Welltower Receives a Sell from BMO Capital

By Carrie Williams

BMO Capital analyst John Kim reiterated a Sell rating on Welltower (NYSE: HCN) today and set a price target of $70. The company’s shares opened today at $67.36.

According to TipRanks.com, Kim is a 3-star analyst with an average return of 2.0% and a 53.1% success rate. Kim covers the Financial sector, focusing on stocks such as Franklin Street Properties, Monogram Residential Trust, and National Health Investors.

Welltower has an analyst consensus of Moderate Buy, with a price target consensus of $86.

Welltower’s market cap is currently $24.11B and has a P/E ratio of 38.42. The company has a book value ratio of 1.8011.

Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is neutral on the stock. Most recently, in March 2016, Fred Klipsch, a Director at HCN sold 2,269 shares for a total of $149,187.

Welltower, Inc. is a real estate investment trust. The company invests with seniors housing operators, post acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people’s wellness and overall health care experience. It owns properties in the United States, Canada and the United Kingdom, consisting of seniors housing and post-acute communities and outpatient medical properties. The company operates through the following segments: Triple-net, Seniors Housing Operating, and Outpatient Medical. The Triple-net properties segment include long-term/post-acute care facilities, assisted living facilities, independent living/continuing care retirement communities, care homes (United Kingdom), independent support living facilities (Canada), care homes with nursing (United Kingdom) and combinations thereof. The Seniors Housing Operating properties segment includes the seniors housing communities. The Outpatient Medical properties segment includes outpatient medical buildings. The company was founded by Bruce G. Thompson and Fritz Wolfe in 1970 and is headquartered in Toledo, OH.