Quantitative Systematic Strategies LLC purchased a new position in shares of Welltower Inc. (NYSE:HCN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,755 shares of the real estate investment trust’s stock, valued at approximately $888,000.
Other large investors have also recently bought and sold shares of the company. Nikko Asset Management Americas Inc. purchased a new stake in Welltower during the first quarter worth approximately $124,000. Landscape Capital Management L.L.C. raised its stake in Welltower by 73.7% in the first quarter. Landscape Capital Management L.L.C. now owns 49,498 shares of the real estate investment trust’s stock worth $3,432,000 after buying an additional 20,996 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in Welltower during the first quarter worth approximately $3,223,000. Cannell Peter B & Co Inc raised its stake in Welltower by 8.6% in the first quarter. Cannell Peter B & Co Inc now owns 83,660 shares of the real estate investment trust’s stock worth $5,801,000 after buying an additional 6,615 shares in the last quarter. Finally, Ancora Inverness LLC raised its stake in Welltower by 0.8% in the first quarter. Ancora Inverness LLC now owns 52,595 shares of the real estate investment trust’s stock worth $3,647,000 after buying an additional 420 shares in the last quarter. Institutional investors own 87.85% of the company’s stock.
Welltower Inc. (NYSE:HCN) traded down 1.46% during trading on Tuesday, reaching $68.77. 986,042 shares of the company’s stock traded hands. The firm has a market cap of $24.61 billion, a price-to-earnings ratio of 37.21 and a beta of 0.35. Welltower Inc. has a one year low of $52.80 and a one year high of $80.19. The company has a 50 day moving average of $74.86 and a 200 day moving average of $73.53.
Welltower (NYSE:HCN) last released its quarterly earnings data on Tuesday, August 2nd. The real estate investment trust reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.01. The firm earned $1.08 billion during the quarter, compared to the consensus estimate of $1.04 billion. Welltower had a return on equity of 5.08% and a net margin of 17.15%. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.09 earnings per share. Equities research analysts predict that Welltower Inc. will post $4.58 EPS for the current year.
A number of equities research analysts recently commented on HCN shares. Morgan Stanley lowered shares of Welltower from an “overweight” rating to an “equal weight” rating and set a $69.00 price target for the company. in a report on Wednesday, June 22nd. JPMorgan Chase & Co. reiterated a “hold” rating and set a $72.00 price target on shares of Welltower in a report on Thursday, June 30th. Citigroup Inc. upped their price target on shares of Welltower from $70.00 to $73.00 and gave the company a “neutral” rating in a report on Thursday, July 7th. Hilliard Lyons lowered shares of Welltower from a “neutral” rating to an “underperform” rating in a report on Tuesday, August 2nd. Finally, Royal Bank Of Canada upped their price objective on shares of Welltower from $72.00 to $77.00 and gave the stock a “sector perform” rating in a report on Thursday, August 4th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company. Welltower currently has an average rating of “Hold” and a consensus price target of $72.25.
In related news, CFO Scott A. Estes sold 3,192 shares of Welltower stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $78.97, for a total value of $252,072.24. Following the completion of the sale, the chief financial officer now directly owns 133,126 shares in the company, valued at $10,512,960.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jeffrey H. Miller sold 24,777 shares of Welltower stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $78.00, for a total value of $1,932,606.00. Following the completion of the sale, the chief operating officer now owns 136,095 shares of the company’s stock, valued at $10,615,410. The disclosure for this sale can be found here. 0.29% of the stock is owned by corporate insiders.
Welltower Company Profile
Welltower Inc, formerly Health Care REIT, Inc, is a provider of healthcare infrastructure. The Company operates through three segments: triple-net, which includes independent living facilities, independent supportive living facilities (Canada), continuing care retirement communities, assisted living facilities, care homes with and without nursing (United Kingdom), Alzheimer’s/dementia care facilities, long-term/post-acute care facilities and hospitals; seniors housing operating, which includes a range of facility types, including independent living facilities and independent supportive living facilities, assisted living facilities, care homes and Alzheimer’s/dementia care facilities, and outpatient medical, which includes outpatient medical buildings.
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