Presima Inc. decreased its stake in Welltower Inc. (NYSE:HCN) by 26.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 516,000 shares of the real estate investment trust’s stock after selling 188,000 shares during the period. Welltower comprises about 5.3% of Presima Inc.’s portfolio, making the stock its 9th largest position. Presima Inc. owned about 0.14% of Welltower worth $38,623,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Pensionfund Sabic boosted its stake in shares of Welltower by 29.0% in the first quarter. Pensionfund Sabic now owns 22,247 shares of the real estate investment trust’s stock valued at $1,576,000 after buying an additional 5,000 shares during the last quarter. Liberty Capital Management Inc. boosted its stake in shares of Welltower by 15.0% in the first quarter. Liberty Capital Management Inc. now owns 16,110 shares of the real estate investment trust’s stock valued at $1,141,000 after buying an additional 2,100 shares during the last quarter. Private Asset Management Inc. boosted its position in Welltower by 3.4% in the first quarter. Private Asset Management Inc. now owns 47,980 shares of the real estate investment trust’s stock worth $3,398,000 after buying an additional 1,600 shares in the last quarter. McQueen Ball & Associates Inc. boosted its position in Welltower by 0.4% in the first quarter. McQueen Ball & Associates Inc. now owns 22,919 shares of the real estate investment trust’s stock worth $1,623,000 after buying an additional 85 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. boosted its position in Welltower by 2.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 336,222 shares of the real estate investment trust’s stock worth $23,812,000 after buying an additional 7,521 shares in the last quarter. 85.15% of the stock is currently owned by institutional investors.
Shares of Welltower Inc. (NYSE:HCN) opened at 70.65 on Friday. Welltower Inc. has a 12-month low of $59.39 and a 12-month high of $78.19. The stock has a market cap of $26.06 billion, a price-to-earnings ratio of 22.00 and a beta of 0.23. The firm’s 50-day moving average price is $72.81 and its 200-day moving average price is $71.36.
Welltower (NYSE:HCN) last posted its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.01. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate 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 firm posted $0.54 earnings per share. On average, analysts forecast that Welltower Inc. will post $2.31 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Tuesday, August 8th will be paid a $0.87 dividend. 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 (DPR) is 108.41%.
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A number of research analysts have recently commented on HCN shares. Evercore ISI cut Welltower from an “in-line” rating to an “underperform” rating in a research note on Monday, April 24th. BidaskClub raised Welltower from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Canaccord Genuity reaffirmed a “buy” rating and set a $86.00 target price on shares of Welltower in a research note on Monday, May 15th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $72.00 target price on shares of Welltower in a research note on Monday, June 5th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $65.00 target price on shares of Welltower in a research note on Friday, May 12th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price 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.
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