Welltower Inc (HCN) had declared a cash dividend of $0.8700 on Jan 26, 2017. The shares will quote ex-dividend on Feb 3, 2017 and the record date has been fixed for Feb 7, 2017. Based on Feb 3, 2017 share price, the yield comes out to be 5.24%. The dividend payable date has been fixed on Feb 21, 2017.
In a different note, On Jan 19, 2017, SunTrust Robinson Humphrey said it Downgrades its rating on Welltower Inc. The shares have been rated ‘Hold’ by the firm. On Dec 13, 2016, Wells Fargo said it Downgrades its rating on Welltower Inc. The shares have been rated ‘Market Perform’ by the firm.
Welltower Inc (HCN) shares turned negative on Tuesdays trading session with the shares closing down -0.3 points or -0.45% at a volume of 14,06,851. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $66.67. The peak price level was also seen at $66.67 while the days lowest was $65.78. Finally the shares closed at $65.87. The 52-week high of the shares is $80.19 while the 52-week low is $52.8. According to the latest information available, the market cap of the company is $23,880 M.
Welltower Inc(HCN) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.08B. Analysts had an estimated revenue of $1.04B. Earnings per share were $1.15. Analysts had estimated an EPS of $1.14.
Several Insider Transactions has been reported to the SEC. On Nov 14, 2016, Timothy J Naughton (director) purchased 2,000 shares at $60.69 per share price.Also, On Oct 4, 2016, Scott A Estes (EVP and CFO) sold 3,192 shares at $74.11 per share price.On Sep 8, 2016, Jeffrey H Miller (EVP-COO) sold 24,777 shares at $78.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Welltower Inc. formerly Health Care REIT Inc. is a real estate investment trust (REIT). The Company’s portfolio has range of seniors housing and healthcare real estate including seniors housing communities nursing/post-acute facilities medical office buildings inpatient and outpatient medical centers and life science facilities. The Company operates in three segments: seniors housing triple-net seniors housing operating and medical facilities. Its properties consist of land building improvements and related rights. The Company’s hospitals and seniors housing triple-net properties are leased to operators under long-term operating leases. Its medical office building portfolio is primarily self-managed and consists principally of multi-tenant properties leased to health care providers.