Financial Counselors Inc. continued to hold its position in Welltower Inc. (NYSE:HCN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,959 shares of the real estate investment trust’s stock at the close of the 2nd quarter. Financial Counselors Inc.’s holdings in Welltower were worth $596,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Jackson Wealth Management LLC increased its position in Welltower by 7.6% during the second quarter. Jackson Wealth Management LLC now owns 25,050 shares of the real estate investment trust’s stock valued at $1,812,000 after acquiring an additional 1,778 shares during the last quarter. Martingale Asset Management L P purchased a new stake in Welltower during the second quarter valued at $210,000. Alliancebernstein L.P. increased its position in Welltower by 2.9% during the second quarter. Alliancebernstein L.P. now owns 1,468,790 shares of the real estate investment trust’s stock valued at $109,939,000 after acquiring an additional 41,285 shares during the last quarter. HPM Partners LLC increased its position in Welltower by 14.5% during the second quarter. HPM Partners LLC now owns 3,971 shares of the real estate investment trust’s stock valued at $297,000 after acquiring an additional 503 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Welltower by 11.8% during the second quarter. Franklin Resources Inc. now owns 452,545 shares of the real estate investment trust’s stock valued at $33,873,000 after acquiring an additional 47,758 shares during the last quarter. Institutional investors own 86.01% of the company’s stock.
A number of analysts recently commented on the company. BidaskClub upgraded Welltower from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Mizuho restated a “neutral” rating on shares of Welltower in a research report on Wednesday, June 28th. Royal Bank Of Canada restated a “hold” rating and issued a $74.00 price target on shares of Welltower in a research report on Wednesday, September 6th. Finally, BMO Capital Markets restated a “sell” rating and issued a $68.00 price target on shares of Welltower in a research report on Friday, July 28th. Four equities 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 company. Welltower presently has a consensus rating of “Hold” and a consensus target price of $72.75.
Welltower Inc. (HCN) opened at 74.34 on Wednesday. The company has a market cap of $27.42 billion, a price-to-earnings ratio of 23.15 and a beta of 0.24. The stock has a 50 day moving average price of $72.38 and a 200-day moving average price of $72.15. Welltower Inc. has a 1-year low of $59.39 and a 1-year high of $78.17.
Welltower (NYSE:HCN) last announced its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $1.04 billion. During the same quarter in the previous year, the business earned $0.54 EPS. On average, equities research analysts forecast that Welltower Inc. will post $2.29 EPS for the current 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 of this dividend was Friday, August 4th. This represents a $3.48 annualized dividend and a dividend yield of 4.68%. Welltower’s dividend payout ratio is presently 108.41%.
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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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