Welltower Inc. (HCN) Holdings Increased by Norinchukin Bank The
Norinchukin Bank The grew its holdings in Welltower Inc. (NYSE:HCN) by 7.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,410 shares of the real estate investment trust’s stock after purchasing an additional 1,851 shares during the period. Norinchukin Bank The’s holdings in Welltower were worth $1,902,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the business. Smith Moore & CO. increased its stake in Welltower by 0.5% in the first quarter. Smith Moore & CO. now owns 4,005 shares of the real estate investment trust’s stock worth $284,000 after purchasing an additional 19 shares during the period. Cutter & CO Brokerage Inc. increased its stake in Welltower by 0.5% in the second quarter. Cutter & CO Brokerage Inc. now owns 5,777 shares of the real estate investment trust’s stock worth $432,000 after purchasing an additional 27 shares during the period. Farmers & Merchants Investments Inc. increased its stake in Welltower by 0.6% in the second quarter. Farmers & Merchants Investments Inc. now owns 5,030 shares of the real estate investment trust’s stock worth $376,000 after purchasing an additional 30 shares during the period. First Heartland Consultants Inc. increased its stake in Welltower by 0.6% in the second quarter. First Heartland Consultants Inc. now owns 5,690 shares of the real estate investment trust’s stock worth $426,000 after purchasing an additional 33 shares during the period. Finally, Mackenzie Financial Corp increased its stake in Welltower by 0.9% in the first quarter. Mackenzie Financial Corp now owns 4,469 shares of the real estate investment trust’s stock worth $316,000 after purchasing an additional 38 shares during the period. Institutional investors and hedge funds own 86.01% of the company’s stock.
A number of analysts have weighed in on the company. BMO Capital Markets reiterated a “sell” rating and issued a $68.00 target price on shares of Welltower in a research note on Friday, July 28th. BidaskClub lowered Welltower from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Mizuho restated a “neutral” rating on shares of Welltower in a research note on Wednesday, June 28th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $74.00 price target on shares of Welltower in a research note on Wednesday, September 6th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. Welltower has an average rating of “Hold” and an average target price of $71.55.
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Shares of Welltower Inc. (NYSE HCN) opened at 74.57 on Friday. The company’s 50-day moving average price is $72.53 and its 200-day moving average price is $72.25. The company has a market cap of $27.51 billion, a P/E ratio of 23.22 and a beta of 0.24. Welltower Inc. has a 12 month low of $59.39 and a 12 month high of $78.17.
Welltower (NYSE:HCN) last issued its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ 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 company 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 analysts forecast that Welltower Inc. will post $2.29 EPS for the current fiscal year.
The business also recently declared 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 of this dividend was Friday, August 4th. This represents a $3.48 annualized dividend and a yield of 4.67%. Welltower’s dividend payout ratio (DPR) is 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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