Welltower Inc. (HCN) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Welltower Inc. (NYSE:HCN) have been assigned a consensus rating of “Hold” from the twenty brokerages that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $74.15.
Several brokerages have weighed in on HCN. Canaccord Genuity reiterated a “buy” rating and issued a $86.00 price objective on shares of Welltower in a research report on Monday, May 15th. Royal Bank Of Canada reiterated a “hold” rating and issued a $72.00 price objective on shares of Welltower in a research report on Monday, June 5th. BMO Capital Markets reiterated a “sell” rating and issued a $68.00 price objective on shares of Welltower in a research report on Friday, July 28th. BidaskClub downgraded Welltower from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $65.00 price objective on shares of Welltower in a research report on Friday, May 12th.
Shares of Welltower (NYSE:HCN) traded down 0.28% on Friday, reaching $70.40. 1,346,528 shares of the company were exchanged. The firm has a market capitalization of $25.97 billion, a PE ratio of 21.92 and a beta of 0.23. The stock’s 50-day moving average is $73.75 and its 200 day moving average is $71.17. Welltower has a 12-month low of $59.39 and a 12-month high of $79.42.
Welltower (NYSE:HCN) last released its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.01. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. Welltower had a return on equity of 8.74% and a net margin of 28.94%. During the same quarter in the previous year, the company posted $0.54 EPS. On average, analysts forecast that Welltower will post $2.31 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Tuesday, August 8th will be paid a $0.87 dividend. The ex-dividend date is Friday, August 4th. This represents a $3.48 annualized dividend and a yield of 4.94%. Welltower’s payout ratio is 108.41%.
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Large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of 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 valued at $3,932,976,000 after buying an additional 319,528 shares during the last quarter. Principal Financial Group Inc. boosted 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 buying an additional 62,933 shares in the last quarter. Cbre Clarion Securities LLC boosted 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 buying an additional 492,882 shares in the last quarter. Northern Trust Corp boosted 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 buying an additional 424,319 shares in the last quarter. Finally, Epoch Investment Partners Inc. boosted its stake in Welltower by 15.7% in the first quarter. Epoch Investment Partners Inc. now owns 5,633,662 shares of the real estate investment trust’s stock worth $398,975,000 after buying an additional 766,140 shares in the last quarter. 85.62% of the stock is currently 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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