Welltower Inc. (HCN) is Advisors Management Group Inc. ADV’s 10th Largest Position
Advisors Management Group Inc. ADV boosted its position in shares of Welltower Inc. (NYSE:HCN) by 1.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 63,598 shares of the real estate investment trust’s stock after buying an additional 1,029 shares during the period. Welltower accounts for approximately 2.6% of Advisors Management Group Inc. ADV’s holdings, making the stock its 10th largest position. Advisors Management Group Inc. ADV’s holdings in Welltower were worth $4,760,000 as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. Green Street Investors LLC bought a new stake in Welltower during the first quarter worth about $14,136,000. Financial Counselors Inc. boosted its stake in 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 in the last quarter. Great West Life Assurance Co. Can boosted its stake in 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 in the last quarter. Duncker Streett & Co. Inc. boosted its stake in 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 in the last quarter. Finally, KAMES CAPITAL plc boosted its stake in Welltower by 20.0% in the first quarter. KAMES CAPITAL plc now owns 123,147 shares of the real estate investment trust’s stock worth $8,720,000 after buying an additional 20,482 shares in the last quarter. Hedge funds and other institutional investors own 85.15% of the company’s stock.
Welltower Inc. (NYSE:HCN) traded up 0.78% during trading on Monday, reaching $71.20. 92,610 shares of the company were exchanged. The stock has a market capitalization of $26.26 billion, a price-to-earnings ratio of 22.17 and a beta of 0.23. The firm’s 50 day moving average price is $72.81 and its 200-day moving average price 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 released its earnings results 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 firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. Welltower had a return on equity of 8.74% and a net margin of 28.94%. During the same quarter in the previous year, the company posted $0.54 EPS. On average, equities research analysts predict that Welltower Inc. will post $2.31 earnings per share for the current 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 given a dividend of $0.87 per share. This represents a $3.48 annualized dividend 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%.
A number of analysts have recently issued reports on HCN shares. BidaskClub cut shares of Welltower from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Evercore ISI cut shares of 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 set a $86.00 target price on shares of Welltower in a research note on Friday, May 5th. Royal Bank Of Canada restated a “hold” rating and set a $72.00 target price on shares of Welltower in a research note on Wednesday, May 3rd. Finally, Zacks Investment Research cut shares of Welltower from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $72.77.
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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