Beacon Investment Advisory Services Inc. Cuts Position in Welltower Inc. (HCN)
Beacon Investment Advisory Services Inc. cut its position in shares of Welltower Inc. (NYSE:HCN) by 3.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,310 shares of the real estate investment trust’s stock after selling 255 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Welltower were worth $472,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Green Street Investors LLC bought a new position in shares of Welltower during the first quarter worth approximately $14,136,000. Sabal Trust CO increased its position in shares of Welltower by 2.1% in the first quarter. Sabal Trust CO now owns 324,528 shares of the real estate investment trust’s stock worth $22,983,000 after buying an additional 6,592 shares during the last quarter. Financial Counselors Inc. increased its position in shares of Welltower by 6.2% in the first quarter. Financial Counselors Inc. now owns 7,959 shares of the real estate investment trust’s stock worth $564,000 after buying an additional 468 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of Welltower by 1.2% in the first quarter. Great West Life Assurance Co. Can now owns 504,586 shares of the real estate investment trust’s stock worth $35,704,000 after buying an additional 6,063 shares during the last quarter. Finally, Duncker Streett & Co. Inc. increased its position in shares of Welltower by 47.6% in the first quarter. Duncker Streett & Co. Inc. now owns 1,584 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 511 shares during the last quarter. Institutional investors own 85.15% of the company’s stock.
Welltower Inc. (HCN) traded down 0.19% during midday trading on Thursday, reaching $71.86. The company’s stock had a trading volume of 64,860 shares. The firm has a 50-day moving average price of $73.08 and a 200 day moving average price of $71.33. The stock has a market capitalization of $26.51 billion, a price-to-earnings ratio of 22.38 and a beta of 0.23. 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 EPS for the quarter, beating the consensus estimate of $1.05 by $0.01. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations 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 company earned $0.54 EPS. Equities research analysts predict that Welltower Inc. will post $2.31 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Tuesday, August 8th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 4.83%. The ex-dividend date of this dividend is Friday, August 4th. Welltower’s payout ratio is presently 108.41%.
HCN has been the subject of a number of research reports. BidaskClub downgraded Welltower from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Evercore ISI downgraded Welltower from an “in-line” rating to an “underperform” rating in a research note on Monday, April 24th. Canaccord Genuity restated a “buy” rating and issued a $86.00 target price on shares of Welltower in a research note on Friday, May 5th. Mizuho reiterated a “neutral” rating on shares of Welltower in a research report on Wednesday, June 28th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $72.00 price objective on shares of Welltower in a research report on Wednesday, May 3rd. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus 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.
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