Hartford Financial Management Inc. continued to hold its position in shares of Welltower Inc. (NYSE:HCN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,600 shares of the real estate investment trust’s stock at the end of the second quarter. Hartford Financial Management Inc.’s holdings in Welltower were worth $119,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of HCN. Bessemer Group Inc. boosted its position in shares of 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 in the last quarter. Trust Co. of Vermont boosted its position in shares of 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 in the last quarter. Duncker Streett & Co. Inc. boosted its position in shares of 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 in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of 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 in the last quarter. Finally, Ledyard National Bank boosted its position in shares of 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 in the last quarter. 85.15% of the stock is owned by hedge funds and other institutional investors.
Welltower Inc. (HCN) traded down 0.63% during trading on Friday, reaching $70.65. The company had a trading volume of 1,403,730 shares. The stock has a market cap of $26.06 billion, a PE ratio of 22.00 and a beta of 0.23. Welltower Inc. has a 52-week low of $59.39 and a 52-week high of $78.19. The company has a 50-day moving average price of $72.81 and a 200 day moving average price of $71.36.
Welltower (NYSE:HCN) last released its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.01. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. Welltower had a return on equity of 8.74% and a net margin of 28.94%. During the same quarter in the prior year, the company earned $0.54 earnings per share. On average, analysts anticipate that Welltower Inc. will post $2.31 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Tuesday, August 8th will be issued a $0.87 dividend. The ex-dividend date is Friday, August 4th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.93%. Welltower’s payout ratio is currently 108.41%.
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HCN has been the subject of several research reports. Canaccord Genuity reaffirmed a “buy” rating and set a $86.00 price objective on shares of Welltower in a report on Friday, May 5th. BidaskClub raised Welltower from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $72.00 price objective on shares of Welltower in a report on Monday, June 5th. Jefferies Group LLC reaffirmed a “hold” rating and set a $65.00 price objective on shares of Welltower in a report on Friday, May 12th. Finally, Mizuho reaffirmed a “neutral” rating on shares of Welltower in a report on Wednesday, June 28th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target 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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