Oregon Public Employees Retirement Fund continued to hold its stake in shares of Welltower Inc. (NYSE:HCN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,979 shares of the real estate investment trust’s stock at the end of the second quarter. Oregon Public Employees Retirement Fund’s holdings in Welltower were worth $2,843,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in 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 valued at $3,698,592,000 after buying an additional 1,304,013 shares in the last quarter. Morningstar Investment Services LLC purchased a new stake in shares of Welltower during the first quarter valued at about $65,890,000. Epoch Investment Partners Inc. increased its stake 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 valued at $398,975,000 after buying an additional 766,140 shares during the last quarter. Miller Howard Investments Inc. NY bought a new stake in Welltower during the first quarter valued at $34,512,000. Finally, Alliancebernstein L.P. increased its stake in 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 valued at $101,096,000 after buying an additional 471,717 shares in the last quarter. Institutional investors and hedge funds own 85.62% of the company’s stock.
Welltower Inc. (NYSE HCN) opened at 70.40 on Friday. The company’s 50 day moving average is $73.55 and its 200-day moving average is $71.18. The stock has a market cap of $25.97 billion, a PE 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 $78.71.
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, topping analysts’ consensus estimates of $1.05 by $0.01. Welltower had a return on equity of 8.74% and a net margin of 28.94%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. On average, equities analysts anticipate that Welltower Inc. will post $2.31 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Tuesday, August 8th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Friday, August 4th. This represents a $3.48 dividend on an annualized basis and a yield of 4.94%. Welltower’s dividend payout ratio is currently 108.41%.
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HCN has been the subject of several research analyst reports. Evercore ISI downgraded shares of Welltower from an “in-line” rating to an “underperform” rating in a research note on Monday, April 24th. Zacks Investment Research downgraded shares of Welltower from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $72.00 price target on shares of Welltower in a report on Wednesday, May 3rd. Canaccord Genuity reissued a “buy” rating and set a $86.00 price objective on shares of Welltower in a report on Friday, May 5th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $65.00 price objective on shares of Welltower in a report on Friday, May 12th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. Welltower has an average rating of “Hold” and a consensus price target of $72.77.
Welltower Company Profile
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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