Regal Investment Advisors LLC Has $446,000 Position in Welltower Inc. (HCN)
Regal Investment Advisors LLC lessened its position in Welltower Inc. (NYSE:HCN) by 18.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,961 shares of the real estate investment trust’s stock after selling 1,348 shares during the period. Regal Investment Advisors LLC’s holdings in Welltower were worth $446,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its holdings in shares of Welltower by 97.6% in the 2nd quarter. Bessemer Group Inc. now owns 1,413 shares of the real estate investment trust’s stock worth $106,000 after acquiring an additional 698 shares during the period. Trust Co. of Vermont increased its holdings in shares of Welltower by 42.7% in the 1st quarter. Trust Co. of Vermont now owns 1,505 shares of the real estate investment trust’s stock worth $107,000 after acquiring an additional 450 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Welltower by 13.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,813 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 212 shares during the period. Harbour Capital Advisors LLC increased its holdings in shares of Welltower by 7,385.0% in the 2nd quarter. Harbour Capital Advisors LLC now owns 11,452 shares of the real estate investment trust’s stock worth $153,000 after acquiring an additional 11,299 shares during the period. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of Welltower in the 1st quarter worth about $204,000. 86.01% of the stock is currently owned by institutional investors and hedge funds.
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HCN has been the topic of a number of analyst reports. BidaskClub raised shares of Welltower from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Canaccord Genuity reissued 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 reissued a “hold” rating and set a $72.00 target price on shares of Welltower in a research note on Monday, June 5th. Mizuho reissued a “neutral” rating on shares of Welltower in a research note on Wednesday, June 28th. Finally, BMO Capital Markets reissued a “sell” rating and set a $68.00 target price on shares of Welltower in a research note on Friday, July 28th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $72.75.
Welltower Inc. (HCN) traded up 0.60% during trading on Monday, hitting $75.12. 189,054 shares of the stock traded hands. Welltower Inc. has a 52 week low of $59.39 and a 52 week high of $78.17. The stock has a market cap of $27.71 billion, a P/E ratio of 23.39 and a beta of 0.24. The firm’s 50-day moving average is $72.29 and its 200 day moving average is $72.11.
Welltower (NYSE:HCN) last released its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.01. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Welltower had a return on equity of 8.74% and a net margin of 28.94%. During the same period in the previous year, the business posted $0.54 earnings per share. Equities research analysts forecast that Welltower Inc. will post $2.30 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Tuesday, August 8th were issued a dividend of $0.87 per share. The ex-dividend date was Friday, August 4th. This represents a $3.48 annualized dividend and a yield of 4.66%. Welltower’s dividend payout ratio is currently 108.41%.
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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