RFG Advisory Group LLC Has $372,000 Position in Welltower Inc. (HCN)
RFG Advisory Group LLC boosted its position in shares of Welltower Inc. (NYSE:HCN) by 56.0% during the first quarter, Holdings Channel reports. The institutional investor owned 5,222 shares of the real estate investment trust’s stock after buying an additional 1,874 shares during the period. RFG Advisory Group LLC’s holdings in Welltower were worth $372,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of HCN. Green Street Investors LLC purchased a new stake in Welltower during the first quarter worth about $14,136,000. Asset Management One Co. Ltd. raised its stake in Welltower by 62.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,478,412 shares of the real estate investment trust’s stock worth $98,061,000 after buying an additional 571,012 shares in the last quarter. Texas Yale Capital Corp. raised its stake in Welltower by 0.6% in the fourth quarter. Texas Yale Capital Corp. now owns 25,488 shares of the real estate investment trust’s stock worth $1,706,000 after buying an additional 156 shares in the last quarter. Moloney Securities Asset Management LLC purchased a new stake in Welltower during the fourth quarter worth about $1,137,000. Finally, Ancora Advisors LLC purchased a new stake in Welltower during the fourth quarter worth about $2,963,000. Institutional investors own 88.10% of the company’s stock.
Welltower Inc. (HCN) traded up 1.25% during trading on Friday, reaching $75.60. 3,944,156 shares of the company’s stock were exchanged. Welltower Inc. has a 52-week low of $59.39 and a 52-week high of $80.19. The stock’s 50-day moving average price is $72.38 and its 200-day moving average price is $68.96. The company has a market capitalization of $27.68 billion, a price-to-earnings ratio of 23.29 and a beta of 0.26.
Welltower (NYSE:HCN) last issued its earnings results on Friday, May 5th. The real estate investment trust reported $1.05 EPS for the quarter, meeting analysts’ consensus estimates of $1.05. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. Welltower had a return on equity of 8.94% and a net margin of 29.10%. Welltower’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 earnings per share. Equities analysts expect that Welltower Inc. will post $2.14 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, May 22nd. Investors of record on Tuesday, May 9th were paid a $0.87 dividend. The ex-dividend date of this dividend was Friday, May 5th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.60%. Welltower’s payout ratio is 107.41%.
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HCN has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, March 29th. Morgan Stanley upgraded shares of Welltower from an “equal weight” rating to an “overweight” rating and set a $73.00 price objective on the stock in a research note on Monday, March 20th. Stifel Nicolaus lifted their price objective on shares of Welltower from $69.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, February 23rd. Evercore ISI downgraded shares of Welltower from an “in-line” rating to an “underperform” rating in a research report on Monday, April 24th. Finally, Canaccord Genuity reissued a “buy” rating and set a $86.00 price target on shares of Welltower in a research report on Friday, May 5th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. Welltower currently has a consensus rating of “Hold” and a consensus price target of $73.31.
In related news, insider Paul D. Nungester, Jr. sold 6,452 shares of the company’s stock in a transaction on Tuesday, March 28th. The stock was sold at an average price of $70.26, for a total value of $453,317.52. Following the completion of the transaction, the insider now directly owns 33,795 shares in the company, valued at $2,374,436.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.19% of the company’s stock.
Welltower Company Profile
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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