Pioneer Investment Management Inc. Lowers Position in Welltower Inc. (NYSE:HCN)
Pioneer Investment Management Inc. lowered its stake in shares of Welltower Inc. (NYSE:HCN) by 10.5% during the second quarter, Holdings Channel reports. The firm owned 104,300 shares of the real estate investment trust’s stock after selling 12,200 shares during the period. Pioneer Investment Management Inc.’s holdings in Welltower were worth $7,807,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of HCN. Vanguard Group Inc. boosted its stake in Welltower by 2.6% in the first quarter. Vanguard Group Inc. now owns 52,225,248 shares of the real estate investment trust’s stock valued at $3,698,592,000 after buying an additional 1,304,013 shares during the period. Epoch Investment Partners Inc. boosted its stake in Welltower by 15.7% in the first quarter. Epoch Investment Partners Inc. now owns 5,633,662 shares of the real estate investment trust’s stock valued at $398,975,000 after buying an additional 766,140 shares during the period. Dimensional Fund Advisors LP boosted its stake in Welltower by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,915,979 shares of the real estate investment trust’s stock valued at $348,149,000 after buying an additional 80,273 shares during the period. Geode Capital Management LLC boosted its stake in Welltower by 8.1% in the first quarter. Geode Capital Management LLC now owns 4,162,790 shares of the real estate investment trust’s stock valued at $294,452,000 after buying an additional 313,209 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in Welltower by 3.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,773,974 shares of the real estate investment trust’s stock valued at $196,453,000 after buying an additional 88,028 shares during the period. Hedge funds and other institutional investors own 85.62% of the company’s stock.
Shares of Welltower Inc. (HCN) opened at 70.40 on Friday. Welltower Inc. has a 52 week low of $59.39 and a 52 week high of $78.71. The stock’s 50 day moving average is $73.55 and its 200-day moving average is $71.18. The company has a market cap of $25.97 billion, a price-to-earnings ratio of 21.92 and a beta of 0.23.
Welltower (NYSE:HCN) last posted its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.01. The company 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 quarter last year, the firm posted $0.54 EPS. On average, equities analysts anticipate that Welltower Inc. will post $2.31 earnings per share for the current year.
The business also recently declared 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 annualized dividend and a yield of 4.94%. The ex-dividend date is Friday, August 4th. Welltower’s dividend payout ratio is presently 108.41%.
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Several analysts have recently weighed in on HCN shares. Royal Bank Of Canada restated a “hold” rating and set a $72.00 price objective on shares of Welltower in a research report on Monday, June 5th. BidaskClub upgraded shares of Welltower from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Canaccord Genuity restated a “buy” rating and set a $86.00 price objective on shares of Welltower in a research report on Friday, May 5th. Zacks Investment Research cut shares of Welltower from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. Finally, Evercore ISI cut shares of Welltower from an “in-line” rating to an “underperform” rating in a research report on Monday, April 24th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus 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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