Vanguard Group Inc. Raises Holdings in Welltower Inc. (HCN)

Vanguard Group Inc. grew its position in Welltower Inc. (NYSE:HCN) by 0.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,544,776 shares of the real estate investment trust’s stock after buying an additional 319,528 shares during the quarter. Vanguard Group Inc. owned 14.24% of Welltower worth $3,932,976,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Green Street Investors LLC purchased a new stake in shares of Welltower in the 1st quarter worth $14,136,000. Financial Counselors Inc. lifted its holdings in shares of Welltower by 6.2% in the 1st quarter. Financial Counselors Inc. now owns 7,959 shares of the real estate investment trust’s stock worth $564,000 after buying an additional 468 shares during the period. Kelman Lazarov Inc. lifted its holdings in shares of Welltower by 0.4% in the 2nd quarter. Kelman Lazarov Inc. now owns 13,325 shares of the real estate investment trust’s stock worth $997,000 after buying an additional 50 shares during the period. Legal & General Group Plc lifted its holdings in shares of Welltower by 6.0% in the 1st quarter. Legal & General Group Plc now owns 2,582,755 shares of the real estate investment trust’s stock worth $182,908,000 after buying an additional 146,302 shares during the period. Finally, Swiss National Bank lifted its holdings in shares of Welltower by 2.7% in the 2nd quarter. Swiss National Bank now owns 1,552,966 shares of the real estate investment trust’s stock worth $116,240,000 after buying an additional 40,200 shares during the period. Institutional investors and hedge funds own 85.89% of the company’s stock.

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Welltower Inc. (NYSE:HCN) traded up 0.10% on Wednesday, hitting $73.50. The stock had a trading volume of 502,120 shares. The company has a market cap of $27.11 billion, a P/E ratio of 22.89 and a beta of 0.24. Welltower Inc. has a 52-week low of $59.39 and a 52-week high of $78.17. The firm’s 50-day moving average is $72.57 and its 200-day moving average is $72.34.

Welltower (NYSE:HCN) last released its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.01. The firm had revenue of $1.06 billion during 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 business posted $0.54 earnings per share. Equities research analysts anticipate that Welltower Inc. will post $2.29 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Tuesday, August 8th were issued 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 4.74%. Welltower’s dividend payout ratio (DPR) is presently 108.41%.

Several equities research analysts have weighed in on the company. BMO Capital Markets reiterated a “sell” rating and issued a $68.00 target price on shares of Welltower in a report on Friday, July 28th. BidaskClub cut Welltower from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Mizuho reiterated a “neutral” rating on shares of Welltower in a report on Wednesday, June 28th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $74.00 target price on shares of Welltower in a report on Wednesday, September 6th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. Welltower has an average rating of “Hold” and an average price target of $71.55.

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.

Institutional Ownership by Quarter for Welltower (NYSE:HCN)

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