Forward Management LLC held its stake in shares of Welltower Inc (NYSE:HCN) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,000 shares of the real estate investment trust’s stock at the end of the first quarter. Forward Management LLC’s holdings in Welltower were worth $1,275,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of HCN. Utah Retirement Systems increased its stake in Welltower by 0.9% in the third quarter. Utah Retirement Systems now owns 78,816 shares of the real estate investment trust’s stock worth $5,893,000 after buying an additional 700 shares during the period. Transamerica Financial Advisors Inc. increased its stake in Welltower by 11.4% in the third quarter. Transamerica Financial Advisors Inc. now owns 7,515 shares of the real estate investment trust’s stock worth $562,000 after buying an additional 770 shares during the period. ProVise Management Group LLC increased its stake in Welltower by 2.7% in the third quarter. ProVise Management Group LLC now owns 51,123 shares of the real estate investment trust’s stock worth $3,822,000 after buying an additional 1,335 shares during the period. Rikoon Group LLC purchased a new stake in Welltower during the third quarter worth approximately $1,099,000. Finally, Sigma Planning Corp increased its stake in Welltower by 21.1% in the third quarter. Sigma Planning Corp now owns 13,777 shares of the real estate investment trust’s stock worth $1,030,000 after buying an additional 2,398 shares during the period. 84.96% of the stock is owned by institutional investors and hedge funds.
Shares of Welltower Inc (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. Welltower Inc has a 52-week low of $59.39 and a 52-week high of $80.19. The stock has a market capitalization of $26.90 billion, a PE ratio of 22.63 and a beta of 0.19.
Welltower (NYSE:HCN) last posted its quarterly 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. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Welltower had a return on equity of 6.37% and a net margin of 20.74%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the firm earned $0.42 EPS. On average, equities research analysts anticipate that Welltower Inc will post $2.12 EPS for the current fiscal year. The company also recently disclosed a quarterly dividend, which was paid on Monday, May 22nd. Investors of record on Tuesday, May 9th were issued a dividend of $0.87 per share. The ex-dividend date was Friday, May 5th. This represents a $3.48 annualized dividend and a yield of 4.74%. Welltower’s dividend payout ratio is presently 153.98%.
A number of equities research analysts recently commented on the company. Evercore ISI downgraded Welltower from an “in-line” rating to an “underperform” rating in a report on Monday, April 24th. Royal Bank of Canada reaffirmed a “hold” rating and set a $72.00 target price on shares of Welltower in a report on Monday. Zacks Investment Research downgraded Welltower from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. Canaccord Genuity reissued a “buy” rating and issued a $86.00 price target on shares of Welltower in a report on Monday, May 15th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $65.00 price target on shares of Welltower in a report on Friday, May 12th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. Welltower has an average rating of “Hold” and an average price target of $73.31. In other Welltower news, insider Paul D. Nungester, Jr. sold 6,452 shares of the firm’s stock in a transaction on Tuesday, March 28th. The stock was sold at an average price of $70.26, for a total transaction of $453,317.52. Following the completion of the transaction, the insider now owns 33,795 shares of the company’s stock, valued at $2,374,436.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Fred S. Klipsch sold 2,606 shares of the firm’s stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $67.14, for a total value of $174,966.84. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.
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