Kelman Lazarov Inc. raised its position in Welltower Inc. (NYSE:HCN) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,325 shares of the real estate investment trust’s stock after buying an additional 50 shares during the period. Kelman Lazarov Inc.’s holdings in Welltower were worth $997,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. Trust Co. of Vermont increased its position in Welltower by 42.7% in the first quarter. Trust Co. of Vermont now owns 1,505 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 450 shares during the last quarter. Duncker Streett & Co. Inc. increased 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 worth $112,000 after buying an additional 511 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Welltower by 13.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,813 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 212 shares during the last quarter. Ledyard National Bank increased its position in Welltower by 42.7% in the first quarter. Ledyard National Bank now owns 1,820 shares of the real estate investment trust’s stock worth $129,000 after buying an additional 545 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in Welltower during the first quarter worth about $129,000. 85.62% of the stock is currently owned by institutional investors.
Shares of Welltower Inc. (HCN) traded down 0.28% during mid-day trading on Friday, hitting $70.40. 1,346,528 shares of the stock were exchanged. Welltower Inc. has a 12 month low of $59.39 and a 12 month high of $79.42. The company has a 50-day moving average price of $73.55 and a 200-day moving average price of $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 earnings results on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the business posted $0.54 EPS. Equities analysts expect that Welltower Inc. will post $2.31 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Tuesday, August 8th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date is Friday, August 4th. Welltower’s dividend payout ratio (DPR) is 108.41%.
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A number of equities research analysts have commented on the stock. BMO Capital Markets restated a “sell” rating and set a $68.00 target price on shares of Welltower 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. Zacks Investment Research cut shares of Welltower from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. BidaskClub cut shares of Welltower from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $72.00 price objective on shares of Welltower in a research report on Wednesday, May 3rd. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. Welltower currently has a consensus rating of “Hold” and an average target price of $72.77.
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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