Welltower Inc. (HCN) Shares Sold by Rafferty Asset Management LLC
Rafferty Asset Management LLC decreased its position in shares of Welltower Inc. (NYSE:HCN) by 16.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 54,405 shares of the real estate investment trust’s stock after selling 10,439 shares during the period. Rafferty Asset Management LLC’s holdings in Welltower were worth $4,072,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. grew its holdings in shares of Welltower by 97.6% during the 2nd quarter. Bessemer Group Inc. now owns 1,413 shares of the real estate investment trust’s stock worth $106,000 after acquiring an additional 698 shares during the period. Appleton Partners Inc. MA purchased a new position in shares of Welltower during the 2nd quarter worth approximately $204,000. Martingale Asset Management L P purchased a new position in shares of Welltower during the 2nd quarter worth approximately $210,000. Intrust Bank NA purchased a new position in shares of Welltower during the 2nd quarter worth approximately $211,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Welltower during the 2nd quarter worth approximately $211,000. Hedge funds and other institutional investors own 85.89% of the company’s stock.
Welltower Inc. (HCN) traded down 0.13% during trading on Tuesday, reaching $74.21. The company had a trading volume of 237,438 shares. The stock has a 50 day moving average of $72.57 and a 200-day moving average of $72.31. The stock has a market capitalization of $27.37 billion, a P/E ratio of 23.11 and a beta of 0.24. Welltower Inc. has a 12-month low of $59.39 and a 12-month high of $78.17.
Welltower (NYSE:HCN) last issued its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company posted $0.54 earnings per share. On average, analysts forecast that Welltower Inc. will post $2.29 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Tuesday, August 8th were issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 4.68%. The ex-dividend date was Friday, August 4th. Welltower’s dividend payout ratio is currently 108.41%.
A number of brokerages have recently commented on HCN. Royal Bank Of Canada reissued a “hold” rating and issued a $74.00 price target on shares of Welltower in a research report on Wednesday, September 6th. BMO Capital Markets reissued a “sell” rating and issued a $68.00 price target on shares of Welltower in a research report on Friday, July 28th. Mizuho reissued a “neutral” rating on shares of Welltower in a research report on Wednesday, June 28th. Finally, BidaskClub cut Welltower from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. Welltower presently has a consensus rating of “Hold” and a consensus price target of $71.55.
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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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