Taking a Fresh Look at Welltower Inc. (HCN)

Welltower Inc. (HCN) is an interesting player in the Financial space, with a focus on REIT – Healthcare Facilities. The stock has been active on the tape, currently trading at $54.27, down from yesterday’s close by -2.18%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Welltower Inc. (HCN) currently trades with a market capitalization of $19.81 Billion. That value represents a market adjusting for revenues that have been growing by 1.14 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $759.46 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $0.45 on a per share basis this quarter. Perhaps, that suggests something about why 0.43% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, Welltower Inc. recorded a 52-week high of $78.17. It is now trading 23.9% off that level. The stock is trading $62.04 its 50-day moving average by 7.77%. The stock carved out a 52-week low down at $53.66.

In recent action, Welltower Inc. (HCN) has made a move of -8.27% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 12.51, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.56% with $364.95 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of HCN.

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