Huntington National Bank reduced its holdings in Welltower Inc. (NYSE:HCN) by 12.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,616 shares of the real estate investment trust’s stock after selling 2,290 shares during the period. Huntington National Bank’s holdings in Welltower were worth $1,168,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. Clear Perspective Advisors LLC increased its stake in Welltower by 0.5% in the 2nd quarter. Clear Perspective Advisors LLC now owns 5,430 shares of the real estate investment trust’s stock valued at $406,000 after buying an additional 26 shares during the last quarter. Cutter & CO Brokerage Inc. increased its stake in Welltower by 0.5% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 5,777 shares of the real estate investment trust’s stock valued at $432,000 after buying an additional 27 shares during the last quarter. Farmers & Merchants Investments Inc. increased its stake in Welltower by 0.6% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 5,030 shares of the real estate investment trust’s stock valued at $376,000 after buying an additional 30 shares during the last quarter. First Heartland Consultants Inc. increased its stake in Welltower by 0.6% in the 2nd quarter. First Heartland Consultants Inc. now owns 5,690 shares of the real estate investment trust’s stock valued at $426,000 after buying an additional 33 shares during the last quarter. Finally, Kelman Lazarov Inc. increased its stake in Welltower by 0.4% in the 2nd quarter. Kelman Lazarov Inc. now owns 13,325 shares of the real estate investment trust’s stock valued at $997,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.
Several research firms have recently weighed in on HCN. Bank of America Corporation lowered shares of Welltower to a “neutral” rating and lowered their price objective for the stock from $78.00 to $77.00 in a research note on Friday, September 22nd. BidaskClub lowered shares of Welltower from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Royal Bank Of Canada restated a “hold” rating and set a $74.00 price objective on shares of Welltower in a research note on Wednesday, September 6th. KeyCorp restated a “hold” rating on shares of Welltower in a research note on Tuesday, October 17th. Finally, UBS AG lowered their price objective on shares of Welltower from $71.00 to $69.00 and set a “neutral” rating on the stock in a research note on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $72.43.
Shares of Welltower Inc. (NYSE HCN) opened at 67.16 on Monday. The company’s 50 day moving average is $70.13 and its 200 day moving average is $72.26. Welltower Inc. has a one year low of $59.39 and a one year high of $78.17. The company has a market cap of $24.77 billion, a P/E ratio of 20.92 and a beta of 0.24.
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, topping analysts’ consensus estimates of $1.05 by $0.01. Welltower had a net margin of 28.94% and a return on equity of 8.74%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the company posted $0.54 earnings per share. On average, equities analysts predict that Welltower Inc. will post $2.31 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Tuesday, November 7th will be issued a dividend of $0.87 per share. The ex-dividend date is Monday, November 6th. This represents a $3.48 dividend on an annualized basis and a yield of 5.18%. Welltower’s dividend payout ratio (DPR) is presently 108.41%.
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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.
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