Welltower Inc (NYSE:HCN) – Analysts at Capital One Financial cut their FY2017 EPS estimates for Welltower in a research report issued on Wednesday. Capital One Financial analyst D. Bernstein now forecasts that the real estate investment trust will earn $4.22 per share for the year, down from their previous forecast of $4.29. Capital One Financial has a “Overweight” rating on the stock. Capital One Financial also issued estimates for Welltower’s Q4 2017 earnings at $1.03 EPS, Q1 2018 earnings at $1.01 EPS, Q2 2018 earnings at $1.03 EPS, Q3 2018 earnings at $1.02 EPS, Q4 2018 earnings at $1.03 EPS, FY2018 earnings at $4.09 EPS, Q1 2019 earnings at $1.03 EPS, Q2 2019 earnings at $1.06 EPS and FY2019 earnings at $4.21 EPS.
Several other equities analysts have also weighed in on HCN. KeyCorp restated a “hold” rating on shares of Welltower in a report on Tuesday, October 17th. Stifel Nicolaus cut their price objective 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. Mizuho restated a “hold” rating and issued a $67.00 price objective on shares of Welltower in a report on Monday, December 11th. Zacks Investment Research lowered shares of Welltower from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Finally, Stephens set a $70.00 price objective on shares of Welltower and gave the company a “buy” rating in a report on Friday, January 12th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. Welltower has an average rating of “Hold” and an average price target of $71.62.
Hedge funds have recently modified their holdings of the company. Spectrum Management Group Inc. bought a new stake in shares of Welltower during the third quarter worth $100,000. Wealthcare Advisory Partners LLC bought a new stake in shares of Welltower during the third quarter worth $101,000. San Francisco Sentry Investment Group CA increased its position in shares of 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 acquiring an additional 1,405 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in shares of Welltower during the fourth quarter worth $105,000. Finally, FTB Advisors Inc. increased its position in shares of Welltower by 547.2% during the fourth quarter. FTB Advisors Inc. now owns 1,825 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 1,543 shares in the last quarter. 86.55% of the stock is owned by institutional investors.
In other news, Director Gary Whitelaw bought 1,420 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were bought at an average cost 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 in the company, valued at approximately $97,113.80. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.19% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Shareholders of record on Tuesday, February 13th will be issued a $0.87 dividend. The ex-dividend date is Monday, February 12th. This represents a $3.48 annualized dividend and a yield of 6.27%. Welltower’s dividend payout ratio (DPR) is presently 140.32%.
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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