Checchi Capital Advisers LLC Lowers Position in Welltower Inc. (HCN)
Checchi Capital Advisers LLC lowered its stake in shares of Welltower Inc. (NYSE:HCN) by 13.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,659 shares of the real estate investment trust’s stock after selling 563 shares during the period. Checchi Capital Advisers LLC’s holdings in Welltower were worth $274,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the stock. Welch & Forbes LLC boosted its stake in shares of Welltower by 0.5% in the first quarter. Welch & Forbes LLC now owns 3,070 shares of the real estate investment trust’s stock worth $217,000 after buying an additional 15 shares during the period. Smith Moore & CO. boosted its position in Welltower by 0.5% in the first quarter. Smith Moore & CO. now owns 4,005 shares of the real estate investment trust’s stock worth $284,000 after buying an additional 19 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its position in Welltower by 0.6% in the second quarter. Farmers & Merchants Investments Inc. now owns 5,030 shares of the real estate investment trust’s stock worth $376,000 after buying an additional 30 shares during the last quarter. First Heartland Consultants Inc. boosted its position in Welltower by 0.6% in the second quarter. First Heartland Consultants Inc. now owns 5,690 shares of the real estate investment trust’s stock worth $426,000 after buying an additional 33 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its position in Welltower by 0.9% in the first quarter. Mackenzie Financial Corp now owns 4,469 shares of the real estate investment trust’s stock worth $316,000 after buying an additional 38 shares during the last quarter. 85.15% of the stock is owned by institutional investors.
Welltower Inc. (NYSE HCN) opened at 72.00 on Thursday. The stock’s 50 day moving average is $73.08 and its 200-day moving average is $71.33. Welltower Inc. has a 12-month low of $59.39 and a 12-month high of $78.19. The company has a market capitalization of $26.56 billion, a P/E ratio of 22.42 and a beta of 0.23.
Welltower (NYSE:HCN) last posted its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.01. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Welltower had a net margin of 28.94% and a return on equity of 8.74%. During the same quarter in the prior year, the business earned $0.54 earnings per share. On average, equities analysts predict that Welltower Inc. will post $2.31 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Tuesday, August 8th will be issued a $0.87 dividend. The ex-dividend date is Friday, August 4th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.83%. Welltower’s dividend payout ratio (DPR) is currently 108.41%.
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A number of equities analysts have weighed in on the stock. BMO Capital Markets reissued a “sell” rating and issued a $68.00 price objective on shares of Welltower in a research report on Friday, July 28th. Mizuho reiterated a “neutral” rating on shares of Welltower in a research note on Wednesday, June 28th. Zacks Investment Research lowered shares of Welltower from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. BidaskClub lowered shares of Welltower from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $72.00 target price on shares of Welltower in a research report on Wednesday, May 3rd. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus 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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