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Welltower Inc. , the Toledo, OH-based healthcare real estate investment trust (“REIT”) has announced the extension of the tenure of its existing chief executive officer (“CEO”) Thomas J. DeRosa. It is to be noted that the tenure of DeRosa, who has been serving the role of CEO since Apr 2014, has been extended for three years through Apr 2020. In addition, Welltower has announced some important changes in the organizational structure of the company.
Welltower is engaged in investments of seniors housing and health care real estate. Under the leadership of DeRosa, the company strived to transform its premier healthcare real estate portfolio to a unique infrastructure platform. The changes in the organizational structure are designed to support the continued growth of its healthcare real estate portfolio.
The changes also aim at creating an integrated management structure and effective execution of the company’s strategies. The new management team will directly report to DeRosa.
Shares of Welltower underperformed the Zacks categorized REIT and Equity Trust - Other industry, over the past one year. During the same time span, shares of the company rose 0.2%, whereas the industry gained 11.4%.
Welltower currently carries a Zacks Rank # 4 (Sell). Over the past 60 days, estimates for 2016 declined 0.4% to $4.54 per share.
AGNC Investment’s 2016 estimates have moved up 2.6% to $2.36 per share, over the past 60 days.
Seritage Growths’ 2016 estimates have moved up 0.9% to $2.34 per share, over the past 60 days.
Brandywine Realty’s 2016 estimates have remained unchanged at $1.29 per share, over the past 60 days.
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Welltower Extends CEO's Tenure, Brings Structural Changes
Welltower Inc. , the Toledo, OH-based healthcare real estate investment trust (“REIT”) has announced the extension of the tenure of its existing chief executive officer (“CEO”) Thomas J. DeRosa. It is to be noted that the tenure of DeRosa, who has been serving the role of CEO since Apr 2014, has been extended for three years through Apr 2020. In addition, Welltower has announced some important changes in the organizational structure of the company.
Welltower is engaged in investments of seniors housing and health care real estate. Under the leadership of DeRosa, the company strived to transform its premier healthcare real estate portfolio to a unique infrastructure platform. The changes in the organizational structure are designed to support the continued growth of its healthcare real estate portfolio.
The changes also aim at creating an integrated management structure and effective execution of the company’s strategies. The new management team will directly report to DeRosa.
Shares of Welltower underperformed the Zacks categorized REIT and Equity Trust - Other industry, over the past one year. During the same time span, shares of the company rose 0.2%, whereas the industry gained 11.4%.
Welltower currently carries a Zacks Rank # 4 (Sell). Over the past 60 days, estimates for 2016 declined 0.4% to $4.54 per share.
Some better-ranked stocks in the real estate space include AGNC Investment Corp. (AGNC - Free Report) , Seritage Growth Properties (SRG - Free Report) and Brandywine Realty Trust (BDN - Free Report) . All these stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
AGNC Investment’s 2016 estimates have moved up 2.6% to $2.36 per share, over the past 60 days.
Seritage Growths’ 2016 estimates have moved up 0.9% to $2.34 per share, over the past 60 days.
Brandywine Realty’s 2016 estimates have remained unchanged at $1.29 per share, over the past 60 days.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks’ private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks’ private trades >>