling about -5.9 per cent in 12 months’ time.

Insider Activity: Insiders look pessimistic about the prospects of the company that they seem to offload shares while they are 12.62 up so far this year. A Director at Welltower Inc. (HCN) sold shares in the company in a transaction completed on Thursday March 31, 2016. Klipsch Fred S offloaded 1,953 shares in the company at an average price of $68.93 and ended up generating $134,600 in proceeds. Klipsch Fred S retains 15,653 shares in the company after this transaction. A EVP – Chief Investment Officer in the company, Brinker Scott M, on Tuesday March 29, 2016 collected $90,000 from the Sell of 1,294 shares at $68.93 each. Insiders are expected to know better about the health and prospects of their company, which is why insiders’ move deserves attention.

Earnings to Watch: Investors considering HCN stock at the going market price of $74.7/share should know the stock will next release quarterly results for the 42537 quarter. For the reporting quarter, analysts expect the company to deliver $1.14 in earnings per share (EPS). That would represent a 4.59% year-over-year increase. Revenue for the same period is expected to arrive at $1.04B.

Earnings Roundup: In the last fiscal quarter alone, Welltower Inc. generated around $1.05B in revenue and net income of $1.13/share. That compares with the consensus estimate $955.55M and $1.12/share, respectively. For the prior quarter revenue for the company hit $1.03B, with earnings at $1.13/share.

Analyst Coverage: RBC Capital Mkts has been a brokerage house following shares of Welltower Inc. (HCN), so its rating change is noteworthy. The stock was downgraded to Sector Perform from Outperform, wrote analysts at RBC Capital Mkts, in a note issued to clients on Friday April 01, 2016. There was another key note issued by Hilliard Lyons on Friday February 19, 2016. The firm lifted its rating on HCN from Underperform to Neutral.

Price Momentum: Despite the 1.54% increase in value, the stock’s new closing price represents a 1.01% rise in value from company’s one year high of $74.96. The stock is currently holding above its 50 day moving average of $10.45 and above its 200 day moving average of $69.67. Over the last three months and over the last six months, the shares of Welltower Inc. (HCN), have changed 16.28% and 65.43%, respectively.

 

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