Alps Advisors Inc. reduced its stake in Welltower Inc. (NYSE:HCN) by 11.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,263 shares of the real estate investment trust’s stock after selling 3,507 shares during the quarter. Alps Advisors Inc.’s holdings in Welltower were worth $1,916,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kelman Lazarov Inc. raised its position in Welltower by 0.4% in the 2nd quarter. Kelman Lazarov Inc. now owns 13,325 shares of the real estate investment trust’s stock valued at $997,000 after buying an additional 50 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in Welltower by 1.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 219,738 shares of the real estate investment trust’s stock valued at $16,448,000 after buying an additional 3,215 shares during the last quarter. Swiss National Bank raised its position in Welltower by 2.7% in the 2nd quarter. Swiss National Bank now owns 1,552,966 shares of the real estate investment trust’s stock valued at $116,240,000 after buying an additional 40,200 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Welltower in the 2nd quarter valued at $1,332,000. Finally, Intl Fcstone Inc. purchased a new stake in Welltower in the 2nd quarter valued at $655,000. 86.23% of the stock is owned by institutional investors and hedge funds.
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A number of equities research analysts recently commented on HCN shares. Jefferies Group LLC reissued a “hold” rating and issued a $72.00 price target on shares of Welltower in a research report on Tuesday, October 3rd. KeyCorp reissued a “hold” rating on shares of Welltower in a research report on Tuesday, October 17th. BidaskClub lowered Welltower from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Capital One Financial Corporation started coverage on Welltower in a research report on Monday, September 25th. They issued an “equal weight” rating and a $74.00 price target for the company. Finally, Bank of America Corporation lowered Welltower to a “neutral” rating and lowered their price target for the company from $78.00 to $77.00 in a research report on Friday, September 22nd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $72.71.
Welltower Inc. (NYSE:HCN) traded down $0.16 during mid-day trading on Monday, hitting $68.12. The stock had a trading volume of 1,400,000 shares, compared to its average volume of 1,763,577. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.76. The company has a market cap of $25,228.71, a P/E ratio of 15.88, a price-to-earnings-growth ratio of 4.38 and a beta of 0.24. Welltower Inc. has a 12 month low of $60.62 and a 12 month 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 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.03. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.06 billion. Welltower had a return on equity of 7.45% and a net margin of 22.67%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.16 EPS. analysts predict that Welltower Inc. will post 4.23 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Tuesday, November 7th will be paid a dividend of $0.87 per share. The ex-dividend date is Monday, November 6th. This represents a $3.48 annualized dividend and a dividend yield of 5.11%. Welltower’s payout ratio is 140.32%.
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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