AMP Capital Investors Ltd cut its holdings in shares of Welltower Inc. (NYSE:HCN) by 1.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,999,650 shares of the real estate investment trust’s stock after selling 31,794 shares during the quarter. Welltower accounts for approximately 0.8% of AMP Capital Investors Ltd’s holdings, making the stock its 20th biggest holding. AMP Capital Investors Ltd owned approximately 0.54% of Welltower worth $140,536,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Harbour Capital Advisors LLC grew its holdings in shares of 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 worth $153,000 after purchasing an additional 11,299 shares during the last quarter. Bessemer Group Inc. boosted its holdings 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 acquiring an additional 698 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Welltower by 14.9% in the second quarter. Daiwa Securities Group Inc. now owns 58,700 shares of the real estate investment trust’s stock valued at $4,394,000 after acquiring an additional 7,600 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its holdings in Welltower by 23.3% in the second quarter. Candriam Luxembourg S.C.A. now owns 31,791 shares of the real estate investment trust’s stock valued at $2,380,000 after acquiring an additional 6,000 shares in the last quarter. Finally, Korea Investment CORP boosted its holdings in shares of Welltower by 155.5% during the 2nd quarter. Korea Investment CORP now owns 197,961 shares of the real estate investment trust’s stock valued at $14,817,000 after buying an additional 120,488 shares in the last quarter. 86.67% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Gary Whitelaw acquired 1,420 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were acquired at an average cost of $68.39 per share, with a total value of $97,113.80. Following the acquisition, the director now directly owns 1,420 shares of the company’s stock, valued at $97,113.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.19% of the stock is owned by corporate insiders.
HCN has been the topic of a number of research reports. Capital One Financial upgraded shares of Welltower from an “equal weight” rating to an “overweight” rating in a report on Wednesday, November 8th. Bank of America cut shares of Welltower to a “neutral” rating and dropped their target price for the company from $78.00 to $77.00 in a report on Friday, September 22nd. Stifel Nicolaus lowered their price target on Welltower from $75.00 to $74.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. KeyCorp reaffirmed a “hold” rating on shares of Welltower in a research report on Tuesday, October 17th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $74.00 target price on shares of Welltower in a research report on Wednesday, September 6th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $73.07.
Shares of Welltower Inc. (NYSE:HCN) traded down $0.12 during trading hours on Friday, hitting $66.29. The company had a trading volume of 1,906,600 shares, compared to its average volume of 1,779,181. Welltower Inc. has a 52 week low of $63.05 and a 52 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. The company has a market cap of $24,591.73, a P/E ratio of 15.48, a PEG ratio of 4.47 and a beta of 0.25.
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 Thomson Reuters’ consensus estimate of $1.05 by $0.03. Welltower had a return on equity of 7.45% and a net margin of 22.67%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the company posted $1.16 EPS. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. research analysts predict that Welltower Inc. will post 4.24 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Tuesday, November 7th were issued a dividend of $0.87 per share. The ex-dividend date of this dividend was Monday, November 6th. This represents a $3.48 annualized dividend and a dividend yield of 5.25%. Welltower’s dividend payout ratio (DPR) is 140.32%.
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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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