Welltower Inc. (HCN) Position Increased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. increased its holdings in Welltower Inc. (NYSE:HCN) by 1.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,187 shares of the real estate investment trust’s stock after purchasing an additional 1,620 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Welltower were worth $6,901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Clear Perspective Advisors LLC boosted its position in Welltower by 0.5% during the 2nd quarter. Clear Perspective Advisors LLC now owns 5,430 shares of the real estate investment trust’s stock valued at $406,000 after acquiring an additional 26 shares in the last quarter. Cutter & CO Brokerage Inc. boosted its position in Welltower by 0.5% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 5,777 shares of the real estate investment trust’s stock valued at $432,000 after acquiring an additional 27 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its position in Welltower by 0.6% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 5,030 shares of the real estate investment trust’s stock valued at $376,000 after acquiring an additional 30 shares in the last quarter. First Heartland Consultants Inc. boosted its position in Welltower by 0.6% during the 2nd quarter. First Heartland Consultants Inc. now owns 5,690 shares of the real estate investment trust’s stock valued at $426,000 after acquiring an additional 33 shares in the last quarter. Finally, Kelman Lazarov Inc. boosted its position in Welltower by 0.4% during the 2nd quarter. Kelman Lazarov Inc. now owns 13,325 shares of the real estate investment trust’s stock valued at $997,000 after acquiring an additional 50 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

Several analysts have weighed in on HCN shares. Bank of America Corporation cut Welltower to a “neutral” rating and cut their price objective for the company from $78.00 to $77.00 in a research report on Friday, September 22nd. KeyCorp reaffirmed a “hold” rating on shares of Welltower in a research report on Tuesday, October 17th. BidaskClub lowered shares of Welltower from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Royal Bank Of Canada reiterated a “hold” rating and set a $74.00 target price on shares of Welltower in a report on Wednesday, September 6th. Finally, Stifel Nicolaus lowered their target price on shares of Welltower from $75.00 to $74.00 and set a “buy” rating for the company in a report on Friday, November 3rd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $72.71.

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Shares of Welltower Inc. (HCN) traded down $0.35 during midday trading on Thursday, reaching $67.74. 2,358,800 shares of the company were exchanged, compared to its average volume of 1,768,015. Welltower Inc. has a 52 week low of $61.08 and a 52 week high of $78.17. The stock has a market cap of $25,217.59, a price-to-earnings ratio of 15.87, a P/E/G ratio of 4.59 and a beta of 0.24. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.76 and a current ratio of 1.76.

Welltower (NYSE:HCN) last announced its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.03. Welltower had a net margin of 22.67% and a return on equity of 7.45%. 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 previous year, the business earned $1.16 EPS. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. equities research analysts predict that Welltower Inc. will post 4.23 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Tuesday, November 7th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Monday, November 6th. This represents a $3.48 dividend on an annualized basis and a yield of 5.14%. Welltower’s payout ratio is currently 140.32%.

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.

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Institutional Ownership by Quarter for Welltower (NYSE:HCN)

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