Welltower Inc. (HCN) Position Increased by National Planning Corp
National Planning Corp raised its stake in shares of Welltower Inc. (NYSE:HCN) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,469 shares of the real estate investment trust’s stock after buying an additional 59 shares during the period. National Planning Corp’s holdings in Welltower were worth $566,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Welltower by 2.6% in the first quarter. Vanguard Group Inc. now owns 52,225,248 shares of the real estate investment trust’s stock valued at $3,698,592,000 after buying an additional 1,304,013 shares during the last quarter. Morningstar Investment Services LLC acquired a new stake in shares of Welltower during the first quarter valued at $65,890,000. Epoch Investment Partners Inc. increased its stake in shares of Welltower by 15.7% in the first quarter. Epoch Investment Partners Inc. now owns 5,633,662 shares of the real estate investment trust’s stock valued at $398,975,000 after buying an additional 766,140 shares during the last quarter. Miller Howard Investments Inc. NY acquired a new stake in shares of Welltower during the first quarter valued at $34,512,000. Finally, Alliancebernstein L.P. increased its stake in shares of Welltower by 49.4% in the first quarter. Alliancebernstein L.P. now owns 1,427,505 shares of the real estate investment trust’s stock valued at $101,096,000 after buying an additional 471,717 shares during the last quarter. 85.62% of the stock is currently owned by hedge funds and other institutional investors.
Welltower Inc. (HCN) opened at 70.40 on Friday. The firm has a market capitalization of $25.97 billion, a PE ratio of 21.92 and a beta of 0.23. The stock’s 50 day moving average price is $73.55 and its 200 day moving average price is $71.18. Welltower Inc. has a 12 month low of $59.39 and a 12 month high of $78.71.
Welltower (NYSE:HCN) last posted 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 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 for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the business earned $0.54 EPS. Equities research analysts expect that Welltower Inc. will post $2.31 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Tuesday, August 8th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 4.94%. The ex-dividend date of this dividend is Friday, August 4th. Welltower’s dividend payout ratio is 108.41%.
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Several analysts have weighed in on HCN shares. Evercore ISI downgraded Welltower from an “in-line” rating to an “underperform” rating in a research note on Monday, April 24th. BidaskClub raised Welltower from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Canaccord Genuity reaffirmed a “buy” rating and set a $86.00 target price on shares of Welltower in a research note on Monday, May 15th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $72.00 target price on shares of Welltower in a research note on Monday, June 5th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $65.00 target price on shares of Welltower in a research note on Friday, May 12th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $72.77.
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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