Harbour Capital Advisors LLC Raises Stake in Welltower Inc. (HCN)

Harbour Capital Advisors LLC increased its stake in shares of Welltower Inc. (NYSE:HCN) by 7,385.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 11,452 shares of the real estate investment trust’s stock after buying an additional 11,299 shares during the period. Harbour Capital Advisors LLC’s holdings in Welltower were worth $153,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in HCN. IBM Retirement Fund boosted its stake 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 valued at $750,000 after buying an additional 4,972 shares during the period. Sumitomo Life Insurance Co. boosted its stake 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 valued at $929,000 after buying an additional 523 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake 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 valued at $1,458,000 after buying an additional 7,770 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake 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 valued at $217,000 after buying an additional 1,090 shares during the period. Finally, Public Employees Retirement Association of Colorado boosted its stake in Welltower by 0.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 72,277 shares of the real estate investment trust’s stock valued at $5,410,000 after buying an additional 201 shares during the period. Institutional investors and hedge funds own 85.15% of the company’s stock.

Shares of Welltower Inc. (NYSE HCN) traded down 0.63% during trading on Friday, reaching $70.65. 1,403,730 shares of the company were exchanged. The firm has a market capitalization of $26.06 billion, a P/E ratio of 22.00 and a beta of 0.23. The firm’s 50 day moving average is $72.81 and its 200 day moving average is $71.36. Welltower Inc. has a 1-year low of $59.39 and a 1-year high of $78.19.

Welltower (NYSE:HCN) last issued its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, beating 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 company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the company earned $0.54 earnings per share. On average, equities analysts anticipate that Welltower Inc. will post $2.31 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Tuesday, August 8th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date of this dividend is Friday, August 4th. Welltower’s payout ratio is currently 108.41%.

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Several analysts recently weighed in on the stock. BMO Capital Markets reiterated a “sell” rating and issued a $68.00 price target on shares of Welltower in a report on Friday, July 28th. BidaskClub cut shares of Welltower from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Mizuho restated a “neutral” rating on shares of Welltower in a report on Wednesday, June 28th. Royal Bank Of Canada restated a “hold” rating and set a $72.00 target price on shares of Welltower in a report on Monday, June 5th. Finally, Canaccord Genuity restated a “buy” rating and set a $86.00 target price on shares of Welltower in a report on Monday, May 15th. Four equities research 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. The stock has a consensus 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.

Institutional Ownership by Quarter for Welltower (NYSE:HCN)

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