Morgan Stanley Upgrades Welltower Inc to Overweight

Brokerage firm Morgan Stanley Upgrades its rating on Welltower Inc(HCN). The shares have been rated Overweight. Previously, the analysts had a Equal-Weight rating on the shares. The rating by the stock financial advisor at Morgan Stanley was issued on Mar 20, 2017 in a research report to their Investors and Clients.

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.

Welltower Inc (HCN) made into the market gainers list on Wednesdays trading session with the shares advancing 1.24% or 0.84 points. Due to strong positive momentum, the stock ended at $68.66, which is also near the day’s high of $68.8. The stock began the session at $68 and the volume stood at 17,40,100 shares. The 52-week high of the shares is $80.19 and the 52 week low is $59.39. The company has a current market capitalization of $24,893 M and it has 36,25,58,460 shares in outstanding.

Welltower Inc(HCN) last announced its earnings results on Feb 22, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $1.078B. Analysts had an estimated revenue of $1.040B. Earnings per share were $1.1. Analysts had estimated an EPS of $0.44.

Several Insider Transactions has been reported to the SEC. On Mar 9, 2017, Fred S Klipsch (director) sold 2,606 shares at $67.14 per share price.Also, On Mar 3, 2017, Scott A Estes (EVP and CFO) sold 26,968 shares at $69.57 per share price.On Nov 14, 2016, Timothy J Naughton (director) purchased 2,000 shares at $60.69 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.

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