Candriam Luxembourg S.C.A. Acquires 6,000 Shares of Welltower Inc. (HCN)
Candriam Luxembourg S.C.A. raised its position in Welltower Inc. (NYSE:HCN) by 23.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 31,791 shares of the real estate investment trust’s stock after buying an additional 6,000 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Welltower were worth $2,380,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of HCN. Gulf International Bank UK Ltd boosted its position in shares of Welltower by 1.0% in the first quarter. Gulf International Bank UK Ltd now owns 111,142 shares of the real estate investment trust’s stock worth $7,871,000 after buying an additional 1,100 shares in the last quarter. National Pension Service boosted its position in shares of Welltower by 7.6% in the first quarter. National Pension Service now owns 305,974 shares of the real estate investment trust’s stock worth $21,657,000 after buying an additional 21,672 shares in the last quarter. Capstone Asset Management Co. boosted its position in shares of Welltower by 6.1% in the first quarter. Capstone Asset Management Co. now owns 38,233 shares of the real estate investment trust’s stock worth $2,708,000 after buying an additional 2,210 shares in the last quarter. TNB Financial acquired a new position in shares of Welltower during the first quarter worth about $277,000. Finally, Schneider Downs Wealth Management Advisors LP acquired a new position in shares of Welltower during the first quarter worth about $290,000. 85.62% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Welltower Inc. (HCN) opened at 71.24 on Thursday. The firm has a market cap of $26.28 billion, a price-to-earnings ratio of 22.19 and a beta of 0.23. The firm’s 50 day moving average is $73.94 and its 200-day moving average is $71.17. Welltower Inc. has a 52 week low of $59.39 and a 52 week high of $79.42.
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, topping 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 during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm earned $0.54 earnings per share. Equities research analysts predict that Welltower Inc. will post $2.31 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Tuesday, August 8th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 4.88%. The ex-dividend date of this dividend is Friday, August 4th. Welltower’s dividend payout ratio is 108.41%.
A number of equities research analysts have recently weighed in on HCN shares. Evercore ISI cut Welltower from an “in-line” rating to an “underperform” rating in a report on Monday, April 24th. Zacks Investment Research cut Welltower from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $72.00 price target on shares of Welltower in a report on Wednesday, May 3rd. Canaccord Genuity reaffirmed a “buy” rating and set a $86.00 price target on shares of Welltower in a report on Friday, May 5th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $65.00 price target on shares of Welltower in a report on Friday, May 12th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. Welltower presently has a consensus rating of “Hold” and an average target price of $73.29.
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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