Walter & Keenan Financial Consulting Co. MI ADV Has $1.95 Million Stake in Welltower Inc. (NYSE:HCN)
Walter & Keenan Financial Consulting Co. MI ADV boosted its position in Welltower Inc. (NYSE:HCN) by 2.0% during the second quarter, Holdings Channel reports. The institutional investor owned 26,087 shares of the real estate investment trust’s stock after buying an additional 500 shares during the period. Walter & Keenan Financial Consulting Co. MI ADV’s holdings in Welltower were worth $1,953,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in HCN. Bessemer Group Inc. increased its position in shares of Welltower by 97.6% in the second quarter. Bessemer Group Inc. now owns 1,413 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 698 shares in the last quarter. Trust Co. of Vermont increased its stake in Welltower by 42.7% in the first quarter. Trust Co. of Vermont now owns 1,505 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 450 shares during the period. Duncker Streett & Co. Inc. increased its stake in Welltower by 47.6% in the first quarter. Duncker Streett & Co. Inc. now owns 1,584 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 511 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in Welltower by 13.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,813 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 212 shares during the period. Finally, Ledyard National Bank increased its stake in Welltower by 42.7% in the first quarter. Ledyard National Bank now owns 1,820 shares of the real estate investment trust’s stock valued at $129,000 after buying an additional 545 shares during the period. 85.62% of the stock is owned by institutional investors and hedge funds.
Welltower Inc. (NYSE HCN) opened at 71.24 on Thursday. The stock has a 50 day moving average of $73.94 and a 200-day moving average of $71.17. Welltower Inc. has a one year low of $59.39 and a one year high of $79.42. The company has a market cap of $26.28 billion, a price-to-earnings ratio of 22.19 and a beta of 0.23.
Welltower (NYSE:HCN) last posted its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.01. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Welltower had a net margin of 28.94% and a return on equity of 8.74%. During the same quarter in the previous year, the business posted $0.54 earnings per share. On average, equities analysts predict that Welltower Inc. will post $2.31 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Tuesday, August 8th will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date of this dividend is Friday, August 4th. Welltower’s dividend payout ratio is currently 108.41%.
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Several equities research analysts have weighed in on the stock. 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. Evercore ISI downgraded shares of Welltower from an “in-line” rating to an “underperform” rating in a research note on Monday, April 24th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $72.00 price target on shares of Welltower in a research note on Monday, June 5th. 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 equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $73.29.
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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