Shares of Welltower Inc. (NYSE:HCN) have been given an average recommendation of “Hold” by the nineteen ratings firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $73.23.
A number of brokerages have commented on HCN. Jefferies Group LLC reiterated a “hold” rating and set a $72.00 price target on shares of Welltower in a research report on Tuesday, October 3rd. Royal Bank Of Canada reiterated a “hold” rating and set a $74.00 price target on shares of Welltower in a research report on Tuesday, October 10th. BMO Capital Markets reiterated a “sell” rating and set a $68.00 price target on shares of Welltower in a research report on Friday, July 28th. Capital One Financial Corporation began coverage on shares of Welltower in a research report on Monday, September 25th. They set an “equal weight” rating and a $74.00 price target on the stock. Finally, UBS AG reduced their price target on shares of Welltower from $71.00 to $69.00 and set a “neutral” rating on the stock in a research report on Monday, October 2nd.
Welltower (NYSE HCN) traded up 0.07% during midday trading on Wednesday, reaching $67.21. 1,276,506 shares of the company traded hands. The stock’s 50 day moving average is $69.93 and its 200 day moving average is $72.21. The company has a market capitalization of $24.79 billion, a price-to-earnings ratio of 20.93 and a beta of 0.24. Welltower has a one year low of $59.39 and a one year high of $78.17.
Welltower (NYSE:HCN) last issued its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.01. Welltower had a net margin of 28.94% and a return on equity of 8.74%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the business earned $0.54 earnings per share. On average, equities analysts anticipate that Welltower will post $2.31 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Tuesday, November 7th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 5.18%. The ex-dividend date of this dividend is Monday, November 6th. Welltower’s payout ratio is 108.41%.
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A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Welltower by 0.6% in the second quarter. Vanguard Group Inc. now owns 52,544,776 shares of the real estate investment trust’s stock worth $3,932,976,000 after acquiring an additional 319,528 shares during the period. Principal Financial Group Inc. lifted its stake in Welltower by 1.0% in the second quarter. Principal Financial Group Inc. now owns 6,554,573 shares of the real estate investment trust’s stock worth $490,611,000 after acquiring an additional 62,933 shares during the period. Cbre Clarion Securities LLC lifted its stake in Welltower by 8.3% in the second quarter. Cbre Clarion Securities LLC now owns 6,401,420 shares of the real estate investment trust’s stock worth $479,146,000 after acquiring an additional 492,882 shares during the period. Northern Trust Corp lifted its stake in Welltower by 7.4% in the second quarter. Northern Trust Corp now owns 6,122,277 shares of the real estate investment trust’s stock worth $458,253,000 after acquiring an additional 424,319 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Welltower by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 5,049,959 shares of the real estate investment trust’s stock worth $377,988,000 after acquiring an additional 133,980 shares during the period. 86.60% of the stock is owned by institutional investors.
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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