BT Investment Management Ltd bought a new position in shares of Welltower Inc. (NYSE:HCN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 128,973 shares of the real estate investment trust’s stock, valued at approximately $9,654,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. UBS Asset Management Americas Inc. increased its stake in Welltower by 11.5% in the first quarter. UBS Asset Management Americas Inc. now owns 1,760,173 shares of the real estate investment trust’s stock valued at $124,655,000 after purchasing an additional 180,861 shares in the last quarter. Community Bank & Trust Waco Texas increased its stake in Welltower by 1.9% in the first quarter. Community Bank & Trust Waco Texas now owns 36,300 shares of the real estate investment trust’s stock valued at $2,571,000 after purchasing an additional 671 shares in the last quarter. Teza Capital Management LLC bought a new stake in Welltower in the first quarter valued at $403,000. Morningstar Investment Services LLC bought a new stake in Welltower in the first quarter valued at $65,890,000. Finally, Karp Capital Management Corp bought a new stake in Welltower in the first quarter valued at $7,925,000. 86.01% of the stock is owned by institutional investors and hedge funds.
Welltower Inc. (NYSE HCN) traded up 0.16% during midday trading on Friday, hitting $74.57. 2,809,981 shares of the stock traded hands. The stock’s 50-day moving average price is $72.53 and its 200-day moving average price is $72.25. Welltower Inc. has a 52 week low of $59.39 and a 52 week high of $78.17. The stock has a market capitalization of $27.51 billion, a P/E ratio of 23.22 and a beta of 0.24.
Welltower (NYSE:HCN) last issued its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.01. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. Welltower had a net margin of 28.94% and a return on equity of 8.74%. During the same period last year, the business earned $0.54 EPS. Equities research analysts expect that Welltower Inc. will post $2.29 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Tuesday, August 8th were paid a $0.87 dividend. The ex-dividend date was Friday, August 4th. This represents a $3.48 annualized dividend and a dividend yield of 4.67%. Welltower’s payout ratio is 108.41%.
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Several research firms have weighed in on HCN. BidaskClub raised shares of Welltower from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Mizuho reaffirmed a “neutral” rating on shares of Welltower in a research note on Wednesday, June 28th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $74.00 price target on shares of Welltower in a research note on Wednesday, September 6th. Finally, BMO Capital Markets reaffirmed a “sell” rating and issued a $68.00 price target on shares of Welltower in a research note on Friday, July 28th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. Welltower has a consensus rating of “Hold” and an average price target of $71.55.
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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