New Mexico Educational Retirement Board cut its position in shares of Welltower Inc. (NYSE:HCN) by 3.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 84,256 shares of the real estate investment trust’s stock after selling 2,800 shares during the period. New Mexico Educational Retirement Board’s holdings in Welltower were worth $6,183,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the stock. Bessemer Group Inc. boosted its stake in Welltower by 97.6% in the second quarter. Bessemer Group Inc. now owns 1,413 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 698 shares in the last quarter. Trust Co. of Vermont boosted its stake in Welltower by 42.7% in the first quarter. Trust Co. of Vermont now owns 1,505 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 450 shares in the last quarter. Duncker Streett & Co. Inc. boosted its stake in Welltower by 47.6% in the first quarter. Duncker Streett & Co. Inc. now owns 1,584 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 511 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Welltower by 13.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,813 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 212 shares in the last quarter. Finally, Ledyard National Bank boosted its stake in Welltower by 42.7% in the first quarter. Ledyard National Bank now owns 1,820 shares of the real estate investment trust’s stock worth $129,000 after buying an additional 545 shares in the last quarter. Institutional investors own 85.15% of the company’s stock.
Welltower Inc. (HCN) traded down 0.63% during mid-day trading on Friday, hitting $70.65. The stock had a trading volume of 1,403,730 shares. The stock has a market cap of $26.06 billion, a PE ratio of 22.00 and a beta of 0.23. Welltower Inc. has a one year low of $59.39 and a one year high of $78.19. The firm’s 50-day moving average is $72.81 and its 200 day moving average is $71.36.
Welltower (NYSE:HCN) last released its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.01. Welltower had a net margin of 28.94% and a return on equity of 8.74%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. Equities research analysts expect that Welltower Inc. will post $2.31 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Tuesday, August 8th will be given a $0.87 dividend. The ex-dividend date is Friday, August 4th. This represents a $3.48 dividend on an annualized basis and a yield of 4.93%. Welltower’s payout ratio is 108.41%.
A number of research firms have weighed in on HCN. BMO Capital Markets restated a “sell” rating and issued a $68.00 price target on shares of Welltower in a research note on Friday, July 28th. Mizuho reiterated a “neutral” rating on shares of Welltower in a research report on Wednesday, June 28th. Zacks Investment Research cut Welltower from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. BidaskClub cut Welltower from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $72.00 target price on shares of Welltower in a research report on Wednesday, May 3rd. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Welltower presently has an average rating of “Hold” and an average target price of $72.77.
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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