IFC Holdings Incorporated FL Has $269,000 Stake in Welltower Inc. (HCN)
IFC Holdings Incorporated FL raised its stake in Welltower Inc. (NYSE:HCN) by 4.9% during the second quarter, Holdings Channel reports. The firm owned 3,612 shares of the real estate investment trust’s stock after buying an additional 168 shares during the period. IFC Holdings Incorporated FL’s holdings in Welltower were worth $269,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the company. Motco boosted its stake in shares of Welltower by 5.5% in the first quarter. Motco now owns 2,935 shares of the real estate investment trust’s stock valued at $208,000 after buying an additional 153 shares during the period. Hexavest Inc. boosted its stake in shares of Welltower by 4.8% in the first quarter. Hexavest Inc. now owns 1,014,180 shares of the real estate investment trust’s stock valued at $71,824,000 after buying an additional 46,156 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Welltower by 33.2% in the first quarter. State of Alaska Department of Revenue now owns 209,141 shares of the real estate investment trust’s stock valued at $14,810,000 after buying an additional 52,161 shares during the period. LGT Capital Partners LTD. boosted its stake in shares of Welltower by 12.6% in the first quarter. LGT Capital Partners LTD. now owns 225,655 shares of the real estate investment trust’s stock valued at $15,981,000 after buying an additional 25,180 shares during the period. Finally, Sabal Trust CO boosted its stake in shares of Welltower by 2.1% in the first quarter. Sabal Trust CO now owns 324,528 shares of the real estate investment trust’s stock valued at $22,983,000 after buying an additional 6,592 shares during the period. Institutional investors and hedge funds own 85.15% of the company’s stock.
Welltower Inc. (NYSE HCN) opened at 71.24 on Wednesday. The company’s 50-day moving average is $73.21 and its 200-day moving average is $71.33. Welltower Inc. has a 52-week low of $59.39 and a 52-week high of $78.19. The firm has a market capitalization of $26.28 billion, a PE ratio of 22.19 and a beta of 0.23.
Welltower (NYSE:HCN) last announced its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.01. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. Welltower had a net margin of 28.94% and a return on equity of 8.74%. During the same period last year, the firm posted $0.54 earnings per share. Analysts forecast that Welltower Inc. will post $2.31 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Tuesday, August 8th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date is Friday, August 4th. Welltower’s dividend payout ratio is currently 108.41%.
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Several brokerages have weighed in on HCN. 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 report on Wednesday, June 28th. Evercore ISI cut shares of Welltower from an “in-line” rating to an “underperform” rating in a research report on Monday, April 24th. Royal Bank Of Canada restated a “hold” rating and issued a $72.00 target price on shares of Welltower in a research report on Monday, June 5th. Finally, BMO Capital Markets restated a “sell” rating and issued a $68.00 target price on shares of Welltower in a research report on Friday, July 28th. 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. The stock presently has an average rating of “Hold” and a consensus price target 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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