Welltower Inc. (NYSE:HCN) Position Raised by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its position in shares of Welltower Inc. (NYSE:HCN) by 4.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 232,045 shares of the real estate investment trust’s stock after buying an additional 9,091 shares during the period. Janney Montgomery Scott LLC owned about 0.06% of Welltower worth $17,369,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capstone Asset Management Co. boosted its position 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 worth $2,708,000 after buying an additional 2,210 shares during the last quarter. Carroll Financial Associates Inc. boosted its stake in shares of 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 worth $631,000 after buying an additional 929 shares during the last quarter. National Pension Service boosted its stake in shares of Welltower by 7.6% in the first quarter. National Pension Service now owns 305,974 shares of the real estate investment trust’s stock worth $21,657,000 after buying an additional 21,672 shares during the last quarter. Gulf International Bank UK Ltd boosted its stake in shares of 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 worth $7,871,000 after buying an additional 1,100 shares during the last quarter. Finally, Forte Capital LLC ADV boosted its stake in shares of 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 worth $563,000 after buying an additional 675 shares during the last quarter. Hedge funds and other institutional investors own 85.15% of the company’s stock.

Shares of Welltower Inc. (HCN) opened at 70.65 on Friday. The stock has a market cap of $26.06 billion, a PE ratio of 22.00 and a beta of 0.23. The stock has a 50 day moving average of $72.81 and a 200-day moving average of $71.36. Welltower Inc. has a 52 week low of $59.39 and a 52 week high of $78.19.

Welltower (NYSE:HCN) last issued its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.01. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. Welltower had a net margin of 28.94% and a return on equity of 8.74%. During the same period in the previous year, the firm earned $0.54 earnings per share. Equities research analysts predict that Welltower Inc. will post $2.31 earnings per share for the current fiscal year.

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

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A number of brokerages recently commented on HCN. BMO Capital Markets restated a “sell” rating and set a $68.00 price target on shares of Welltower in a research note on Friday, July 28th. Jefferies Group LLC reaffirmed a “hold” rating and set a $65.00 target price on shares of Welltower in a report on Friday, May 12th. BidaskClub lowered shares of Welltower from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $72.00 target price on shares of Welltower in a report on Wednesday, May 3rd. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $86.00 target price on shares of Welltower in a report on Monday, May 15th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. 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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