Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Welltower Inc. (NYSE:HCN) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,204 shares of the real estate investment trust’s stock after purchasing an additional 310 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Welltower were worth $2,036,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. boosted its position in Welltower by 97.6% during the 2nd quarter. Bessemer Group Inc. now owns 1,413 shares of the real estate investment trust’s stock valued at $106,000 after acquiring an additional 698 shares in the last quarter. Trust Co. of Vermont lifted its holdings in shares of Welltower by 42.7% during the 1st quarter. Trust Co. of Vermont now owns 1,505 shares of the real estate investment trust’s stock valued at $107,000 after purchasing an additional 450 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Welltower by 13.2% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,813 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 212 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Welltower during the 1st quarter valued at $129,000. Finally, Harbour Capital Advisors LLC lifted its holdings in shares of Welltower by 7,385.0% during the 2nd quarter. Harbour Capital Advisors LLC now owns 11,452 shares of the real estate investment trust’s stock valued at $153,000 after purchasing an additional 11,299 shares during the last quarter. 86.01% of the stock is currently owned by institutional investors and hedge funds.
HCN has been the subject of a number of research analyst reports. BidaskClub lowered 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 target price on shares of Welltower in a research report on Wednesday, September 6th. Mizuho restated a “neutral” rating on shares of Welltower in a research report on Wednesday, June 28th. Finally, BMO Capital Markets restated a “sell” rating and set a $68.00 target price on shares of Welltower in a research report on Friday, July 28th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. Welltower currently has a consensus rating of “Hold” and a consensus price target of $71.55.
Shares of Welltower Inc. (NYSE:HCN) traded down 1.01% during mid-day trading on Friday, reaching $73.70. The company’s stock had a trading volume of 917,216 shares. The firm’s 50 day moving average price is $72.48 and its 200-day moving average price is $72.21. The company has a market capitalization of $27.19 billion, a price-to-earnings ratio of 22.95 and a beta of 0.24. Welltower Inc. has a 1-year low of $59.39 and a 1-year high of $78.17.
Welltower (NYSE:HCN) last posted its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. On average, analysts predict that Welltower Inc. will post $2.29 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Tuesday, August 8th were issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date of this dividend was Friday, August 4th. Welltower’s dividend payout ratio is currently 108.41%.
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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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