BMO Capital Markets restated their sell rating on shares of Welltower Inc. (NYSE:HCN) in a research note released on Friday morning. BMO Capital Markets currently has a $68.00 price objective on the real estate investment trust’s stock.

Several other equities research analysts have also weighed in on HCN. BidaskClub lowered Welltower from a hold rating to a sell rating in a research note on Friday. Mizuho reiterated a neutral rating on shares of Welltower in a research note on Wednesday, June 28th. Zacks Investment Research lowered Welltower from a hold rating to a sell rating in a research note on Tuesday, April 25th. Royal Bank Of Canada reiterated a hold rating and issued a $72.00 price objective on shares of Welltower in a research note on Wednesday, May 3rd. Finally, Jefferies Group LLC reiterated a hold rating and issued a $65.00 price objective on shares of Welltower in a research note on Friday, May 12th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $73.29.

Shares of Welltower (HCN) opened at 73.39 on Friday. The company has a 50 day moving average price of $74.55 and a 200 day moving average price of $70.96. The company has a market cap of $27.07 billion, a P/E ratio of 22.86 and a beta of 0.24. Welltower has a one year low of $59.39 and a one year high of $79.57.

Welltower (NYSE:HCN) last released its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.01. Welltower had a return on equity of 8.74% and a net margin of 28.94%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the company posted $0.54 EPS. Equities research analysts expect that Welltower will post $2.21 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Tuesday, August 8th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 4.74%. The ex-dividend date of this dividend is Friday, August 4th. Welltower’s payout ratio is currently 108.41%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. National Pension Service increased its position in Welltower by 7.6% in the first quarter. National Pension Service now owns 305,974 shares of the real estate investment trust’s stock valued at $21,657,000 after buying an additional 21,672 shares in the last quarter. Gulf International Bank UK Ltd increased its position in Welltower by 1.0% in the first quarter. Gulf International Bank UK Ltd now owns 111,142 shares of the real estate investment trust’s stock valued at $7,871,000 after buying an additional 1,100 shares in the last quarter. Forte Capital LLC ADV increased its position in Welltower by 9.3% in the first quarter. Forte Capital LLC ADV now owns 7,945 shares of the real estate investment trust’s stock valued at $563,000 after buying an additional 675 shares in the last quarter. Raymond James Trust N.A. increased its position in Welltower by 3.8% in the first quarter. Raymond James Trust N.A. now owns 32,956 shares of the real estate investment trust’s stock valued at $2,334,000 after buying an additional 1,201 shares in the last quarter. Finally, Catawba Capital Management VA increased its position in Welltower by 1.0% in the first quarter. Catawba Capital Management VA now owns 46,894 shares of the real estate investment trust’s stock valued at $3,321,000 after buying an additional 455 shares in the last quarter. 86.36% of the stock is currently owned by hedge funds and other 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.

Analyst Recommendations for Welltower (NYSE:HCN)

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