Welltower Inc. (HCN) Shares Sold by Lasalle Investment Management Securities LLC
Lasalle Investment Management Securities LLC cut its position in Welltower Inc. (NYSE:HCN) by 22.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,794,196 shares of the real estate investment trust’s stock after selling 1,976,835 shares during the period. Welltower comprises about 6.4% of Lasalle Investment Management Securities LLC’s holdings, making the stock its 3rd largest position. Lasalle Investment Management Securities LLC owned 1.84% of Welltower worth $508,546,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Bessemer Group Inc. increased 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 valued at $106,000 after buying an additional 698 shares in the last quarter. Trust Co. of Vermont increased 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 valued at $107,000 after buying an additional 450 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased 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 valued at $128,000 after buying an additional 212 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Welltower during the first quarter valued at approximately $129,000. Finally, Harbour Capital Advisors LLC increased its stake in Welltower by 7,385.0% in the second quarter. Harbour Capital Advisors LLC now owns 11,452 shares of the real estate investment trust’s stock valued at $153,000 after buying an additional 11,299 shares in the last quarter. Institutional investors and hedge funds own 86.00% of the company’s stock.
Shares of Welltower Inc. (NYSE:HCN) opened at 71.92 on Monday. The company has a market capitalization of $26.53 billion, a price-to-earnings ratio of 22.40 and a beta of 0.23. The company’s 50 day moving average price is $72.43 and its 200-day moving average price is $71.56. Welltower Inc. has a 1-year low of $59.39 and a 1-year high of $78.19.
Welltower (NYSE:HCN) last issued its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.01. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates 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 company posted $0.54 EPS. On average, equities analysts forecast that Welltower Inc. will post $2.30 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Tuesday, August 8th were paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date of this dividend was Friday, August 4th. Welltower’s dividend payout ratio (DPR) is 108.41%.
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Several equities research analysts have recently commented on HCN shares. Royal Bank Of Canada restated a “hold” rating and set a $72.00 price objective on shares of Welltower in a report on Monday, June 5th. BidaskClub upgraded Welltower from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Canaccord Genuity reiterated a “buy” rating and set a $86.00 price target on shares of Welltower in a report on Friday, May 5th. Mizuho reiterated a “neutral” rating on shares of Welltower in a report on Wednesday, June 28th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $65.00 price target on shares of Welltower in a report on Friday, May 12th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $72.58.
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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