Morgan Stanley Downgrades Welltower Inc to Equal-weight

Brokerage firm Morgan Stanley Downgrades its rating on Welltower Inc(NYSE:HCN). The shares have been rated Equal-weight. Previously, the analysts had a Overweight rating on the shares. The rating by Morgan Stanley was issued on Jun 22, 2016.

In a different note, On May 13, 2016, Citigroup said it Maintains its rating on Welltower Inc. In the research note, the firm Raises the price-target to $67.00 per share. The shares have been rated ‘Neutral’ by the firm. On May 12, 2016, Deutsche Bank said it Maintains its rating on Welltower Inc. In the research note, the firm Raises the price-target to $62.00 per share. The shares have been rated ‘Hold’ by the firm. On Apr 1, 2016, Citigroup said it Maintains its rating on Welltower Inc. In the research note, the firm Raises the price-target to $60.00 per share. The shares have been rated ‘Neutral’ by the firm. On Apr 1, 2016, RBC Capital said it Downgrades its rating on Welltower Inc. The shares have been rated ‘Sector Perform’ by the firm.

Welltower Inc (HCN) made into the market gainers list on Mondays trading session with the shares advancing 1.20% or 0.87 points. Due to strong positive momentum, the stock ended at $73.36, which is also near the day’s high of $73.67. The stock began the session at $72.15 and the volume stood at 25,86,784 shares. The 52-week high of the shares is $74.96 and the 52 week low is $52.8. The company has a current market capitalization of $26,189 M and it has 35,69,95,080 shares in outstanding.

Welltower Inc(HCN) last announced its earnings results on May 3, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.05B. Analysts had an estimated revenue of $1.02B. Earnings per share were $1.13. Analysts had estimated an EPS of $1.12.

Several Insider Transactions has been reported to the SEC. On May 17, 2016, Erin C Ibele (EVP-Head Human Cap.&Corp.Secy.) sold 2,500 shares at $72.10 per share price.Also, On Mar 30, 2016, Scott M Brinker (EVP – Chief Investment Officer) sold 1,294 shares at $69.58 per share price.On Mar 4, 2016, Fred S Klipsch (director) sold 2,269 shares at $65.75 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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