Nationwide Fund Advisors Sells 52,717 Shares of Welltower Inc. (HCN)
Nationwide Fund Advisors trimmed its position in Welltower Inc. (NYSE:HCN) by 17.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 251,006 shares of the real estate investment trust’s stock after selling 52,717 shares during the period. Nationwide Fund Advisors owned about 0.07% of Welltower worth $18,788,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. UBS Asset Management Americas Inc. increased its stake in shares of Welltower by 11.5% during the 1st quarter. UBS Asset Management Americas Inc. now owns 1,760,173 shares of the real estate investment trust’s stock valued at $124,655,000 after acquiring an additional 180,861 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Welltower by 29.4% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,894 shares of the real estate investment trust’s stock valued at $1,905,000 after acquiring an additional 6,112 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of Welltower by 56.5% during the 1st quarter. Toronto Dominion Bank now owns 97,909 shares of the real estate investment trust’s stock valued at $6,933,000 after acquiring an additional 35,361 shares during the last quarter. Green Street Investors LLC acquired a new position in shares of Welltower during the 1st quarter valued at about $14,136,000. Finally, Warren Averett Asset Management LLC acquired a new position in shares of Welltower during the 1st quarter valued at about $238,000. Institutional investors own 85.89% of the company’s stock.
Shares of Welltower Inc. (NYSE:HCN) opened at 74.31 on Tuesday. The firm has a market cap of $27.41 billion, a P/E ratio of 23.14 and a beta of 0.24. The firm has a 50-day moving average of $72.57 and a 200 day moving average of $72.31. 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 data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the business earned $0.54 EPS. On average, equities research analysts anticipate that Welltower Inc. will post $2.29 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Tuesday, August 8th were paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date was Friday, August 4th. Welltower’s payout ratio is 108.41%.
A number of research firms have recently commented on HCN. BidaskClub raised shares of Welltower from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Mizuho reaffirmed a “neutral” rating on shares of Welltower in a research note on Wednesday, June 28th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $74.00 price objective on shares of Welltower in a research note on Wednesday, September 6th. Finally, BMO Capital Markets reaffirmed a “sell” rating and set a $68.00 price objective on shares of Welltower in a research note on Friday, July 28th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. Welltower has an average rating of “Hold” and an average price target of $71.55.
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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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