Bogart Wealth LLC lifted its stake in shares of Welltower Inc (NYSE:HCN) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,374 shares of the real estate investment trust’s stock after purchasing an additional 1,478 shares during the period. Welltower accounts for 1.1% of Bogart Wealth LLC’s investment portfolio, making the stock its 19th biggest holding. Bogart Wealth LLC’s holdings in Welltower were worth $1,682,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of HCN. Spectrum Management Group Inc. purchased a new stake in shares of Welltower during the 3rd quarter worth approximately $100,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of Welltower during the 3rd quarter worth approximately $101,000. San Francisco Sentry Investment Group CA increased its stake in shares of Welltower by 1,048.5% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,539 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 1,405 shares during the last quarter. Hudock Capital Group LLC increased its stake in shares of Welltower by 543.7% during the 3rd quarter. Hudock Capital Group LLC now owns 2,002 shares of the real estate investment trust’s stock worth $140,000 after purchasing an additional 1,691 shares during the last quarter. Finally, Miles Capital Inc. purchased a new stake in shares of Welltower during the 2nd quarter worth approximately $205,000. Institutional investors own 86.35% of the company’s stock.
A number of research analysts recently weighed in on HCN shares. Jefferies Group reiterated a “hold” rating and issued a $72.00 price objective on shares of Welltower in a research note on Tuesday, October 3rd. KeyCorp reiterated a “hold” rating on shares of Welltower in a research note on Tuesday, October 17th. Capital One Financial started coverage on shares of Welltower in a research note on Monday, September 25th. They issued an “equal weight” rating and a $74.00 price objective for the company. UBS Group reduced their price objective on shares of Welltower from $71.00 to $69.00 and set a “neutral” rating for the company in a research note on Monday, October 2nd. Finally, Bank of America lowered shares of Welltower to a “neutral” rating and reduced their price objective for the company from $78.00 to $77.00 in a research note on Friday, September 22nd. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. Welltower presently has a consensus rating of “Hold” and an average price target of $73.17.
Welltower Inc (NYSE:HCN) opened at $60.71 on Thursday. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.79. Welltower Inc has a fifty-two week low of $60.70 and a fifty-two week high of $78.17. The company has a market cap of $22,390.00, a price-to-earnings ratio of 53.25, a price-to-earnings-growth ratio of 4.13 and a beta of 0.25.
Welltower (NYSE:HCN) last posted its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $1.08 earnings per share (EPS) 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 the consensus estimate of $1.06 billion. During the same period in the previous year, the firm posted $1.16 EPS. The firm’s revenue was up 1.1% compared to the same quarter last year. equities research analysts anticipate that Welltower Inc will post 4.24 earnings per share for the current year.
Welltower Company 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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