American Assets Investment Management LLC Has $749,000 Position in Welltower Inc. (HCN)

American Assets Investment Management LLC held its stake in Welltower Inc. (NYSE:HCN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,000 shares of the real estate investment trust’s stock at the end of the second quarter. American Assets Investment Management LLC’s holdings in Welltower were worth $749,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its stake in Welltower by 97.6% in the second quarter. Bessemer Group Inc. now owns 1,413 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 698 shares during the last quarter. Trust Co. of Vermont raised its stake in Welltower by 42.7% in the first quarter. Trust Co. of Vermont now owns 1,505 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 450 shares during the last quarter. Duncker Streett & Co. Inc. raised its stake in Welltower by 47.6% in the first quarter. Duncker Streett & Co. Inc. now owns 1,584 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 511 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in Welltower by 13.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,813 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 212 shares during the last quarter. Finally, Ledyard National Bank raised its stake in Welltower by 42.7% in the first quarter. Ledyard National Bank now owns 1,820 shares of the real estate investment trust’s stock worth $129,000 after buying an additional 545 shares during the last quarter. Institutional investors own 85.15% of the company’s stock.

Welltower Inc. (HCN) opened at 72.00 on Thursday. The stock has a market cap of $26.56 billion, a price-to-earnings ratio of 22.42 and a beta of 0.23. Welltower Inc. has a 52 week low of $59.39 and a 52 week high of $78.19. The stock’s 50 day moving average price is $73.08 and its 200 day moving average price is $71.33.

Welltower (NYSE:HCN) last posted its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.01. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. Welltower had a return on equity of 8.74% and a net margin of 28.94%. During the same quarter in the previous year, the business earned $0.54 EPS. On average, analysts forecast 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 is Friday, August 4th. This represents a $3.48 annualized dividend and a dividend yield of 4.83%. Welltower’s dividend payout ratio is presently 108.41%.

COPYRIGHT VIOLATION WARNING: “American Assets Investment Management LLC Has $749,000 Position in Welltower Inc. (HCN)” was first posted by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://www.com-unik.info/2017/08/17/american-assets-investment-management-llc-has-749000-position-in-welltower-inc-hcn.html.

A number of research firms have weighed in on HCN. BMO Capital Markets reiterated a “sell” rating and issued a $68.00 target price on shares of Welltower in a research note on Friday, July 28th. Jefferies Group LLC reiterated a “hold” rating and issued a $65.00 target price on shares of Welltower in a research note on Friday, May 12th. BidaskClub lowered Welltower from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Royal Bank Of Canada reiterated a “hold” rating and issued a $72.00 target price on shares of Welltower in a research note on Wednesday, May 3rd. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $86.00 target price on shares of Welltower in a research note on Monday, May 15th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $72.77.

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)

What are top analysts saying about Welltower Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Welltower Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit