Parametric Portfolio Associates LLC increased its position in shares of Welltower Inc (NYSE:HCN) by 4.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 799,323 shares of the real estate investment trust’s stock after acquiring an additional 35,063 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.22% of Welltower worth $56,176,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in the company. First Heartland Consultants Inc. increased its stake in shares of Welltower by 33.5% during the third quarter. First Heartland Consultants Inc. now owns 7,595 shares of the real estate investment trust’s stock worth $534,000 after buying an additional 1,905 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in Welltower in the second quarter valued at approximately $1,332,000. Oppenheimer Asset Management Inc. increased its stake in Welltower by 1.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 219,738 shares of the real estate investment trust’s stock valued at $16,448,000 after purchasing an additional 3,215 shares during the last quarter. Cohen & Steers Inc. purchased a new position in Welltower in the third quarter valued at approximately $125,329,000. Finally, Swiss National Bank increased its stake in Welltower by 2.7% in the second quarter. Swiss National Bank now owns 1,552,966 shares of the real estate investment trust’s stock valued at $116,240,000 after purchasing an additional 40,200 shares during the last quarter. 86.35% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Welltower from a “hold” rating to a “sell” rating in a research report on Tuesday. Mizuho reaffirmed a “hold” rating and set a $67.00 price target on shares of Welltower in a report on Monday, December 11th. Capital One Financial raised Welltower from an “equal weight” rating to an “overweight” rating in a report on Wednesday, November 8th. Stifel Nicolaus decreased their price target on Welltower from $75.00 to $74.00 and set a “buy” rating for the company in a report on Friday, November 3rd. Finally, KeyCorp reissued a “hold” rating on shares of Welltower in a report on Tuesday, October 17th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $73.17.
Welltower Inc (HCN) traded down $0.56 during trading on Thursday, reaching $60.17. The company had a trading volume of 2,410,000 shares, compared to its average volume of 2,170,000. 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 stock has a market cap of $22,200.00, a PE ratio of 52.78, a PEG ratio of 4.13 and a beta of 0.25. Welltower Inc has a 1 year low of $60.14 and a 1 year high of $78.17.
Welltower (NYSE:HCN) last posted its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $1.08 EPS for the quarter, beating the consensus estimate of $1.05 by $0.03. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Welltower had a return on equity of 7.45% and a net margin of 22.67%. The firm’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.16 EPS. equities research analysts predict that Welltower Inc will post 4.24 EPS for the current fiscal year.
In other news, Director Gary Whitelaw acquired 1,420 shares of Welltower 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 purchase, the director now directly owns 1,420 shares of the company’s stock, valued at approximately $97,113.80. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.19% of the company’s stock.
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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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