Janney Capital Management LLC lowered its position in Welltower Inc. (NYSE:HCN) by 2.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 307,348 shares of the real estate investment trust’s stock after selling 6,767 shares during the period. Welltower accounts for about 1.1% of Janney Capital Management LLC’s portfolio, making the stock its 25th largest position. Janney Capital Management LLC owned about 0.08% of Welltower worth $23,005,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the company. Harbour Capital Advisors LLC increased its position in Welltower by 7,385.0% in the second quarter. Harbour Capital Advisors LLC now owns 11,452 shares of the real estate investment trust’s stock worth $153,000 after buying an additional 11,299 shares during the last quarter. IBM Retirement Fund increased its position in Welltower by 124.6% in the second quarter. IBM Retirement Fund now owns 8,962 shares of the real estate investment trust’s stock worth $750,000 after buying an additional 4,972 shares during the last quarter. Sumitomo Life Insurance Co. increased its position in Welltower by 4.4% in the second quarter. Sumitomo Life Insurance Co. now owns 12,414 shares of the real estate investment trust’s stock worth $929,000 after buying an additional 523 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in Welltower by 66.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 19,470 shares of the real estate investment trust’s stock worth $1,458,000 after buying an additional 7,770 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its position in Welltower by 60.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,903 shares of the real estate investment trust’s stock worth $217,000 after buying an additional 1,090 shares during the last quarter. 85.62% of the stock is owned by institutional investors.
Welltower Inc. (HCN) traded down 0.28% during midday trading on Friday, reaching $70.40. 1,346,528 shares of the company’s stock traded hands. The company has a market cap of $25.97 billion, a P/E ratio of 21.92 and a beta of 0.23. Welltower Inc. has a 52-week low of $59.39 and a 52-week high of $79.42. The stock has a 50-day moving average of $73.75 and a 200 day moving average of $71.17.
Welltower (NYSE:HCN) last posted its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.01. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Welltower had a net margin of 28.94% and a return on equity of 8.74%. During the same quarter in the prior year, the business earned $0.54 earnings per share. On average, analysts anticipate that Welltower Inc. will post $2.31 earnings per share for the current fiscal year.
The business also recently announced 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. The ex-dividend date is Friday, August 4th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.94%. Welltower’s dividend payout ratio (DPR) is currently 108.41%.
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A number of research firms have recently commented on HCN. BMO Capital Markets reaffirmed a “sell” rating and set a $68.00 price objective on shares of Welltower in a report on Friday, July 28th. BidaskClub downgraded shares of Welltower from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Mizuho reaffirmed a “neutral” rating on shares of Welltower in a report on Wednesday, June 28th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $72.00 price objective on shares of Welltower in a report on Monday, June 5th. Finally, Canaccord Genuity reissued a “buy” rating and set a $86.00 price target on shares of Welltower in a report on Monday, May 15th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. Welltower has an average rating of “Hold” and a consensus price target of $73.29.
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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