Welltower Inc. (NYSE:HCN) Position Increased by UMB Bank N A MO
UMB Bank N A MO raised its stake in shares of Welltower Inc. (NYSE:HCN) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,570 shares of the real estate investment trust’s stock after buying an additional 425 shares during the period. UMB Bank N A MO’s holdings in Welltower were worth $1,390,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the stock. Green Street Investors LLC acquired a new position in Welltower during the first quarter valued at approximately $14,136,000. Sabal Trust CO raised its position in Welltower by 2.1% in the first quarter. Sabal Trust CO now owns 324,528 shares of the real estate investment trust’s stock valued at $22,983,000 after buying an additional 6,592 shares during the period. Financial Counselors Inc. raised its position in Welltower by 6.2% in the first quarter. Financial Counselors Inc. now owns 7,959 shares of the real estate investment trust’s stock valued at $564,000 after buying an additional 468 shares during the period. Great West Life Assurance Co. Can raised its position in Welltower by 1.2% in the first quarter. Great West Life Assurance Co. Can now owns 504,586 shares of the real estate investment trust’s stock valued at $35,704,000 after buying an additional 6,063 shares during the period. Finally, Duncker Streett & Co. Inc. raised its position 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. 85.62% of the stock is currently owned by hedge funds and other institutional investors.
Welltower Inc. (HCN) opened at 70.40 on Friday. Welltower Inc. has a one year low of $59.39 and a one year high of $78.71. The firm’s 50 day moving average price is $73.55 and its 200 day moving average price is $71.18. The stock has a market cap of $25.97 billion, a price-to-earnings ratio of 21.92 and a beta of 0.23.
Welltower (NYSE:HCN) last announced its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.01. Welltower had a net margin of 28.94% and a return on equity of 8.74%. The business 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 EPS. Equities analysts forecast that Welltower Inc. will post $2.31 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Tuesday, August 8th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date is Friday, August 4th. Welltower’s dividend payout ratio is presently 108.41%.
HCN has been the topic of several recent analyst reports. BidaskClub lowered Welltower from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Evercore ISI lowered Welltower from an “in-line” rating to an “underperform” rating in a report on Monday, April 24th. Canaccord Genuity reissued a “buy” rating and issued a $86.00 target price on shares of Welltower in a report on Friday, May 5th. Royal Bank Of Canada reissued a “hold” rating and issued a $72.00 target price on shares of Welltower in a report on Wednesday, May 3rd. Finally, Zacks Investment Research lowered Welltower from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Welltower presently has a consensus rating of “Hold” and an average price target of $72.77.
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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