Windward Capital Management Co. CA raised its stake in shares of Welltower Inc. (NYSE:HCN) by 6.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 11,366 shares of the real estate investment trust’s stock after buying an additional 705 shares during the period. Windward Capital Management Co. CA’s holdings in Welltower were worth $851,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Green Street Investors LLC purchased a new stake in shares of Welltower during the first quarter worth about $14,136,000. Sabal Trust CO raised its stake in shares of Welltower by 2.1% in the first quarter. Sabal Trust CO now owns 324,528 shares of the real estate investment trust’s stock worth $22,983,000 after buying an additional 6,592 shares in the last quarter. Financial Counselors Inc. raised its stake in shares of Welltower by 6.2% in the first 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 in the last quarter. Great West Life Assurance Co. Can raised its position in Welltower by 1.2% in the first quarter. Great West Life Assurance Co. Can now owns 504,586 shares of the real estate investment trust’s stock valued at $35,704,000 after buying an additional 6,063 shares during the period. Finally, Pensionfund Sabic raised its position in Welltower by 29.0% in the first quarter. Pensionfund Sabic now owns 22,247 shares of the real estate investment trust’s stock valued at $1,576,000 after buying an additional 5,000 shares during the period. Institutional investors and hedge funds own 85.62% of the company’s stock.
Shares of Welltower Inc. (HCN) opened at 70.40 on Friday. The company has a 50-day moving average price of $73.55 and a 200 day moving average price of $71.18. The company has a market capitalization of $25.97 billion, a P/E ratio of 21.92 and a beta of 0.23. Welltower Inc. has a 1-year low of $59.39 and a 1-year high of $78.71.
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, topping the Zacks’ consensus estimate of $1.05 by $0.01. Welltower had a return on equity of 8.74% and a net margin of 28.94%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the business posted $0.54 earnings per share. Equities research analysts anticipate that Welltower Inc. will post $2.31 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Tuesday, August 8th will be given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date of this dividend is Friday, August 4th. Welltower’s dividend payout ratio is currently 108.41%.
HCN has been the topic of several recent analyst reports. Evercore ISI lowered Welltower from an “in-line” rating to an “underperform” rating in a research report on Monday, April 24th. Zacks Investment Research lowered Welltower from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $72.00 price target on shares of Welltower in a research report on Wednesday, May 3rd. Canaccord Genuity reaffirmed a “buy” rating and set a $86.00 price target on shares of Welltower in a research report on Friday, May 5th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $65.00 price target on shares of Welltower in a research report on Friday, May 12th. Four investment 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 presently has an average rating of “Hold” and an average 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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