Whittier Trust Co. of Nevada Inc. maintained its position in shares of Welltower Inc. (NYSE:HCN) during the second quarter, Holdings Channel reports. The firm owned 17,401 shares of the real estate investment trust’s stock at the end of the second quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Welltower were worth $1,325,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. NN Investment Partners Holdings N.V. acquired a new position in shares of Welltower during the first quarter valued at approximately $153,095,000. Nuveen Asset Management LLC boosted its stake in shares of Welltower by 21.8% in the first quarter. Nuveen Asset Management LLC now owns 2,919,960 shares of the real estate investment trust’s stock worth $202,470,000 after buying an additional 523,428 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Welltower by 18.3% in the first quarter. Renaissance Technologies LLC now owns 2,466,000 shares of the real estate investment trust’s stock worth $170,992,000 after buying an additional 381,800 shares in the last quarter. State Street Corp boosted its stake in shares of Welltower by 1.5% in the first quarter. State Street Corp now owns 20,368,110 shares of the real estate investment trust’s stock worth $1,412,324,000 after buying an additional 301,240 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Welltower by 36.6% in the second quarter. American Century Companies Inc. now owns 796,699 shares of the real estate investment trust’s stock worth $60,685,000 after buying an additional 213,467 shares in the last quarter. Institutional investors and hedge funds own 87.85% of the company’s stock.
Welltower Inc. (NYSE:HCN) traded down 0.13% during trading on Thursday, reaching $70.29. 2,538,563 shares of the company were exchanged. The firm’s 50 day moving average price is $75.45 and its 200-day moving average price is $73.41. The stock has a market capitalization of $25.16 billion, a price-to-earnings ratio of 38.04 and a beta of 0.35. Welltower Inc. has a one year low of $52.80 and a one year high of $80.19.
Welltower (NYSE:HCN) last posted its earnings results on Tuesday, August 2nd. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.01. Welltower had a net margin of 17.15% and a return on equity of 5.08%. The firm earned $1.08 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the business posted $1.09 EPS. The business’s revenue was up 12.5% compared to the same quarter last year. On average, equities research analysts predict that Welltower Inc. will post $4.58 earnings per share for the current year.
A number of analysts have commented on HCN shares. Morgan Stanley cut shares of Welltower from an “overweight” rating to an “equal weight” rating and set a $69.00 price target for the company. in a research note on Wednesday, June 22nd. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $72.00 price target on shares of Welltower in a research note on Thursday, June 30th. Citigroup Inc. increased their price target on shares of Welltower from $70.00 to $73.00 and gave the company a “neutral” rating in a research note on Thursday, July 7th. Hilliard Lyons cut shares of Welltower from a “neutral” rating to an “underperform” rating in a research note on Tuesday, August 2nd. Finally, Royal Bank Of Canada increased their price target on shares of Welltower from $72.00 to $77.00 and gave the company a “sector perform” rating in a research note 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. The company has a consensus rating of “Hold” and a consensus target price of $72.25.
In related news, COO Jeffrey H. Miller sold 24,777 shares of the business’s 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 transaction, the chief operating officer now directly owns 136,095 shares of the company’s stock, valued at approximately $10,615,410. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Scott A. Estes sold 3,192 shares of the business’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $74.11, for a total transaction of $236,559.12. Following the completion of the transaction, the chief financial officer now directly owns 133,126 shares in the company, valued at $9,865,967.86. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by 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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