Investors Buy Shares of Welltower (HCN) on Weakness

Traders purchased shares of Welltower Inc. (NYSE:HCN) on weakness during trading hours on Thursday. $48.04 million flowed into the stock on the tick-up and $23.67 million flowed out of the stock on the tick-down, for a money net flow of $24.37 million into the stock. Of all companies tracked, Welltower had the 16th highest net in-flow for the day. Welltower traded down ($0.10) for the day and closed at $66.19

HCN has been the subject of a number of research analyst reports. Bank of America lowered Welltower to a “neutral” rating and reduced their target price for the stock from $78.00 to $77.00 in a report on Friday, September 22nd. Jefferies Group reissued a “hold” rating and issued a $72.00 target price on shares of Welltower in a report on Tuesday, October 3rd. Royal Bank Of Canada reissued a “hold” rating and issued a $74.00 target price on shares of Welltower in a report on Wednesday, September 6th. 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. Finally, Capital One Financial initiated coverage on Welltower in a report on Monday, September 25th. They issued an “equal weight” rating and a $74.00 target price for the company. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $72.71.

The stock has a market capitalization of $24,487.99, a P/E ratio of 15.41, a PEG ratio of 4.45 and a beta of 0.25. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.76.

Welltower (NYSE:HCN) last released its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.03. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.06 billion. Welltower had a return on equity of 7.45% and a net margin of 22.67%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period last year, the business posted $1.16 EPS. analysts expect that Welltower Inc. will post 4.24 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Tuesday, November 7th were paid a $0.87 dividend. The ex-dividend date was Monday, November 6th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.26%. Welltower’s dividend payout ratio (DPR) is currently 140.32%.

In other news, Director Gary Whitelaw purchased 1,420 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were purchased at an average cost of $68.39 per share, for a total transaction of $97,113.80. Following the purchase, the director now directly owns 1,420 shares in the company, valued at approximately $97,113.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.19% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its position 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 in the last quarter. Spectrum Management Group Inc. purchased a new position in Welltower during the third quarter valued at $100,000. Wealthcare Advisory Partners LLC purchased a new position in Welltower during the third quarter valued at $101,000. San Francisco Sentry Investment Group CA lifted its position 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 in the last quarter. Finally, Hudock Capital Group LLC lifted its position 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 in the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

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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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