Welltower’s (HCN) “Hold” Rating Reiterated at Mizuho
Mizuho restated their hold rating on shares of Welltower (NYSE:HCN) in a research note published on Monday morning. The brokerage currently has a $67.00 target price on the real estate investment trust’s stock.
Other analysts also recently issued reports about the company. Stifel Nicolaus lowered their price objective on Welltower from $75.00 to $74.00 and set a buy rating for the company in a research note on Friday, November 3rd. Royal Bank of Canada reissued a hold rating and issued a $74.00 price objective on shares of Welltower in a research note on Tuesday, October 10th. Capital One Financial raised Welltower from an equal weight rating to an overweight rating in a research note on Wednesday, November 8th. Bank of America lowered Welltower to a neutral rating and reduced their target price for the company from $78.00 to $77.00 in a report on Friday, September 22nd. Finally, UBS reduced their target price on Welltower from $71.00 to $69.00 and set a neutral rating for the company in a report on Monday, October 2nd. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $73.07.
Shares of Welltower (HCN) traded up $0.29 during trading on Monday, hitting $66.41. The stock had a trading volume of 2,331,100 shares, compared to its average volume of 1,778,650. The stock has a market capitalization of $24,480.58, a P/E ratio of 15.41, a PEG ratio of 4.45 and a beta of 0.25. Welltower has a 12-month low of $63.05 and a 12-month high of $78.17. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.79.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Tuesday, November 7th were issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 5.24%. The ex-dividend date was Monday, November 6th. Welltower’s dividend payout ratio is presently 140.32%.
In other news, Director Gary Whitelaw acquired 1,420 shares of Welltower stock in a transaction on Tuesday, November 21st. The stock was acquired at an average cost of $68.39 per share, with a total value of $97,113.80. Following the completion of the acquisition, the director now owns 1,420 shares in the company, valued at $97,113.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.19% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Bessemer Group Inc. grew 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 valued at $106,000 after purchasing an additional 698 shares during the period. Spectrum Management Group Inc. bought a new position in Welltower during the third quarter valued at $100,000. Wealthcare Advisory Partners LLC bought a new position in Welltower during the third quarter valued at $101,000. San Francisco Sentry Investment Group CA grew 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 valued at $108,000 after purchasing an additional 1,405 shares during the period. Finally, Hudock Capital Group LLC grew 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 during the period. 86.67% of the stock is owned by institutional investors and hedge funds.
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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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