Welltower Inc(NYSE:HCN) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $1.078B. Analysts estimated a revenue of $1.040B. The revenues were 3.65% above the estimates. Earnings per share were $1.1. The reported EPS was above estimates by 150%. Analysts had estimated an EPS of $0.44.
In a different note, On Jan 19, 2017, SunTrust Robinson Humphrey said it Downgrades its rating on Welltower Inc. The shares have been rated ‘Hold’ by the firm. On Dec 13, 2016, Wells Fargo said it Downgrades its rating on Welltower Inc. The shares have been rated ‘Market Perform’ by the firm.
Welltower Inc (HCN) made into the market gainers list on Wednesdays trading session with the shares advancing 1.14% or 0.76 points. Due to strong positive momentum, the stock ended at $67.7, which is also near the day’s high of $68.311. The stock began the session at $67.81 and the volume stood at 26,67,328 shares. The 52-week high of the shares is $80.19 and the 52 week low is $59.16. The company has a current market capitalization of $24,543 M and it has 36,25,31,660 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Nov 14, 2016, Timothy J Naughton (director) purchased 2,000 shares at $60.69 per share price.Also, On Oct 4, 2016, Scott A Estes (EVP and CFO) sold 3,192 shares at $74.11 per share price.On Sep 8, 2016, Jeffrey H Miller (EVP-COO) sold 24,777 shares at $78.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Welltower Inc. formerly Health Care REIT Inc. is a real estate investment trust (REIT). The Company’s portfolio has range of seniors housing and healthcare real estate including seniors housing communities nursing/post-acute facilities medical office buildings inpatient and outpatient medical centers and life science facilities. The Company operates in three segments: seniors housing triple-net seniors housing operating and medical facilities. Its properties consist of land building improvements and related rights. The Company’s hospitals and seniors housing triple-net properties are leased to operators under long-term operating leases. Its medical office building portfolio is primarily self-managed and consists principally of multi-tenant properties leased to health care providers.