Welltower Inc. (HCN) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its stake in shares of Welltower Inc. (NYSE:HCN) by 14.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 58,700 shares of the real estate investment trust’s stock after buying an additional 7,600 shares during the period. Daiwa Securities Group Inc.’s holdings in Welltower were worth $4,394,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Bessemer Group Inc. boosted its position in Welltower by 97.6% in the second quarter. Bessemer Group Inc. now owns 1,413 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 698 shares during the period. Trust Co. of Vermont boosted 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 valued at $107,000 after buying an additional 450 shares during the period. Duncker Streett & Co. Inc. boosted 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 valued at $112,000 after buying an additional 511 shares during the period. Benjamin F. Edwards & Company Inc. boosted 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 valued at $128,000 after buying an additional 212 shares during the period. Finally, Ledyard National Bank boosted 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 valued at $129,000 after buying an additional 545 shares during the period. 85.15% of the stock is owned by institutional investors.

Welltower Inc. (NYSE:HCN) traded down 0.63% during trading on Friday, hitting $70.65. The company had a trading volume of 1,403,730 shares. Welltower Inc. has a 12-month low of $59.39 and a 12-month high of $78.19. The firm has a 50-day moving average of $72.81 and a 200 day moving average of $71.36. The company has a market capitalization of $26.06 billion, a price-to-earnings ratio of 22.00 and a beta of 0.23.

Welltower (NYSE:HCN) last announced its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, topping the 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 during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the company earned $0.54 earnings per share. On average, equities research analysts forecast that Welltower Inc. will post $2.31 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Tuesday, August 8th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Friday, August 4th. This represents a $3.48 annualized dividend and a dividend yield of 4.93%. Welltower’s dividend payout ratio is currently 108.41%.

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Several equities analysts recently issued reports on the company. Canaccord Genuity restated a “buy” rating and set a $86.00 price objective on shares of Welltower in a research note on Monday, May 15th. Royal Bank Of Canada restated a “hold” rating and set a $72.00 price objective on shares of Welltower in a research note on Monday, June 5th. BMO Capital Markets restated a “sell” rating and set a $68.00 price objective on shares of Welltower in a research note on Friday, July 28th. BidaskClub cut Welltower from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $65.00 target price on shares of Welltower in a research note on Friday, May 12th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $72.77.

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.

Institutional Ownership by Quarter for Welltower (NYSE:HCN)

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