Welltower Inc. (HCN) Position Increased by Cannell Peter B & Co. Inc.
Cannell Peter B & Co. Inc. raised its stake in shares of Welltower Inc. (NYSE:HCN) by 3.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 95,350 shares of the real estate investment trust’s stock after buying an additional 3,600 shares during the period. Cannell Peter B & Co. Inc.’s holdings in Welltower were worth $7,137,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Welltower by 2.6% in the first quarter. Vanguard Group Inc. now owns 52,225,248 shares of the real estate investment trust’s stock valued at $3,698,592,000 after buying an additional 1,304,013 shares during the period. Principal Financial Group Inc. increased its stake in shares of Welltower by 1.0% in the second quarter. Principal Financial Group Inc. now owns 6,554,573 shares of the real estate investment trust’s stock valued at $490,611,000 after buying an additional 62,933 shares during the period. Epoch Investment Partners Inc. increased its stake in shares of Welltower by 15.7% in the first quarter. Epoch Investment Partners Inc. now owns 5,633,662 shares of the real estate investment trust’s stock valued at $398,975,000 after buying an additional 766,140 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Welltower by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,915,979 shares of the real estate investment trust’s stock valued at $348,149,000 after buying an additional 80,273 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Welltower by 8.1% in the first quarter. Geode Capital Management LLC now owns 4,162,790 shares of the real estate investment trust’s stock valued at $294,452,000 after buying an additional 313,209 shares during the period. 86.00% of the stock is currently owned by institutional investors.
Welltower Inc. (NYSE HCN) opened at 73.67 on Friday. Welltower Inc. has a one year low of $59.39 and a one year high of $78.19. The stock has a 50 day moving average price of $72.36 and a 200-day moving average price of $71.80. The stock has a market cap of $27.18 billion, a PE ratio of 22.94 and a beta of 0.24.
Welltower (NYSE:HCN) last posted its quarterly 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. Welltower had a return on equity of 8.74% and a net margin of 28.94%. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the firm earned $0.54 earnings per share. Equities research analysts expect that Welltower Inc. will post $2.30 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Tuesday, August 8th were issued a $0.87 dividend. The ex-dividend date was Friday, August 4th. This represents a $3.48 annualized dividend and a dividend yield of 4.72%. Welltower’s dividend payout ratio is presently 108.41%.
HCN has been the topic of several recent analyst reports. Royal Bank Of Canada reissued a “hold” rating and set a $72.00 target price on shares of Welltower in a research note on Monday, June 5th. BidaskClub raised Welltower from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Canaccord Genuity reissued a “buy” rating and set a $86.00 target price on shares of Welltower in a research note on Friday, May 5th. Mizuho reissued a “neutral” rating on shares of Welltower in a research note on Wednesday, June 28th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $65.00 target price on shares of Welltower in a research note on Friday, May 12th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target 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.
Want to see what other hedge funds are holding HCN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Welltower Inc. (NYSE:HCN).
Receive News & Stock Ratings for Welltower Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower Inc. and related stocks with our FREE daily email newsletter.