National Pension Service Boosts Position in Welltower Inc (HCN)

National Pension Service boosted its position in shares of Welltower Inc (NYSE:HCN) by 8.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 384,352 shares of the real estate investment trust’s stock after acquiring an additional 29,040 shares during the quarter. National Pension Service owned 0.10% of Welltower worth $24,510,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. First Heartland Consultants Inc. increased its position in Welltower by 33.5% in 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 in the last quarter. Cohen & Steers Inc. purchased a new stake in Welltower in the third quarter worth about $125,329,000. Arrowstreet Capital Limited Partnership purchased a new stake in Welltower in the second quarter worth about $1,332,000. Cubist Systematic Strategies LLC increased its position in Welltower by 355.5% in the third quarter. Cubist Systematic Strategies LLC now owns 16,867 shares of the real estate investment trust’s stock worth $1,185,000 after buying an additional 13,164 shares in the last quarter. Finally, State of Tennessee Treasury Department increased its position in Welltower by 18.4% in the third quarter. State of Tennessee Treasury Department now owns 118,597 shares of the real estate investment trust’s stock worth $8,335,000 after buying an additional 18,447 shares in the last quarter. Institutional investors own 86.46% of the company’s stock.

In other news, Director Gary Whitelaw purchased 1,420 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was bought at an average cost of $68.39 per share, with a total value of $97,113.80. Following the completion of the purchase, the director now owns 1,420 shares in the company, valued at $97,113.80. The purchase was disclosed in a legal filing 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 analysts have commented on the company. ValuEngine upgraded Welltower from a “hold” rating to a “buy” rating in a research report on Saturday, January 13th. BMO Capital Markets set a $57.00 price objective on Welltower and gave the stock a “sell” rating in a research note on Monday, January 15th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $74.00 price objective on shares of Welltower in a research note on Tuesday, October 10th. Jefferies Group reaffirmed a “hold” rating and issued a $72.00 price objective on shares of Welltower in a research note on Tuesday, October 3rd. Finally, Stephens set a $70.00 price objective on Welltower and gave the stock a “buy” rating in a research note on Friday, January 12th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $72.08.

Welltower Inc (NYSE:HCN) opened at $59.29 on Friday. The firm has a market capitalization of $21,958.46, a PE ratio of 23.91, a PEG ratio of 3.93 and a beta of 0.25. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.76. Welltower Inc has a one year low of $58.24 and a one year high of $78.17.

Welltower (NYSE:HCN) last announced its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.03. Welltower had a return on equity of 7.45% and a net margin of 22.67%. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the company earned $1.16 earnings per share. The firm’s revenue was up 1.1% on a year-over-year basis. research analysts forecast that Welltower Inc will post 4.24 EPS for the current year.

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Welltower 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.

Institutional Ownership by Quarter for Welltower (NYSE:HCN)

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