Welltower Inc (NYSE:HCN) has received a consensus recommendation of “Hold” from the twenty analysts that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $67.46.
Several analysts recently weighed in on HCN shares. Royal Bank of Canada set a $62.00 price target on Welltower and gave the stock a “hold” rating in a report on Monday. BMO Capital Markets reissued a “sell” rating and set a $57.00 price target on shares of Welltower in a report on Thursday, February 22nd. Stifel Nicolaus reissued a “buy” rating and set a $60.00 price target (down from $74.00) on shares of Welltower in a report on Friday. SunTrust Banks set a $58.00 price target on Welltower and gave the stock a “hold” rating in a report on Friday. Finally, Citigroup dropped their price target on Welltower from $67.00 to $54.00 and set a “neutral” rating for the company in a report on Tuesday.
Shares of Welltower (NYSE:HCN) traded down $2.18 during midday trading on Tuesday, hitting $52.22. The stock had a trading volume of 3,190,249 shares, compared to its average volume of 2,960,812. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.85 and a quick ratio of 1.76. Welltower has a one year low of $52.22 and a one year high of $78.17. The company has a market cap of $20,151.11, a P/E ratio of 41.12, a P/E/G ratio of 3.95 and a beta of 0.17.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Tuesday, February 13th were issued a $0.87 dividend. The ex-dividend date of this dividend was Monday, February 12th. This represents a $3.48 annualized dividend and a yield of 6.66%. Welltower’s dividend payout ratio is presently 274.02%.
Hedge funds and other institutional investors have recently made changes to their positions in the business. First Heartland Consultants Inc. raised its holdings in Welltower by 33.5% in the 3rd quarter. First Heartland Consultants Inc. now owns 7,595 shares of the real estate investment trust’s stock valued at $534,000 after acquiring an additional 1,905 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Welltower by 6.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,544,275 shares of the real estate investment trust’s stock valued at $226,019,000 after acquiring an additional 214,622 shares in the last quarter. Cohen & Steers Inc. acquired a new position in Welltower in the 3rd quarter valued at $125,329,000. GSA Capital Partners LLP acquired a new position in Welltower in the 3rd quarter valued at $426,000. Finally, Cubist Systematic Strategies LLC raised its holdings in Welltower by 355.5% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 16,867 shares of the real estate investment trust’s stock valued at $1,185,000 after acquiring an additional 13,164 shares in the last quarter. 85.94% of the stock is owned by hedge funds and other institutional investors.
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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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