Telemus Capital LLC Has $305,000 Position in Welltower Inc. (HCN)

Telemus Capital LLC maintained its position in shares of Welltower Inc. (NYSE:HCN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,080 shares of the real estate investment trust’s stock at the end of the second quarter. Telemus Capital LLC’s holdings in Welltower were worth $305,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Welltower by 2.6% in the first quarter. Vanguard Group Inc. now owns 52,225,248 shares of the real estate investment trust’s stock worth $3,698,592,000 after buying an additional 1,304,013 shares during the last quarter. Morningstar Investment Services LLC bought a new position in shares of Welltower during the first quarter worth approximately $65,890,000. Epoch Investment Partners Inc. increased its position in shares of Welltower by 15.7% in the first quarter. Epoch Investment Partners Inc. now owns 5,633,662 shares of the real estate investment trust’s stock worth $398,975,000 after buying an additional 766,140 shares during the last quarter. Miller Howard Investments Inc. NY bought a new position in shares of Welltower during the first quarter worth approximately $34,512,000. Finally, Alliancebernstein L.P. increased its position in shares of Welltower by 49.4% in the first quarter. Alliancebernstein L.P. now owns 1,427,505 shares of the real estate investment trust’s stock worth $101,096,000 after buying an additional 471,717 shares during the last quarter. 85.15% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Welltower Inc. (NYSE HCN) traded down 1.25% during mid-day trading on Thursday, hitting $71.10. 1,368,474 shares of the stock were exchanged. Welltower Inc. has a 12-month low of $59.39 and a 12-month high of $78.19. The company has a market capitalization of $26.23 billion, a PE ratio of 22.14 and a beta of 0.23. The firm has a 50-day moving average price of $72.92 and a 200 day moving average price of $71.33.

Welltower (NYSE:HCN) last released its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, beating the consensus estimate of $1.05 by $0.01. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. Welltower had a return on equity of 8.74% and a net margin of 28.94%. During the same quarter in the prior year, the firm posted $0.54 EPS. On average, equities research analysts expect that Welltower Inc. will post $2.31 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Tuesday, August 8th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 4.89%. The ex-dividend date of this dividend is Friday, August 4th. Welltower’s payout ratio is presently 108.41%.

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A number of research analysts recently commented on HCN shares. Evercore ISI downgraded shares of Welltower from an “in-line” rating to an “underperform” rating in a research report on Monday, April 24th. BidaskClub raised shares of Welltower from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Canaccord Genuity reaffirmed a “buy” rating and set a $86.00 price objective on shares of Welltower in a research report on Monday, May 15th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $72.00 price objective on shares of Welltower in a research report on Monday, June 5th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $65.00 price objective on shares of Welltower in a research report on Friday, May 12th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $72.77.

About Welltower

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.