Welltower Inc. (HCN) Receives Average Recommendation of “Hold” from Brokerages
Shares of Welltower Inc. (NYSE:HCN) have been given an average rating of “Hold” by the seventeen research firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $73.00.
Several brokerages have recently weighed in on HCN. Mizuho reaffirmed a “hold” rating and issued a $67.00 price target on shares of Welltower in a research report on Monday. Royal Bank of Canada reissued a “hold” rating and set a $74.00 target price on shares of Welltower in a research report on Tuesday, October 10th. Jefferies Group reissued a “hold” rating and set a $72.00 target price on shares of Welltower in a research report on Tuesday, October 3rd. Capital One Financial began coverage on shares of Welltower in a research report on Monday, September 25th. They set an “equal weight” rating and a $74.00 target price for the company. Finally, UBS decreased their target price on shares of Welltower from $71.00 to $69.00 and set a “neutral” rating for the company in a research report on Monday, October 2nd.
Welltower (NYSE:HCN) traded down $0.12 during trading on Thursday, reaching $66.29. 1,906,611 shares of the company’s stock traded hands, compared to its average volume of 1,779,181. The stock has a market cap of $24,530.00, a PE ratio of 15.41, a price-to-earnings-growth ratio of 4.45 and a beta of 0.25. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.76 and a current ratio of 1.76. Welltower has a 12 month low of $63.05 and a 12 month high of $78.17.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Tuesday, November 7th were paid a $0.87 dividend. The ex-dividend date was Monday, November 6th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.25%. Welltower’s payout ratio is currently 305.26%.
In other Welltower news, Director Gary Whitelaw acquired 1,420 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were purchased at an average price of $68.39 per share, for a total transaction of $97,113.80. Following the completion of the purchase, the director now directly owns 1,420 shares of the company’s stock, valued at $97,113.80. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.19% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in HCN. Spectrum Management Group Inc. purchased a new stake in Welltower during the third quarter worth $100,000. Wealthcare Advisory Partners LLC purchased a new stake in Welltower during the third quarter worth $101,000. Bessemer Group Inc. boosted its holdings 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 in the last quarter. San Francisco Sentry Investment Group CA boosted its holdings in Welltower by 1,048.5% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,539 shares of the real estate investment trust’s stock worth $108,000 after buying an additional 1,405 shares in the last quarter. Finally, Hudock Capital Group LLC lifted its holdings in Welltower by 543.7% during the third quarter. Hudock Capital Group LLC now owns 2,002 shares of the real estate investment trust’s stock valued at $140,000 after purchasing an additional 1,691 shares in the last quarter. 86.67% of the stock is currently owned by hedge funds and other institutional investors.
WARNING: This story was published by American Banking News and is owned by of American Banking News. If you are viewing this story on another site, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/12/14/welltower-inc-hcn-receives-average-recommendation-of-hold-from-brokerages.html.
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.
Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.