Welltower Inc. (HCN) Holdings Reduced by CORDA Investment Management LLC.
CORDA Investment Management LLC. lowered its holdings in Welltower Inc. (NYSE:HCN) by 0.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 265,021 shares of the real estate investment trust’s stock after selling 975 shares during the quarter. Welltower comprises about 2.8% of CORDA Investment Management LLC.’s investment portfolio, making the stock its 12th largest position. CORDA Investment Management LLC. owned 0.07% of Welltower worth $19,836,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Green Street Investors LLC acquired a new position in Welltower in the first quarter worth $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 purchasing an additional 468 shares in the last quarter. Legal & General Group Plc boosted its stake in Welltower by 6.0% in the first quarter. Legal & General Group Plc now owns 2,582,755 shares of the real estate investment trust’s stock worth $182,908,000 after purchasing an additional 146,302 shares in the last quarter. Kelman Lazarov Inc. boosted its stake in Welltower by 0.4% in the second quarter. Kelman Lazarov Inc. now owns 13,325 shares of the real estate investment trust’s stock worth $997,000 after purchasing an additional 50 shares in the last quarter. Finally, Bollard Group LLC boosted its stake in Welltower by 1.2% in the second quarter. Bollard Group LLC now owns 43,236 shares of the real estate investment trust’s stock worth $3,236,000 after purchasing an additional 499 shares in the last quarter. 86.00% of the stock is currently owned by institutional investors.
A number of equities analysts have commented on HCN shares. BidaskClub lowered Welltower from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Royal Bank Of Canada reissued a “hold” rating and issued a $74.00 price objective on shares of Welltower in a research note on Wednesday. Mizuho reissued a “neutral” rating on shares of Welltower in a research note on Wednesday, June 28th. BMO Capital Markets reissued a “sell” rating and issued a $68.00 price objective on shares of Welltower in a research note on Friday, July 28th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $65.00 price objective on shares of Welltower in a research note on Friday, May 12th. Four equities 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 company’s stock. Welltower has an average rating of “Hold” and an average price target of $72.75.
Shares of Welltower Inc. (NYSE:HCN) traded up 0.92% during trading on Friday, hitting $74.67. The stock had a trading volume of 1,451,063 shares. Welltower Inc. has a one year low of $59.39 and a one year high of $78.17. The stock has a 50 day moving average price of $72.34 and a 200-day moving average price of $72.04. The stock has a market capitalization of $27.54 billion, a price-to-earnings ratio of 23.25 and a beta of 0.24.
Welltower (NYSE:HCN) last issued its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.01. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates 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 $2.30 earnings per share 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 dividend of $0.87 per share. The ex-dividend date was Friday, August 4th. This represents a $3.48 dividend on an annualized basis and a yield of 4.66%. Welltower’s dividend payout ratio is currently 108.41%.
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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