Welltower Inc. (HCN) Given Average Rating of “Hold” by Analysts
Shares of Welltower Inc. (NYSE:HCN) have been assigned a consensus rating of “Hold” from the eighteen research firms that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $73.50.
HCN has been the subject of several research reports. Stifel Nicolaus cut their target price on shares of Welltower from $75.00 to $74.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Capital One Financial Corporation upgraded shares of Welltower from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, November 8th. KeyCorp reiterated a “hold” rating on shares of Welltower in a research report on Tuesday, October 17th. Royal Bank Of Canada reiterated a “hold” rating and issued a $74.00 target price on shares of Welltower in a research report on Tuesday, October 10th. Finally, UBS AG cut their target price on shares of Welltower from $71.00 to $69.00 and set a “neutral” rating for the company in a research report on Monday, October 2nd.
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A number of institutional investors have recently bought and sold shares of HCN. KCG Holdings Inc. bought a new stake in Welltower in the first quarter worth $216,000. Aperio Group LLC raised its stake in shares of Welltower by 26.7% during the second quarter. Aperio Group LLC now owns 141,743 shares of the real estate investment trust’s stock valued at $10,609,000 after acquiring an additional 29,836 shares during the last quarter. Gulf International Bank UK Ltd raised its stake in shares of Welltower by 1.2% during the second quarter. Gulf International Bank UK Ltd now owns 112,517 shares of the real estate investment trust’s stock valued at $8,421,000 after acquiring an additional 1,375 shares during the last quarter. Sabal Trust CO raised its stake in shares of Welltower by 2.7% during the second quarter. Sabal Trust CO now owns 333,343 shares of the real estate investment trust’s stock valued at $24,950,000 after acquiring an additional 8,815 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. raised its stake in shares of Welltower by 0.6% during the second quarter. Farmers & Merchants Investments Inc. now owns 5,030 shares of the real estate investment trust’s stock valued at $376,000 after acquiring an additional 30 shares during the last quarter. 86.34% of the stock is owned by institutional investors and hedge funds.
Welltower (HCN) traded up $0.02 on Friday, hitting $67.96. 1,357,857 shares of the stock were exchanged, compared to its average volume of 1,701,372. The stock has a market cap of $25,169.45, a price-to-earnings ratio of 15.84, a P/E/G ratio of 4.58 and a beta of 0.24. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.76. Welltower has a 12-month low of $61.08 and a 12-month high of $78.17.
Welltower (NYSE:HCN) last released its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.03. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.06 billion. Welltower had a net margin of 22.67% and a return on equity of 7.45%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.16 EPS. research analysts forecast that Welltower will post 4.23 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Tuesday, November 7th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 5.12%. The ex-dividend date is Monday, November 6th. Welltower’s dividend payout ratio is presently 140.32%.
Welltower Company Profile
Welltower Inc invests with seniors housing operators, post-acute providers and health systems to fund real estate and infrastructure. The Company invests in seniors housing and healthcare real estate. It operates in three segments: triple-net, seniors housing operating and outpatient medical. Welltower, a real estate investment trust (REIT), owns interests in properties concentrated in markets in the United States, Canada and the United Kingdom, consisting of seniors housing and post-acute communities, and outpatient medical properties.
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