Comerica Securities Inc. Grows Holdings in Welltower Inc. (HCN)
Comerica Securities Inc. grew its position in shares of Welltower Inc. (NYSE:HCN) by 6.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,180 shares of the real estate investment trust’s stock after purchasing an additional 295 shares during the period. Comerica Securities Inc.’s holdings in Welltower were worth $388,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its stake in Welltower by 97.6% during the second quarter. Bessemer Group Inc. now owns 1,413 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 698 shares in the last quarter. Appleton Partners Inc. MA acquired a new position in Welltower during the second quarter worth $204,000. Martingale Asset Management L P acquired a new position in Welltower during the second quarter worth $210,000. Intrust Bank NA acquired a new position in Welltower during the second quarter worth $211,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Welltower during the second quarter worth $211,000. Institutional investors own 86.01% of the company’s stock.
HCN has been the topic of a number of research reports. Royal Bank Of Canada restated a “hold” rating and set a $72.00 price target on shares of Welltower in a research note on Monday, June 5th. BidaskClub upgraded Welltower from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Mizuho restated a “neutral” rating on shares of Welltower in a research note on Wednesday, June 28th. Finally, BMO Capital Markets restated a “sell” rating and set a $68.00 price target 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 six have assigned a buy rating to the company’s stock. Welltower currently has a consensus rating of “Hold” and an average price target of $71.55.
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Shares of Welltower Inc. (NYSE:HCN) opened at 74.57 on Friday. The stock has a market cap of $27.51 billion, a price-to-earnings ratio of 23.22 and a beta of 0.24. Welltower Inc. has a 52-week low of $59.39 and a 52-week high of $78.17. The stock’s 50 day moving average price is $72.53 and its 200-day moving average price is $72.25.
Welltower (NYSE:HCN) last posted its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.01. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates 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 EPS. On average, analysts predict that Welltower Inc. will post $2.29 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 21st. Investors 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 dividend yield of 4.67%. Welltower’s payout ratio 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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