Hilliard Lyons Downgrades Health Care REIT (HCN) to Underperform
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Welltower Enters Into Agreement To Acquire Premier West Coast Seniors Housing Portfolio From Vintage Senior Living For $1.15 Billion
August 2, 2016 7:40 AM EDTTOLEDO, Ohio, Aug. 2, 2016 /PRNewswire/ -- Welltower Inc. (NYSE: HCN) today announced it has entered into a definitive agreement to acquire a portfolio of properties operated by Vintage Senior Living for a purchase price of $1.15 billion. The transaction comprises 19 properties offering a combination of independent living, assisted living and memory care communities in premium locations concentrated in Southern and Northern California, including the Los Angeles and San Francisco metro markets, and in the state of Washington. Welltower will transition management of these communities to three of its best-in-class operating partners, Senior Resource Group (11 properties),... More
Welltower Reports Second Quarter 2016 Results
August 2, 2016 7:30 AM EDTTOLEDO, Ohio--(BUSINESS WIRE)-- Welltower Inc. (NYSE:HCN) today announced results for the quarter ended June 30, 2016. For the quarter, we generated net income attributable to common stockholders of $0.54 per share, normalized FFO of $1.15 per share and normalized FAD of $1.04 per share. Second quarter results were positively impacted by strong trailing-four-quarter average total same store NOI growth, net investments of $1.9 billion and average net debt to undepreciated book capitalization ratio of 38.7%. Additional second quarter highlights include:
Normalized FFO and FAD per share increased by 6% and 9%, respectively Total portfolio SSNOI grew 3.3%, led by 4.0%... More