Nomura Holdings Inc. acquired a new position in shares of Welltower Inc. (NYSE:HCN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 13,504 shares of the real estate investment trust’s stock, valued at approximately $1,026,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Washington Trust Bank raised its position in shares of Welltower by 11.1% in the second quarter. Washington Trust Bank now owns 1,498 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 150 shares during the last quarter. Nikko Asset Management Americas Inc. purchased a new position in shares of Welltower during the first quarter worth $124,000. Pennsylvania Trust Co purchased a new position in shares of Welltower during the second quarter worth $202,000. Sawtooth Asset Management Inc. purchased a new position in shares of Welltower during the second quarter worth $205,000. Finally, Appleton Partners Inc. MA purchased a new position in shares of Welltower during the second quarter worth $208,000. Institutional investors own 87.85% of the company’s stock.
Welltower Inc. (NYSE:HCN) opened at 76.80 on Tuesday. The stock’s 50 day moving average price is $76.20 and its 200-day moving average price is $73.09. Welltower Inc. has a 12 month low of $52.80 and a 12 month high of $80.19. The firm has a market capitalization of $27.49 billion, a P/E ratio of 41.56 and a beta of 0.43.
Welltower (NYSE:HCN) last released its quarterly earnings data on Tuesday, August 2nd. The real estate investment trust reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.01. The company had revenue of $1.08 billion for 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 company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the business posted $1.09 EPS. On average, analysts forecast that Welltower Inc. will post $4.58 earnings per share for the current year.
A number of research analysts have weighed in on the company. Wells Fargo & Co. restated a “buy” rating on shares of Welltower in a report on Sunday, September 4th. Royal Bank Of Canada raised their price objective on Welltower from $72.00 to $77.00 and gave the company a “sector perform” rating in a report on Thursday, August 4th. Citigroup Inc. raised their price objective on Welltower from $73.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, August 11th. Hilliard Lyons lowered Welltower from a “neutral” rating to an “underperform” rating in a report on Tuesday, August 2nd. Finally, BTIG Research assumed coverage on Welltower in a report on Thursday, August 25th. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $72.25.
In related news, CFO Scott A. Estes sold 3,192 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $78.97, for a total transaction of $252,072.24. Following the sale, the chief financial officer now directly owns 133,126 shares in the company, valued at approximately $10,512,960.22. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Scott A. Estes sold 3,193 shares of the firm’s stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $76.39, for a total value of $243,913.27. Following the sale, the chief financial officer now owns 133,127 shares in the company, valued at $10,169,571.53. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.
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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