Latest Stocks: CNO Financial Group Inc. Maintains Position in Welltower Inc (HCN)

Latest Stocks: CNO Financial Group Inc. Maintains Position in Welltower Inc (HCN)

CNO Financial Group Inc. maintained its stake in shares of Welltower Inc (NYSE:HCN) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,747 shares of the real estate investment trust’s stock at the end of the first quarter. Welltower comprises about 0.1% of CNO Financial Group Inc.’s portfolio, making the stock its 14th largest position. CNO Financial Group Inc.’s holdings in Welltower were worth $549,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of Welltower by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,835,706 shares of the real estate investment trust’s stock valued at $323,647,000 after buying an additional 128,593 shares during the last quarter. Norges Bank purchased a new stake in shares of Welltower during the fourth quarter valued at approximately $198,570,000. Federated Investors Inc. PA boosted its stake in shares of Welltower by 35.3% in the fourth quarter. Federated Investors Inc. PA now owns 2,149,239 shares of the real estate investment trust’s stock valued at $143,848,000 after buying an additional 561,133 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Welltower by 62.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,478,412 shares of the real estate investment trust’s stock valued at $98,061,000 after buying an additional 571,012 shares during the last quarter. Finally, Cullen Capital Management LLC boosted its stake in shares of Welltower by 0.3% in the third quarter. Cullen Capital Management LLC now owns 1,186,630 shares of the real estate investment trust’s stock valued at $88,724,000 after buying an additional 3,800 shares during the last quarter. Hedge funds and other institutional investors own 84.96% of the company’s stock.

Welltower Inc (NYSE:HCN) opened at 73.47 on Tuesday. The stock has a 50 day moving average price of $72.18 and a 200-day moving average price of $68.34. The stock has a market cap of $26.90 billion, a P/E ratio of 22.63 and a beta of 0.19. Welltower Inc has a 12-month low of $59.39 and a 12-month high of $80.19.

Welltower (NYSE:HCN) last released its quarterly earnings results on Friday, May 5th. The real estate investment trust reported $1.05 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.05. Welltower had a return on equity of 6.37% and a net margin of 20.74%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the firm posted $0.42 earnings per share. The company’s revenue was up 1.4% compared to the same quarter last year. On average, equities analysts expect that Welltower Inc will post $2.12 earnings per share for the current year. The firm also recently declared a quarterly dividend, which was paid on Monday, May 22nd. Investors of record on Tuesday, May 9th were paid a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 4.74%. The ex-dividend date of this dividend was Friday, May 5th. Welltower’s dividend payout ratio (DPR) is 153.98%.

Welltower (NYSE:HCN) last released its quarterly earnings results on Friday, May 5th. The real estate investment trust reported $1.05 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.05. Welltower had a return on equity of 6.37% and a net margin of 20.74%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the firm posted $0.42 earnings per share. The company’s revenue was up 1.4% compared to the same quarter last year. On average, equities analysts expect that Welltower Inc will post $2.12 earnings per share for the current year. HCN has been the subject of several research reports. Stifel Nicolaus boosted their price target on Welltower from $69.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, February 23rd. Royal Bank of Canada reiterated a “hold” rating and set a $72.00 price target on shares of Welltower in a research report on Monday. Zacks Investment Research upgraded Welltower from a “sell” rating to a “hold” rating in a research report on Monday, March 20th. Canaccord Genuity reiterated a “buy” rating and set a $86.00 price target on shares of Welltower in a research report on Friday, May 5th. Finally, Evercore ISI cut Welltower from an “in-line” rating to an “underperform” rating in a report on Monday, April 24th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. Welltower presently has an average rating of “Hold” and an average target price of $73.31.

In other Welltower news, Director Fred S. Klipsch sold 2,606 shares of the company’s stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $67.14, for a total transaction of $174,966.84. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Paul D. Nungester, Jr. sold 6,452 shares of the company’s stock in a transaction that occurred on Tuesday, March 28th. The shares were sold at an average price of $70.26, for a total value of $453,317.52. Following the sale, the insider now owns 33,795 shares in the company, valued at approximately $2,374,436.70. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock. Welltower Company Profile

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