Parkside Financial Bank & Trust Acquires 155 Shares of Welltower Inc. (NYSE:HCN)

Parkside Financial Bank & Trust increased its position in shares of Welltower Inc. (NYSE:HCN) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,273 shares of the real estate investment trust’s stock after buying an additional 155 shares during the period. Parkside Financial Bank & Trust’s holdings in Welltower were worth $470,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HCN. Pensionfund Sabic raised its stake in Welltower by 29.0% in the first quarter. Pensionfund Sabic now owns 22,247 shares of the real estate investment trust’s stock worth $1,576,000 after buying an additional 5,000 shares during the period. Liberty Capital Management Inc. raised its stake in Welltower by 15.0% in the first quarter. Liberty Capital Management Inc. now owns 16,110 shares of the real estate investment trust’s stock worth $1,141,000 after buying an additional 2,100 shares during the period. Private Asset Management Inc. raised its stake in Welltower by 3.4% in the first quarter. Private Asset Management Inc. now owns 47,980 shares of the real estate investment trust’s stock worth $3,398,000 after buying an additional 1,600 shares during the period. McQueen Ball & Associates Inc. raised its stake in Welltower by 0.4% in the first quarter. McQueen Ball & Associates Inc. now owns 22,919 shares of the real estate investment trust’s stock worth $1,623,000 after buying an additional 85 shares during the period. Finally, Chevy Chase Trust Holdings Inc. raised its stake in Welltower by 2.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 336,222 shares of the real estate investment trust’s stock worth $23,812,000 after buying an additional 7,521 shares during the period. Hedge funds and other institutional investors own 85.15% of the company’s stock.

Welltower Inc. (HCN) traded down 0.63% on Friday, reaching $70.65. The company had a trading volume of 1,403,730 shares. The firm has a market capitalization of $26.06 billion, a price-to-earnings ratio of 22.00 and a beta of 0.23. The company’s 50 day moving average is $72.81 and its 200-day moving average is $71.36. Welltower Inc. has a one year low of $59.39 and a one year high of $78.19.

Welltower (NYSE:HCN) last posted its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.01. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Welltower had a return on equity of 8.74% and a net margin of 28.94%. During the same period in the previous year, the firm posted $0.54 EPS. On average, equities research analysts expect 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. Shareholders of record on Tuesday, August 8th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Friday, August 4th. This represents a $3.48 annualized dividend and a yield of 4.93%. Welltower’s payout ratio is 108.41%.

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HCN has been the topic of a number of 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 reiterated a “hold” rating and issued a $72.00 price target on shares of Welltower in a research report on Wednesday, May 3rd. Canaccord Genuity reiterated a “buy” rating and issued a $86.00 price target on shares of Welltower in a research report on Friday, May 5th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $65.00 price objective on shares of Welltower in a research note on Friday, May 12th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price 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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