Royal Bank Of Canada restated their hold rating on shares of Welltower Inc. (NYSE:HCN) in a research report report published on Wednesday morning. The brokerage currently has a $74.00 price target on the real estate investment trust’s stock.
A number of other analysts have also commented on HCN. Jefferies Group LLC restated a hold rating and issued a $65.00 price target on shares of Welltower in a report on Friday, May 12th. Canaccord Genuity restated a buy rating and issued a $86.00 price target on shares of Welltower in a report on Monday, May 15th. BidaskClub upgraded Welltower from a hold rating to a buy rating in a report on Wednesday, June 21st. Mizuho restated a neutral rating on shares of Welltower in a report on Wednesday, June 28th. Finally, BMO Capital Markets restated a sell rating and issued a $68.00 price target on shares of Welltower in a report on Friday, July 28th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $72.75.
Shares of Welltower (NYSE:HCN) traded up 0.92% on Wednesday, reaching $74.67. The company’s stock had a trading volume of 1,451,063 shares. The stock has a market cap of $27.54 billion, a PE ratio of 23.25 and a beta of 0.24. Welltower has a 1-year low of $59.39 and a 1-year high of $78.17. The company’s 50 day moving average is $72.34 and its 200-day moving average is $72.04.
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. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. Welltower had a return on equity of 8.74% and a net margin of 28.94%. During the same period in the previous year, the company posted $0.54 earnings per share. On average, equities analysts predict that Welltower will post $2.30 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Tuesday, August 8th were given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date was Friday, August 4th. Welltower’s dividend payout ratio is currently 108.41%.
Large investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. increased its position in Welltower by 97.6% during the second quarter. Bessemer Group Inc. now owns 1,413 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 698 shares during the last quarter. Trust Co. of Vermont increased its position in Welltower by 42.7% during the first quarter. Trust Co. of Vermont now owns 1,505 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 450 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Welltower by 13.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,813 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 212 shares during the last quarter. Advisory Services Network LLC acquired a new position in Welltower during the first quarter worth approximately $129,000. Finally, Harbour Capital Advisors LLC increased its position in Welltower by 7,385.0% during the second quarter. Harbour Capital Advisors LLC now owns 11,452 shares of the real estate investment trust’s stock worth $153,000 after buying an additional 11,299 shares during the last quarter. 86.00% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Welltower Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower Inc. and related companies with MarketBeat.com's FREE daily email newsletter.