Bollard Group LLC boosted its stake in Welltower Inc. (NYSE:HCN) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,236 shares of the real estate investment trust’s stock after buying an additional 499 shares during the period. Bollard Group LLC’s holdings in Welltower were worth $3,236,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HCN. Vanguard Group Inc. increased its position in Welltower by 2.6% in the first quarter. Vanguard Group Inc. now owns 52,225,248 shares of the real estate investment trust’s stock valued at $3,698,592,000 after buying an additional 1,304,013 shares during the period. Epoch Investment Partners Inc. increased its position in Welltower by 15.7% in the first quarter. Epoch Investment Partners Inc. now owns 5,633,662 shares of the real estate investment trust’s stock valued at $398,975,000 after buying an additional 766,140 shares during the period. Dimensional Fund Advisors LP increased its position in Welltower by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,915,979 shares of the real estate investment trust’s stock valued at $348,149,000 after buying an additional 80,273 shares during the period. Geode Capital Management LLC increased its position in Welltower by 8.1% in the first quarter. Geode Capital Management LLC now owns 4,162,790 shares of the real estate investment trust’s stock valued at $294,452,000 after buying an additional 313,209 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in Welltower by 3.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,773,974 shares of the real estate investment trust’s stock valued at $196,453,000 after buying an additional 88,028 shares during the period. 86.09% of the stock is owned by institutional investors and hedge funds.
Welltower Inc. (HCN) traded down 0.08% during mid-day trading on Friday, reaching $73.64. The company had a trading volume of 615,018 shares. The firm has a market capitalization of $26.96 billion, a P/E ratio of 22.69 and a beta of 0.24. Welltower Inc. has a 12 month low of $59.39 and a 12 month high of $80.19. The stock’s 50-day moving average is $74.55 and its 200 day moving average is $70.63.
Welltower (NYSE:HCN) last announced its earnings results on Friday, May 5th. The real estate investment trust reported $1.05 EPS for the quarter, meeting the consensus estimate of $1.05. Welltower had a return on equity of 8.94% and a net margin of 29.10%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the business posted $0.42 earnings per share. Welltower’s revenue was up 1.4% compared to the same quarter last year. On average, analysts predict that Welltower Inc. will post $2.20 earnings per share for the current fiscal year.
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HCN has been the subject of several research reports. Royal Bank Of Canada reaffirmed a “hold” rating and set a $72.00 price target on shares of Welltower in a research note on Monday, June 5th. Zacks Investment Research raised Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, March 29th. 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 price target on shares of Welltower in a research note on Friday, May 5th. Finally, Evercore ISI downgraded Welltower from an “in-line” rating to an “underperform” rating in a research note on Monday, April 24th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $73.43.
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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