Teza Capital Management LLC Takes Position in Welltower Inc (HCN)

Teza Capital Management LLC bought a new stake in shares of Welltower Inc (NYSE:HCN) during the first quarter, Holdings Channel reports. The firm bought 5,687 shares of the real estate investment trust’s stock, valued at approximately $403,000.

Other hedge funds also recently made changes to their positions in the company. Trust Co. of Vermont raised its stake in shares of 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 during the period. Duncker Streett & Co. Inc. raised its stake in shares of Welltower by 47.6% in the first quarter. Duncker Streett & Co. Inc. now owns 1,584 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 511 shares during the period. Advantage Investment Management LLC bought a new stake in shares of Welltower during the fourth quarter valued at about $110,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of 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 during the period. Finally, Ledyard National Bank raised its stake in shares of Welltower by 42.7% in the first quarter. Ledyard National Bank now owns 1,820 shares of the real estate investment trust’s stock valued at $129,000 after buying an additional 545 shares during the period. Institutional investors and hedge funds own 84.96% of the company’s stock.

Institutional Ownership by Quarter for Welltower (NYSE:HCN)

Shares of Welltower Inc (NYSE:HCN) traded up 0.528% during trading on Friday, reaching $73.315. 1,220,872 shares of the company’s stock were exchanged. The stock has a market capitalization of $26.85 billion, a price-to-earnings ratio of 22.586 and a beta of 0.19. Welltower Inc has a 52 week low of $59.39 and a 52 week high of $80.19. The stock has a 50 day moving average price of $71.77 and a 200-day moving average price of $67.56.

Welltower (NYSE:HCN) last released its quarterly earnings results on Friday, May 5th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.05. Welltower had a net margin of 20.74% and a return on equity of 6.37%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the company earned $0.42 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. Analysts predict that Welltower Inc will post $2.10 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, May 22nd. Shareholders of record on Tuesday, May 9th will be paid a dividend of $0.87 per share. The ex-dividend date is Friday, May 5th. This represents a $3.48 annualized dividend and a dividend yield of 4.77%. Welltower’s dividend payout ratio is currently 153.98%.

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Several equities analysts have recently weighed in on HCN shares. Canaccord Genuity reissued a “buy” rating and issued a $86.00 price target on shares of Welltower in a research note on Monday. Jefferies Group LLC reissued a “hold” rating and issued a $65.00 price target on shares of Welltower in a research note on Friday, May 12th. Zacks Investment Research downgraded shares of Welltower from a “hold” rating to a “sell” rating in a research note on Wednesday, March 8th. Stifel Nicolaus raised their price target on shares of Welltower from $69.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, February 23rd. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $72.00 price target on shares of Welltower in a research note on Wednesday, May 3rd. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $73.31.

In other news, insider Paul D. Nungester, Jr. sold 6,452 shares of the stock in a transaction dated Tuesday, March 28th. The shares were sold at an average price of $70.26, for a total transaction of $453,317.52. Following the transaction, the insider now directly owns 33,795 shares in the company, valued at approximately $2,374,436.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Fred S. Klipsch sold 2,606 shares of the stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $67.14, for a total transaction of $174,966.84. The disclosure for this sale can be found here. 0.29% of the stock is owned by company insiders.

About Welltower

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.

5 Day Chart for NYSE:HCN

Want to see what other hedge funds are holding HCN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Welltower Inc (NYSE:HCN).

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