BMO Capital Markets reissued 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 brokerages have also recently issued reports on HCN. BidaskClub upgraded Welltower from a hold rating to a buy rating in a research note on Wednesday, June 21st. Mizuho reiterated a neutral rating on shares of Welltower in a research note on Wednesday, June 28th. Evercore ISI cut Welltower from an in-line rating to an underperform rating in a research note on Monday, April 24th. Royal Bank Of Canada reiterated a hold rating and issued a $72.00 price objective on shares of Welltower in a research note on Monday, June 5th. Finally, Zacks Investment Research cut Welltower from a hold rating to a sell rating in a research note on Tuesday, April 25th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $73.29.
Shares of Welltower (NYSE:HCN) traded up 0.38% on Friday, hitting $73.07. The stock had a trading volume of 1,365,187 shares. Welltower has a 12-month low of $59.39 and a 12-month high of $80.19. The firm has a market cap of $26.76 billion, a price-to-earnings ratio of 22.51 and a beta of 0.24. The stock has a 50 day moving average of $74.55 and a 200 day moving average of $70.85.
Welltower (NYSE:HCN) last announced its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.01. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Welltower had a return on equity of 8.94% and a net margin of 29.10%. During the same period last year, the firm earned $0.54 earnings per share. Equities analysts predict that Welltower will post $2.21 earnings per share for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Tuesday, August 8th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 4.76%. The ex-dividend date is Friday, August 4th. Welltower’s payout ratio is 107.41%.
Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Welltower by 2.6% in the first quarter. Vanguard Group Inc. now owns 52,225,248 shares of the real estate investment trust’s stock valued at $3,698,592,000 after buying an additional 1,304,013 shares during the last quarter. Morningstar Investment Services LLC purchased a new position in shares of Welltower during the first quarter valued at about $65,890,000. Epoch Investment Partners Inc. raised its position in shares of 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 valued at $398,975,000 after buying an additional 766,140 shares during the last quarter. Miller Howard Investments Inc. NY purchased a new position in shares of Welltower during the first quarter valued at about $34,512,000. Finally, Alliancebernstein L.P. raised its position in shares of Welltower by 49.4% in the first quarter. Alliancebernstein L.P. now owns 1,427,505 shares of the real estate investment trust’s stock valued at $101,096,000 after buying an additional 471,717 shares during the last quarter. 86.34% of the stock is currently owned by institutional investors.
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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