Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Welltower Inc. (NYSE:HCN) by 9.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 112,911 shares of the real estate investment trust’s stock after purchasing an additional 9,595 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Welltower were worth $7,927,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in HCN. PGGM Investments increased its holdings in Welltower by 112.9% during the third quarter. PGGM Investments now owns 4,768,912 shares of the real estate investment trust’s stock valued at $335,159,000 after buying an additional 2,529,412 shares during the last quarter. Uniplan Investment Counsel Inc. increased its holdings in Welltower by 311.2% during the second quarter. Uniplan Investment Counsel Inc. now owns 2,883,118 shares of the real estate investment trust’s stock valued at $53,217,000 after buying an additional 2,181,913 shares during the last quarter. Cohen & Steers Inc. purchased a new stake in Welltower during the third quarter valued at approximately $125,329,000. Standard Life Investments LTD increased its holdings in Welltower by 84.5% during the second quarter. Standard Life Investments LTD now owns 2,279,176 shares of the real estate investment trust’s stock valued at $170,517,000 after buying an additional 1,043,676 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Welltower by 11.3% during the third quarter. Bank of New York Mellon Corp now owns 7,592,729 shares of the real estate investment trust’s stock valued at $533,618,000 after buying an additional 768,861 shares during the last quarter. 86.67% of the stock is owned by hedge funds and other institutional investors.
Welltower Inc. (HCN) traded down $0.40 on Tuesday, hitting $65.92. 2,106,800 shares of the company’s stock were exchanged, compared to its average volume of 1,773,471. The company has a market capitalization of $24,562.06, a price-to-earnings ratio of 15.46, a P/E/G ratio of 4.46 and a beta of 0.25. Welltower Inc. has a fifty-two week low of $63.05 and a fifty-two week high of $78.17. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.79.
Welltower (NYSE:HCN) last posted its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.03. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.06 billion. Welltower had a net margin of 22.67% and a return on equity of 7.45%. The company’s revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.16 earnings per share. equities research analysts expect that Welltower Inc. will post 4.24 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Tuesday, November 7th were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Monday, November 6th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.28%. Welltower’s dividend payout ratio is 140.32%.
In related news, Director Gary Whitelaw bought 1,420 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was purchased at an average price of $68.39 per share, for a total transaction of $97,113.80. Following the completion of the transaction, the director now owns 1,420 shares in the company, valued at $97,113.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.19% of the stock is currently owned by corporate insiders.
A number of brokerages have commented on HCN. Mizuho reaffirmed a “hold” rating and set a $67.00 target price on shares of Welltower in a report on Monday. Royal Bank of Canada reaffirmed a “hold” rating and set a $74.00 target price on shares of Welltower in a report on Tuesday, October 10th. Jefferies Group reaffirmed a “hold” rating and set a $72.00 target price on shares of Welltower in a report on Tuesday, October 3rd. Capital One Financial began coverage on shares of Welltower in a report on Monday, September 25th. They set an “equal weight” rating and a $74.00 target price for the company. Finally, UBS dropped their price target on shares of Welltower from $71.00 to $69.00 and set a “neutral” rating for the company in a research report on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. Welltower currently has an average rating of “Hold” and a consensus price target of $73.07.
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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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