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Tag: Welltower

  • WhyWelltower Inc. (WELL) stock plummeted in the after-hours on Friday?

    WhyWelltower Inc. (WELL) stock plummeted in the after-hours on Friday?

    Welltower Inc. (WELL) shares plunged 15.04%  in after-hours on Friday, July 9, 2021, and closed the weekly trading at $73.43 per share. Earlier in the morning session of Friday, WELL’s stock gained 1.81% to close Friday’s session at $86.43 per share. WELL shares have risen 75.67% over the last 12 months, and they have moved up 3.22% in the past week. Over the past three months, the stock has gained 15.07%, while over the past six months, it has declined 36.54%.

    Let’s discuss its recent news and developments briefly.

    2020 Environmental, Social and Governance Report

    On July 7, 2021, Welltower Inc released its annual Environmental, Social, and Governance (ESG) Report. The report reviews Welltower’s continued strong performance in 2020 across a range of ESG initiatives including diversity and inclusion, environmental responsibility, and corporate governance.

    Closing of $500 million Senior Unsecured Notes Offering

    On June 29, 2021, Welltower Inc closed its offering of $500 million in 2.050% senior unsecured notes due January 2029.

    The net proceeds from the Offering will be used for general corporate purposes, including repayment of debt and investing in health care and seniors housing properties.

    Seniors Housing Occupancy Gains in June

    Welltower Inc seniors housing operating portfolio is seeing a recovery in occupancy. The SHO portfolio occupancy expanded 140 basis points surpassing the company’s initial guidance of around 130 bps gains for the full second quarter on June 18, 2021. Total portfolio occupancy advanced 180 bps from the pandemic since March 12, 2021.

    The company’s U.S. and U.K. SHO portfolios reported occupancy gains of roughly 210 bps and 170 bps, respectively, from the start of the current quarter till June 18, 2021.

    Acquisition of Holiday Retirement properties

    On June 21, 2021, Welltower® Inc. entered into a definitive agreement to acquire a portfolio of 86 seniors housing properties, including 80 nearly identical independent living and six combinations of independent living/assisted living properties, currently owned by Holiday Retirement for $1.58 billion.

    The transaction is expected to be completed in the third quarter of 2021 and Atria Senior Living will run operations of the properties and retain Holiday’s in-place senior management and staff.

    A new strong relationship with Monarch Communities

    On June 10, 2021, Welltower® Inc formed a new relationship with Monarch Communities. Monarch is a new brand founded by industry veterans Michael Glynn, Ross Dingman, and Andrew Teeters, who have decades of senior living experience and is a vertically integrated senior living provider with expertise in development, design-build, management, and long-term ownership.

    Revised Q2 2021 financial outlook

    On June 8, 2021, Welltower® Inc revised its second-quarter 2021 outlook. The company now set a target of $0.34 – $0.38 income per diluted share as compared to previous guidance of $0.31 – $0.36 per diluted share.

    The company now expecting to get normalized funds from operations in a range of $0.75 – $0.79 per diluted share as compared to previous guidance of $0.72 – $0.77 per diluted share.

    Conclusion

    Well, as of this writing there was no recent news which we could link with its Friday performance. But WELL is doing well in the recent past and it is recovering from pandemic so we can expect it to perform positively on Monday.

  • Healthcare REITs top trading stocks

    Healthcare REITs top trading stocks

    Healthcare REITs are companies that own, operate, or finance healthcare-related property such as hospitals, senior living facilities, nursing homes and medical office buildings. Healthcare REITs, like other REITs, pool funds from several investors and distribute dividends.

    The medical-office sector has proven robust despite the global pandemic since healthcare is considered an essential service. Medical-offices also benefited somewhat from the suspension of unnecessary procedures in many U.S. hospitals.

    The top-trading healthcare REIT stocks were:

    CareTrust REIT Inc. (NASDAQ:CTRE) shares were trading up 3.61% at $22.95 at the time of writing on Tuesday. On December 1, 2020, the company revealed that it has extended a $15 million secured mezzanine loan to Next Healthcare, Inc. in connection with Next’s acquisition of a nine-property skilled nursing portfolio in Virginia.

    CareTrust REIT Inc. (NASDAQ:CTRE) share price went from a low point around $7.16 to briefly over $23.64 in past 52 weeks, though shares have since pulled back to $22.95. CTRE market cap has remained high, hitting $2.09B at the time of writing, giving it price-to-sales ratio of more than 10.

    If we look at the recent analyst rating CTRE, KeyBanc Capital Markets upgraded coverage on CTRE shares with an Overweight rating and a $21.50 price target, which implies room for -1.45% downside momentum this year.

    Diversified Healthcare Trust (DHC) last closed at $4.32, in a 52-week range of $2.00 to $8.93. The company on November 19, 2020 reported that U.S. News and World Report, the global authority in health care rankings, has recognized 30 communities within DHC’s Senior Housing Operating Portfolio (SHOP) segment in its annual list of “Best Nursing Homes”. Analysts have a consensus price target of $3.60.

    Physicians Realty Trust (DOC) stock soar by 2.07% to $18.25. The most recent rating by KeyBanc Capital Markets, on December 14, 2020, is at a Sector weight.

    The GEO Group Inc. (NYSE:GEO) Shares headed falling, lower as much as -0.83%. The firm declared on November 23, 2020, decision by federal bureau of prisons to not rebid its contract for rivers correctional facility. The most recent rating by Noble Capital Markets, on June 29, 2020, is at an Outperform.

    Healthcare Realty Trust Incorporated (NYSE:HR) rose 2.56% after gaining more than $0.75 on Tuesday. On November 25, 2020, the company revealed the release of its second annual Corporate Responsibility Report covering Environmental, Social, and Governance (ESG) initiatives and accomplishments.

    Healthcare Trust of America Inc. (HTA) last closed at $26.72, in a 52-week range of $20.61 to $34.22. The firm on December 4, 2020 declared that its Board of Directors issued a quarterly dividend of $0.320 per share of common stock. T Analysts have a consensus price target of $29.38.

    Medical Properties Trust Inc. (MPW) stock soar by 2.64% to $21.35. On November 20, 2020, the company declared pricing of $1,300,000,000 3.500% Senior Notes Due 2031. The most recent rating by Deutsche Bank, on December 15, 2020, is at a Buy.

    Omega Healthcare Investors Inc. (NYSE:OHI) Shares headed rising, higher as much as 3.39%. The most recent rating by Wells Fargo, on December 10, 2020, is at an Overweight.

    Healthpeak Properties Inc. (NYSE:PEAK) rose 3.70% after gaining more than $1.07 on Tuesday.

    Sabra Health Care REIT Inc. (SBRA) last closed at $17.87, in a 52-week range of $5.55 to $22.55. Sabra Health Care REIT, Inc. (SBRA) on December 8, 2020 revealed the appointment of Clifton J. Porter II to its Board of Directors. Analysts have a consensus price target of $16.61.

    Ventas Inc. (VTR) stock soar by 4.41% to $49.95. The company recently reported that its Board of Directors has declared a quarterly dividend of $0.45 per common share. The most recent rating by BofA Securities, on November 30, 2020, is at a Buy.

    Welltower Inc. (NYSE:WELL) Shares headed rising, higher as much as 4.16% after issuing business update. The most recent rating by KeyBanc Capital Markets, on December 14, 2020, is at an Overweight.

  • Early Morning Vibes: Watch These 4 Stocks Today

    Early Morning Vibes: Watch These 4 Stocks Today

    The session on December 11, the American stock indexes finished in different directions. The S&P 500 Index dropped 0.13% to 3663 points, the Dow Jones added 0.16%, the NASDAQ lost 0.23%. At the beginning of trading, quotes went down for a short time, but most of the losses during the day were compensated, thanks to positive macro statistics. The communications sector emerged as the clear leader, rallying 1.15% on higher Disney shares. The financial and energy sectors looked weaker than the market, losing about 1% due to the fixation of positions after the rally.
     

    Corporate News
     

    Walt Disney (DIS: + 13.6%) management shared plans and forecasts for streaming services Disney +, Hulu, ESPN + and Star. The cumulative number of subscribers is expected to grow from the current 137 million to 300-350 million by FY2024.
     

    Apple (AAPL: -0.7%) is developing its own modem for its future devices. The news put pressure on shares of Qualcomm (QCOM: -7.4%), a chip maker for 5G communications.
     

    Oracle’s quarterly results (ORCL: + 1.8%) exceeded expectations on strong demand for cloud services.
     

    Today, world stock exchanges are showing mostly positive dynamics. The vaccination campaign can start today. Moderna’s vaccine may be approved this Friday, December 18th, but that too will not come as a surprise to market participants. On the eve of the US authorities issued an order for 100 million of anti-clotting vaccines from this company.
     

    The discussions on the stimulus package remain in the focus of investors’ attention, especially in light of the weak data on jobless claims last week. Today, lawmakers will present a detailed bill on the $ 908 billion package, which can be split into two blocks. One of the blocks will contain support measures that are less controversial among lawmakers. Even a compromise solution on this issue will be welcomed by investors.

    Top Upgrades & Downgrades


    KeyBanc turned bullish on Welltower Inc. (WELL), upgrading the stock to “Overweight” and assigning a $70.0 price target.
     

    RPT Realty (RPT) has won the favor of KeyBanc’s equity research team. The firm upgraded the shares from Sector Weight to Overweight and moved their price target to $11.0.
     

    The Macerich Company (MAC) received an upgrade from analysts at KeyBanc. They changed their rating on MAC to Sector Weight from Underweight in a recently issued research note.
     

    Earlier Monday KeyBanc reduced its rating on Xenia Hotels & Resorts Inc. (XHR) stock to Sector Weight from Overweight.
     

    KeyBanc analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Healthpeak Properties Inc. (PEAK) has been changed to Sector Weight from Overweight.
     

    Analysts at KeyBanc downgraded Retail Opportunity Investments Corp. (ROIC)’s stock to Sector Weight from Overweight on Monday.

    Today Top Movers


    Sundial Growers Inc (SNDL) went up 3.69% in today’s premarket session following a declaration from the firm that it has received approval to transfer the listing of its common shares to the Nasdaq Capital Market.
     

    Ideanomics Inc (IDEX) share price surged 11.96% at $2.06 in premarket session on Monday. Investors should take the recent surge in Ideanomics’ share price as a cautionary sign.
     

    Veru Inc (VERU) stock soared 21.16% in early morning trading session today. The firm recently declared that it has exclusively licensed worldwide rights to enobosarm, a late-stage oral novel androgen receptor (AR) targeting agent for the treatment of endocrine resistant ER+ HER2- metastatic breast cancer.

    Latest Insider Activity


    Progyny Inc. (PGNY) 10% Owner TPG Group Holdings (SBS) Advis announced the sale of shares taking place on Dec 10 at $37.52 for some 73,100 shares. The total came to more than $2.74 million.
     

    Enphase Energy Inc. (ENPH) Director Malchow Joseph Ian sold on Dec 11 a total 82,950 shares at $143.90 on average. The insider’s sale generated proceeds of almost $0.43 million.
     

    Gran Tierra Energy Inc. (GTE) Director Wade Brooke N. declared the purchase of shares taking place on Dec 09 at $0.39 for some 200,000 shares. The transaction amount was around $78000.0.
     

    Allied Esports Entertainment Inc. (AESE) 10% Owner Knighted Pastures LLC bought on Dec 10 a total 3,945,720 shares at $1.14 on average. The purchase cost the insider an estimated $99,194.

    Earnings To Watch


    Top US earnings releases scheduled for today include Champions Oncology Inc. (NASDAQ: CSBR). It will announce its Oct 2020 financial results. The company is expected to report revenues of $9.38M in the three-month period.
     

    Analysts expect Qudian Inc. (NYSE: QD) to report a net income (adjusted) of $0.04 per share, when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Sep 2020 is predicted to come in at $165.18M.
     

    Vince Holding Corp. (VNCE), due to announce earnings after the market closes today, is expected to report earnings of $0.44 per share from revenues of $65.9M recently concluded three-month period.