Welltower Inc.
 (HCN)

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  • Jul. 30, 2015, 5:12 PM
    • Health Care REIT (NYSE:HCN) declares $0.825/share quarterly dividend, in line with previous.
    • Forward yield 4.8%
    • Payable Aug. 20; for shareholders of record Aug. 11; ex-div Aug. 7.
    | Jul. 30, 2015, 5:12 PM
  • Jul. 15, 2015, 8:23 AM
    • Health Care REIT (NYSE:HCN), Omega Healthcare (NYSE:OHI), and Sabra Health Care (NASDAQ:SBRA) are all initiated with Buy ratings at SunTrust.
    • Each name in the trio is off about 10% YTD.
    | Jul. 15, 2015, 8:23 AM | 2 Comments
  • Jul. 8, 2015, 12:30 PM
    • "With interest rate fears driving the sector down 21% from its January [level], fundamental drivers remain strong and we see healthcare REIT valuations at their best entry point in 18 months," says Canaccord, initiating coverage on a number of sector names.
    • Started at Buy are Caretrust REIT (CTRE -2.7%), Health Care REIT (HCN +0.6%), New Senior Investment (SNR -1%), and Physicians Realty Trust (DOC +0.3%).
    • Started at Hold are Sabra Health Care REIT (SBRA +0.5%), and BioMed Realty (BMR -0.1%).
    | Jul. 8, 2015, 12:30 PM | 5 Comments
  • Jun. 18, 2015, 8:41 AM
    • An existing JV between Health Care REIT (NYSE:HCN) and Revera, Inc. agrees to purchase Regal Lifestyles Communities, a publicly-traded Canadian company owning and operating 23 seniors housing communities with more than 3.6K units.
    • The initial cash yield is expected to be 6.1% and anticipated to be immediately accretive to FFO and FAD per share.
    • HCN has a 75% interest in the acquiring JV.
    | Jun. 18, 2015, 8:41 AM
  • Jun. 15, 2015, 2:20 PM
    • Genesis Healthcare (GEN +10.8%) acquires 24 skilled nursing facilities and a rehabilitation business from privately-held Revera for $240M. Under the terms of the agreement, Genesis will purchase the real estate of 20 of the 24 facilities and will lease the remaining four through Health Care REIT (HCN -0.3%). It will also acquire the operations of Premier Therapy, Revera's contract rehabilitation business.
    • The transaction, which will be accretive to 2016 earnings, is expected to close by year-end.
    | Jun. 15, 2015, 2:20 PM
  • Jun. 15, 2015, 8:00 AM
    • The agreement with Revera Inc. also includes its contract rehabilitation business, with the price for the whole deal being $240M.
    • Genesis (NYSE:GEN) will acquire the real estate of 20 of the 24 facilities, and will enter into a long-term lease agreement with Health Care REIT (NYSE:HCN) for the others.
    • The deal will initially be financed with a bridge loan from HCN, with Genesis to subsequently refinance into something more permanent.
    | Jun. 15, 2015, 8:00 AM
  • Jun. 1, 2015, 10:39 AM
    • Health Care REIT (HCN +1.1%) is an outlier to the upside among the seniors housing and healthcare names after being upgraded to Buy at Evercore ISI.
    | Jun. 1, 2015, 10:39 AM | 3 Comments
  • May 26, 2015, 7:20 AM
    • Healthcare Realty Trust (NYSE:HR) is lower by 20% from a mid-January high and down 11.5% in 2015, and Health Care REIT (NYSE:HCN) has also struggled - though by somewhat less - over the same time frames.
    • Mizuho upgrades both to Buy from Neutral.
    | May 26, 2015, 7:20 AM
  • May 14, 2015, 4:49 PM
    • The team at Wells Fargo finds seven REITs most at risk of a takeover, writes Jake Mooney at SNL Financial. What they have in common are sustained discounts to NAV, market caps less than $5B, and relatively low debt ratios - important because it allows added leverage without violating debt covenants.
    • At risk? The higher debt loads following a privatization could be harmful to existing bondholders. Stockholders, of course, might feel differently.
    • The seven: Mack-Cali (NYSE:CLI), Education Realty Trust (NYSE:EDR), Equity One (NYSE:EQY), Healthcare Realty (NYSE:HR), Retail Opportunity Investments (NASDAQ:ROIC), Post Properties (NYSE:PPS), and Washington Real Estate (NYSE:WRE).
    • In the right environment, why limit candidates to smaller REITs? Stifel's Daniel Bernstein suggests Ventas (NYSE:VTR) could go for the equivalent of a 5% cap rate or $90 per share, given Blackstone paid a 6.2% cap rate for Excel Trust, and Associated Estates sold with a cap rate below 5%. Similar cap rates would produce tasty premiums for HCP, Health Care REIT (NYSE:HCN), Healthcare Realty Trust (HR), and Healthcare Trust of America (NYSE:HTA).
    | May 14, 2015, 4:49 PM | 18 Comments
  • May 8, 2015, 7:47 AM
    • Q1 normalized FFO of $349.7M or $1.04 per share vs. $289.7M and $1.00 one year ago. Normalized FAD of $0.92 vs. $0.90. Dividend is $0.825.
    • $2.2B of investments in Q1; same-store NOI growth of 3.1%.
    • 2015 guidance is affirmed: Normalized FFO of $4.25-$4.35, up 3-5% Y/Y, and normalized FAD of $3.83-$3.93, up 5-7%. Same-store cash NOI growth of 3-3.5%.
    • Conference call at 10 ET
    • Previously: Health Care REIT EPS and revenue in-line (May 8)
    • HCN flat premarket
    | May 8, 2015, 7:47 AM
  • May 8, 2015, 7:32 AM
    • Health Care REIT (NYSE:HCN): Q1 EPS of $1.04 in-line.
    • Revenue of $894.17M (+11.5% Y/Y) in-line.
    | May 8, 2015, 7:32 AM
  • May 7, 2015, 5:30 PM
    | May 7, 2015, 5:30 PM | 7 Comments
  • Apr. 30, 2015, 5:37 PM
    • Health Care REIT (NYSE:HCN) declares $0.825/share quarterly dividend, in line with previous.
    • Forward yield 4.58%
    • Payable May 20; for shareholders of record May 12; ex-div May 8.
    | Apr. 30, 2015, 5:37 PM
  • Apr. 30, 2015, 3:15 PM
    • A big rise in interest rates early in the session made for a good excuse to sell REITs, but - with the averages sharply lower - rates have reversed course. Still, the sector can't catch a bid, with many of the bigger names down way more than the broader market.
    • Equity REITs: Realty Income (O -2.3%), Health Care REIT (HCN -3.2%), Ventas (VTR -3.2%), HCP (HCP -3.1%), Equity Residential (EQR -2.6%), Silver Bay Realty (SBY -2.5%), General Growth Properties (GGP -2.4%), Retail Opportunity (ROIC -3.9%), Boston Properties (BXP -2.4%), Hospitality Properties (HPT -2.9%)
    • Mortgage REITs: Armour Residential (ARR -5.6%) - which reported another weak quarter overnight, Two Harbors (TWO -1.1%), Western Asset (WMC -1.3%), Arlington Asset (AI -2.8%), PennyMac (PMT -1.5%). When things get tough, money does have a tendency to flow into the sector giants though: Annaly Capital (NLY -0.4%) and American Capital Agency (AGNC +0.3%) are notable outperformers on the session.
    • ETFs: IYR, VNQ, DRN, URE, REZ, SCHH, ICF, SRS, RWR, KBWY, DRV, REK, FRI, FTY, PSR, FREL, WREI
    | Apr. 30, 2015, 3:15 PM | 43 Comments
  • Apr. 8, 2015, 10:37 AM
    • Started at Outperform is Health Care REIT (HCN +0.2%), Physicians Realty Trust (DOC +1.5%), and National Health Investors (NHI +0.6%).
    • Started at Market Perform is Ventas (VTR +0.2%), and LTC Properties (LTC +0.7%).
    • Initiated at Underperform is HCP (HCP -0.7%).
    • Previously: BMO launches coverage on apartment REIT sector (April 8)
    | Apr. 8, 2015, 10:37 AM | 3 Comments
  • Mar. 10, 2015, 3:08 PM
    • With the averages having a tightening tantrum - the Dow down nearly 300 - money is cautiously flowing into some income plays, notably the REITs. The iShares U.S. Real Estate ETF (NYSEARCA:IYR) is flat on the session.
    • Among the larger caps: Simon Property (SPG +0.2%), General Growth (GGP +0.7%), Health Care REIT (HCN +0.9%), HCP (HCP +0.4%), Equity Residential (EQR +0.5%), AvalonBay (AVB +0.6%), Boston Properties (BXP +0.2%), American Capital Agency (AGNC +0.2%), Annaly Capital (NLY -0.8%)
    • ETFs: IYR, VNQ, DRN, URE, SRS, ICF, SCHH, RWR, KBWY, DRV, REK, FRI, FTY, PSR, WREI, FREL
    • Previously: Yields tumble alongside stocks (March 10)
    | Mar. 10, 2015, 3:08 PM | 7 Comments
Company Description
Welltower Inc invests in senior housing and health care real estate. It also provides property management and development services.