Kempen Capital Management N.V. lifted its stake in shares of Welltower Inc. (NYSE:HCN) by 16.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 135,262 shares of the real estate investment trust’s stock after purchasing an additional 18,643 shares during the period. Kempen Capital Management N.V.’s holdings in Welltower were worth $10,124,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Green Street Investors LLC purchased a new stake in shares of Welltower during the 1st quarter worth approximately $14,136,000. Financial Counselors Inc. increased its stake in shares of Welltower by 6.2% during the 1st quarter. Financial Counselors Inc. now owns 7,959 shares of the real estate investment trust’s stock worth $564,000 after purchasing an additional 468 shares during the last quarter. Kelman Lazarov Inc. increased its stake in shares of Welltower by 0.4% during the 2nd quarter. Kelman Lazarov Inc. now owns 13,325 shares of the real estate investment trust’s stock worth $997,000 after purchasing an additional 50 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Welltower by 6.0% during the 1st quarter. Legal & General Group Plc now owns 2,582,755 shares of the real estate investment trust’s stock worth $182,908,000 after purchasing an additional 146,302 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of Welltower by 2.7% during the 2nd quarter. Swiss National Bank now owns 1,552,966 shares of the real estate investment trust’s stock worth $116,240,000 after purchasing an additional 40,200 shares during the last quarter. Institutional investors own 86.01% of the company’s stock.
Shares of Welltower Inc. (NYSE:HCN) traded up 0.16% on Friday, reaching $74.57. 2,809,981 shares of the company’s stock traded hands. Welltower Inc. has a 52-week low of $59.39 and a 52-week high of $78.17. The firm’s 50-day moving average is $72.53 and its 200-day moving average is $72.25. The stock has a market cap of $27.51 billion, a price-to-earnings ratio of 23.22 and a beta of 0.24.
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 the Zacks’ consensus estimate of $1.05 by $0.01. Welltower had a net margin of 28.94% and a return on equity of 8.74%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the company earned $0.54 earnings per share. Analysts anticipate that Welltower Inc. will post $2.29 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Tuesday, August 8th were issued a dividend of $0.87 per share. The ex-dividend date was Friday, August 4th. This represents a $3.48 dividend on an annualized basis and a yield of 4.67%. Welltower’s dividend payout ratio is currently 108.41%.
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HCN has been the subject of several research analyst reports. Royal Bank Of Canada restated a “hold” rating and set a $72.00 price target on shares of Welltower in a research note on Monday, June 5th. BidaskClub upgraded shares of Welltower from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Mizuho restated a “neutral” rating on shares of Welltower in a research note on Wednesday, June 28th. Finally, BMO Capital Markets restated a “sell” rating and set a $68.00 price target on shares of Welltower in a research note on Friday, July 28th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $71.55.
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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