Gary Whitelaw Buys 1,420 Shares of Welltower Inc. (HCN) Stock
Welltower Inc. (NYSE:HCN) Director Gary Whitelaw bought 1,420 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was purchased 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 SEC, which is accessible through the SEC website.
Shares of Welltower Inc. (NYSE:HCN) traded up $0.09 during mid-day trading on Friday, hitting $68.26. 462,210 shares of the stock traded hands, compared to its average volume of 1,758,071. 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 Inc. has a 52 week low of $61.08 and a 52 week high of $78.17. The company has a market capitalization of $25,247.22, a P/E ratio of 15.89, a price-to-earnings-growth ratio of 4.59 and a beta of 0.24.
Welltower (NYSE:HCN) last issued its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.03. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.06 billion. Welltower had a net margin of 22.67% and a return on equity of 7.45%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.16 earnings per share. sell-side analysts predict that Welltower Inc. will post 4.24 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Tuesday, November 7th were given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 5.10%. The ex-dividend date of this dividend was Monday, November 6th. Welltower’s dividend payout ratio (DPR) is currently 140.32%.
Institutional investors have recently added to or reduced their stakes in the stock. Kelman Lazarov Inc. grew its position in Welltower by 0.4% in the second quarter. Kelman Lazarov Inc. now owns 13,325 shares of the real estate investment trust’s stock valued at $997,000 after purchasing an additional 50 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Welltower by 1.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 219,738 shares of the real estate investment trust’s stock worth $16,448,000 after buying an additional 3,215 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Welltower during the 2nd quarter worth $1,332,000. Swiss National Bank grew its position in shares of Welltower by 2.7% during the 2nd quarter. Swiss National Bank now owns 1,552,966 shares of the real estate investment trust’s stock worth $116,240,000 after buying an additional 40,200 shares in the last quarter. Finally, Intl Fcstone Inc. bought a new position in shares of Welltower during the 2nd quarter worth $655,000. 86.34% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have weighed in on HCN shares. Stifel Nicolaus cut their target price on shares of Welltower from $75.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. Capital One Financial Corporation assumed coverage on shares of Welltower in a research report on Monday, September 25th. They set an “equal weight” rating and a $74.00 price objective for the company. Royal Bank Of Canada reissued a “hold” rating and set a $74.00 price objective on shares of Welltower in a research report on Wednesday, September 6th. KeyCorp reissued a “hold” rating on shares of Welltower in a research report on Tuesday, October 17th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $72.00 price objective on shares of Welltower in a research report on Tuesday, October 3rd. 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’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $72.71.
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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