FineMark National Bank & Trust Has $443,000 Stake in Welltower Inc. (HCN)

FineMark National Bank & Trust increased its stake in shares of Welltower Inc. (NYSE:HCN) by 12.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,914 shares of the real estate investment trust’s stock after buying an additional 661 shares during the period. FineMark National Bank & Trust’s holdings in Welltower were worth $443,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Capstone Asset Management Co. raised its stake in Welltower by 6.1% in the first quarter. Capstone Asset Management Co. now owns 38,233 shares of the real estate investment trust’s stock valued at $2,708,000 after buying an additional 2,210 shares during the last quarter. Carroll Financial Associates Inc. raised its stake in Welltower by 11.6% in the first quarter. Carroll Financial Associates Inc. now owns 8,918 shares of the real estate investment trust’s stock valued at $631,000 after buying an additional 929 shares during the last quarter. National Pension Service raised its stake in Welltower by 7.6% in the first quarter. National Pension Service now owns 305,974 shares of the real estate investment trust’s stock valued at $21,657,000 after buying an additional 21,672 shares during the last quarter. Gulf International Bank UK Ltd raised its stake in Welltower by 1.0% in the first quarter. Gulf International Bank UK Ltd now owns 111,142 shares of the real estate investment trust’s stock valued at $7,871,000 after buying an additional 1,100 shares during the last quarter. Finally, Forte Capital LLC ADV raised its stake in Welltower by 9.3% in the first quarter. Forte Capital LLC ADV now owns 7,945 shares of the real estate investment trust’s stock valued at $563,000 after buying an additional 675 shares during the last quarter. Institutional investors own 85.15% of the company’s stock.

Welltower Inc. (NYSE:HCN) opened at 70.65 on Friday. The stock’s 50 day moving average price is $72.81 and its 200-day moving average price is $71.36. Welltower Inc. has a 52-week low of $59.39 and a 52-week high of $78.19. The company has a market cap of $26.06 billion, a P/E ratio of 22.00 and a beta of 0.23.

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, equities analysts predict that Welltower Inc. will post $2.31 earnings per share for the current fiscal 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 4.93%. Welltower’s dividend payout ratio is presently 108.41%.

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Several research firms recently weighed in on HCN. BidaskClub upgraded Welltower from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Mizuho restated a “neutral” rating on shares of Welltower in a report on Wednesday, June 28th. Evercore ISI lowered Welltower from an “in-line” rating to an “underperform” rating in a report on Monday, April 24th. Royal Bank Of Canada reiterated a “hold” rating and issued a $72.00 target price on shares of Welltower in a research note on Monday, June 5th. Finally, 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. Four analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average 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)

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