Andra AP fonden Lowers Position in Welltower Inc. (HCN)
Andra AP fonden decreased its stake in shares of Welltower Inc. (NYSE:HCN) by 46.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,500 shares of the real estate investment trust’s stock after selling 63,200 shares during the period. Andra AP fonden’s holdings in Welltower were worth $5,501,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Bessemer Group Inc. raised its position in shares of Welltower by 97.6% in the second quarter. Bessemer Group Inc. now owns 1,413 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 698 shares during the last quarter. Trust Co. of Vermont raised its position in shares of Welltower by 42.7% in the first quarter. Trust Co. of Vermont now owns 1,505 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 450 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Welltower by 13.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,813 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 212 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Welltower during the first quarter valued at about $129,000. Finally, Harbour Capital Advisors LLC raised its position in shares of Welltower by 7,385.0% in the second quarter. Harbour Capital Advisors LLC now owns 11,452 shares of the real estate investment trust’s stock valued at $153,000 after buying an additional 11,299 shares during the last quarter. 86.00% of the stock is currently owned by institutional investors.
Shares of Welltower Inc. (HCN) opened at 71.92 on Monday. Welltower Inc. has a 1-year low of $59.39 and a 1-year high of $78.19. The stock’s 50 day moving average is $72.43 and its 200 day moving average is $71.56. The firm has a market capitalization of $26.53 billion, a P/E ratio of 22.40 and a beta of 0.23.
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 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 firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the firm earned $0.54 earnings per share. Equities analysts predict that Welltower Inc. will post $2.30 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Tuesday, August 8th were paid a dividend of $0.87 per share. The ex-dividend date was Friday, August 4th. This represents a $3.48 annualized dividend and a yield of 4.84%. Welltower’s payout ratio is 108.41%.
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Several brokerages recently issued reports on HCN. BMO Capital Markets reissued a “sell” rating and set a $68.00 price objective on shares of Welltower in a report on Friday, July 28th. Jefferies Group LLC reissued a “hold” rating and set a $65.00 price objective on shares of Welltower in a report on Friday, May 12th. BidaskClub lowered shares of Welltower from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Royal Bank Of Canada reissued a “hold” rating and set a $72.00 price objective on shares of Welltower in a report on Wednesday, May 3rd. Finally, Canaccord Genuity reissued a “buy” rating and set a $86.00 price objective on shares of Welltower in a report on Monday, May 15th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $72.58.
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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