Timothy J. Naughton Buys 2,000 Shares of Welltower Inc. (HCN) Stock
Welltower Inc. (NYSE:HCN) Director Timothy J. Naughton purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The shares were purchased at an average price of $60.69 per share, for a total transaction of $121,380.00. Following the completion of the acquisition, the director now directly owns 9,158 shares in the company, valued at approximately $555,799.02. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Welltower Inc. (NYSE:HCN) opened at 62.76 on Wednesday. The stock has a market cap of $22.75 billion, a PE ratio of 27.68 and a beta of 0.25. The firm has a 50 day moving average of $69.71 and a 200-day moving average of $73.19. Welltower Inc. has a 12-month low of $52.80 and a 12-month high of $80.19.
Welltower (NYSE:HCN) last announced its quarterly earnings results on Wednesday, November 2nd. The real estate investment trust reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.01. Welltower had a net margin of 20.74% and a return on equity of 6.37%. The business earned $1.08 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the business earned $1.12 earnings per share. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, analysts expect that Welltower Inc. will post $4.54 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 21st. Shareholders of record on Tuesday, November 8th will be given a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date of this dividend is Friday, November 4th. Welltower’s dividend payout ratio is presently 152.21%.
Several equities analysts recently commented on HCN shares. Wells Fargo & Co. reiterated a “buy” rating on shares of Welltower in a report on Sunday, September 4th. BTIG Research started coverage on shares of Welltower in a report on Thursday, August 25th. They set a “neutral” rating on the stock. Canaccord Genuity reiterated a “buy” rating and set a $86.00 price target on shares of Welltower in a report on Tuesday, September 13th. BMO Capital Markets restated a “sell” rating and issued a $70.00 target price on shares of Welltower in a research note on Wednesday, November 2nd. Finally, Mizuho dropped their target price on shares of Welltower from $75.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 3rd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $73.06.
Several large investors have recently made changes to their positions in HCN. Washington Trust Bank boosted its position in shares of Welltower by 11.1% in the second quarter. Washington Trust Bank now owns 1,498 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 150 shares during the period. Hartford Financial Management Inc. acquired a new position in shares of Welltower during the third quarter worth $119,000. Advisory Services Network LLC boosted its position in shares of Welltower by 80.9% in the third quarter. Advisory Services Network LLC now owns 1,690 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 756 shares during the period. Pennsylvania Trust Co acquired a new position in shares of Welltower during the second quarter worth $202,000. Finally, Sawtooth Asset Management Inc. acquired a new position in shares of Welltower during the second quarter worth $205,000. Institutional investors and hedge funds own 88.01% of the company’s stock.
Welltower Company Profile
Welltower Inc, formerly Health Care REIT, Inc, is a provider of healthcare infrastructure. The Company operates through three segments: triple-net, which includes independent living facilities, independent supportive living facilities (Canada), continuing care retirement communities, assisted living facilities, care homes with and without nursing (United Kingdom), Alzheimer’s/dementia care facilities, long-term/post-acute care facilities and hospitals; seniors housing operating, which includes a range of facility types, including independent living facilities and independent supportive living facilities, assisted living facilities, care homes and Alzheimer’s/dementia care facilities, and outpatient medical, which includes outpatient medical buildings.
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