Girard Partners LTD. Buys Shares of 2,962 Welltower Inc. (HCN)
Girard Partners LTD. bought a new stake in Welltower Inc. (NYSE:HCN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,962 shares of the real estate investment trust’s stock, valued at approximately $222,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC purchased a new position in shares of Welltower during the second quarter worth about $369,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of Welltower by 0.6% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 96,567 shares of the real estate investment trust’s stock worth $7,228,000 after buying an additional 542 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Welltower by 13.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 129,692 shares of the real estate investment trust’s stock worth $9,707,000 after buying an additional 14,954 shares during the period. Utah Retirement Systems boosted its position in shares of Welltower by 2.8% in the second quarter. Utah Retirement Systems now owns 84,298 shares of the real estate investment trust’s stock worth $6,310,000 after buying an additional 2,282 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Welltower by 17.4% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 87,290 shares of the real estate investment trust’s stock worth $6,534,000 after buying an additional 12,956 shares during the period. 86.00% of the stock is currently owned by institutional investors.
Shares of Welltower Inc. (NYSE:HCN) opened at 71.93 on Wednesday. The stock’s 50 day moving average is $72.43 and its 200 day moving average is $71.56. Welltower Inc. has a 52-week low of $59.39 and a 52-week high of $78.19. The company 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 quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, beating the Zacks’ 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 during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the company earned $0.54 EPS. Equities analysts expect that Welltower Inc. will post $2.30 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Tuesday, August 8th were given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date of this dividend was Friday, August 4th. Welltower’s dividend payout ratio is currently 108.41%.
A number of research analysts recently issued reports on HCN shares. Royal Bank Of Canada reissued a “hold” rating and issued a $72.00 price objective on shares of Welltower in a research note on Wednesday, May 3rd. Canaccord Genuity restated a “buy” rating and issued a $86.00 target price on shares of Welltower in a research report on Friday, May 5th. Jefferies Group LLC restated a “hold” rating and issued a $65.00 target price on shares of Welltower in a research report on Friday, May 12th. BidaskClub upgraded shares of Welltower from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Finally, Mizuho restated a “neutral” rating on shares of Welltower in a research report on Wednesday, June 28th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $72.58.
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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