Welltower (HCN) Receives “Hold” Rating from Mizuho
Mizuho reissued their hold rating on shares of Welltower (NYSE:HCN) in a research note published on Monday morning. They currently have a $67.00 price objective on the real estate investment trust’s stock.
Several other analysts also recently weighed in on HCN. Royal Bank of Canada reaffirmed a hold rating and set a $74.00 target price on shares of Welltower in a research note on Tuesday, October 10th. Jefferies Group reaffirmed a hold rating and set a $72.00 target price on shares of Welltower in a research note on Tuesday, October 3rd. Capital One Financial began coverage on Welltower in a research note on Monday, September 25th. They set an equal weight rating and a $74.00 target price on the stock. UBS dropped their price objective on Welltower from $71.00 to $69.00 and set a neutral rating on the stock in a research note on Monday, October 2nd. Finally, KeyCorp reissued a hold rating on shares of Welltower in a research note on Tuesday, October 17th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $73.07.
Welltower (NYSE HCN) traded down $0.12 during trading hours on Monday, reaching $66.29. The company had a trading volume of 1,906,600 shares, compared to its average volume of 1,779,181. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.79. The firm has a market cap of $24,591.73, a price-to-earnings ratio of 15.48, a P/E/G ratio of 4.47 and a beta of 0.25. Welltower has a twelve month low of $63.05 and a twelve month high of $78.17.
Welltower (NYSE:HCN) last announced its earnings results on Tuesday, November 7th. The real estate investment trust reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.03. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.06 billion. Welltower had a return on equity of 7.45% and a net margin of 22.67%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.16 EPS. sell-side analysts forecast that Welltower will post 4.24 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Tuesday, November 7th were given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date was Monday, November 6th. Welltower’s dividend payout ratio (DPR) is presently 140.32%.
In other Welltower news, Director Gary Whitelaw purchased 1,420 shares of the stock in a transaction dated Tuesday, November 21st. The shares were acquired at an average price of $68.39 per share, for a total transaction of $97,113.80. Following the completion of the acquisition, the director now owns 1,420 shares of the company’s stock, valued at approximately $97,113.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.19% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of HCN. Spectrum Management Group Inc. purchased a new position in Welltower in the third quarter valued at about $100,000. Wealthcare Advisory Partners LLC purchased a new position in Welltower in the third quarter valued at about $101,000. Bessemer Group Inc. grew its stake in Welltower by 97.6% in the second quarter. Bessemer Group Inc. now owns 1,413 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 698 shares in the last quarter. San Francisco Sentry Investment Group CA grew its stake in Welltower by 1,048.5% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,539 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 1,405 shares in the last quarter. Finally, Hudock Capital Group LLC grew its stake in Welltower by 543.7% in the third quarter. Hudock Capital Group LLC now owns 2,002 shares of the real estate investment trust’s stock valued at $140,000 after purchasing an additional 1,691 shares in the last quarter. Institutional investors and hedge funds own 86.67% of the company’s stock.
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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