Blair William & Co. IL boosted its stake in shares of Welltower Inc. (NYSE:HCN) by 8.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,962 shares of the real estate investment trust’s stock after buying an additional 3,237 shares during the period. Blair William & Co. IL’s holdings in Welltower were worth $3,216,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of HCN. Welch & Forbes LLC increased its stake in Welltower by 0.5% in the first quarter. Welch & Forbes LLC now owns 3,070 shares of the real estate investment trust’s stock valued at $217,000 after buying an additional 15 shares during the last quarter. Smith Moore & CO. increased its stake in Welltower by 0.5% in the first quarter. Smith Moore & CO. now owns 4,005 shares of the real estate investment trust’s stock valued at $284,000 after buying an additional 19 shares during the last quarter. Farmers & Merchants Investments Inc. increased its stake in Welltower by 0.6% in the second quarter. Farmers & Merchants Investments Inc. now owns 5,030 shares of the real estate investment trust’s stock valued at $376,000 after buying an additional 30 shares during the last quarter. First Heartland Consultants Inc. increased its stake in Welltower by 0.6% in the second quarter. First Heartland Consultants Inc. now owns 5,690 shares of the real estate investment trust’s stock valued at $426,000 after buying an additional 33 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in Welltower by 0.9% in the first quarter. Mackenzie Financial Corp now owns 4,469 shares of the real estate investment trust’s stock valued at $316,000 after buying an additional 38 shares during the last quarter. 85.15% of the stock is owned by institutional investors and hedge funds.
Shares of Welltower Inc. (HCN) opened at 71.58 on Thursday. The company’s 50 day moving average price is $72.56 and its 200 day moving average price is $71.52. Welltower Inc. has a one year low of $59.39 and a one year high of $78.19. The firm has a market capitalization of $26.40 billion, a P/E ratio of 22.29 and a beta of 0.23.
Welltower (NYSE:HCN) last announced its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.01. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. Welltower had a return on equity of 8.74% and a net margin of 28.94%. During the same period last year, the company earned $0.54 EPS. On average, analysts expect that Welltower Inc. will post $2.30 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Tuesday, August 8th were given a $0.87 dividend. The ex-dividend date was Friday, August 4th. This represents a $3.48 dividend on an annualized basis and a yield of 4.86%. Welltower’s payout ratio is 108.41%.
Several research firms have recently weighed in on HCN. Canaccord Genuity reissued a “buy” rating and issued a $86.00 price objective on shares of Welltower in a report on Monday, May 15th. BMO Capital Markets reissued a “sell” rating and issued a $68.00 price objective on shares of Welltower in a report on Friday, July 28th. BidaskClub downgraded Welltower from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Jefferies Group LLC reissued a “hold” rating and issued a $65.00 price objective on shares of Welltower in a report on Friday, May 12th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $72.00 price objective on shares of Welltower in a report on Monday, June 5th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $72.58.
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.
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