Private Asset Management Inc. Sells 44,423 Shares of Welltower Inc. (HCN)

Private Asset Management Inc. lowered its stake in Welltower Inc. (NYSE:HCN) by 92.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,434 shares of the real estate investment trust’s stock after selling 44,423 shares during the quarter. Private Asset Management Inc.’s holdings in Welltower were worth $3,434,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of HCN. Cleararc Capital Inc. lifted its stake in Welltower by 0.5% in the 1st quarter. Cleararc Capital Inc. now owns 8,844 shares of the real estate investment trust’s stock valued at $626,000 after buying an additional 45 shares in the last quarter. Global X Management Co. LLC raised its holdings in Welltower by 20.5% in the 1st quarter. Global X Management Co. LLC now owns 8,367 shares of the real estate investment trust’s stock valued at $593,000 after acquiring an additional 1,425 shares during the last quarter. Mackenzie Financial Corp raised its holdings in Welltower by 0.9% in the 1st quarter. Mackenzie Financial Corp now owns 4,469 shares of the real estate investment trust’s stock valued at $316,000 after acquiring an additional 38 shares during the last quarter. Vanguard Group Inc. raised its holdings in Welltower by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 52,225,248 shares of the real estate investment trust’s stock valued at $3,698,592,000 after acquiring an additional 1,304,013 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in Welltower by 7.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 96,025 shares of the real estate investment trust’s stock valued at $6,801,000 after acquiring an additional 6,856 shares during the last quarter. 85.77% of the stock is currently owned by hedge funds and other institutional investors.

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Welltower Inc. (NYSE HCN) traded down 0.03% during mid-day trading on Wednesday, hitting $68.17. The stock had a trading volume of 309,522 shares. Welltower Inc. has a one year low of $59.39 and a one year high of $78.17. The stock has a market cap of $25.15 billion, a PE ratio of 21.23 and a beta of 0.24. The firm’s 50-day moving average is $71.61 and its 200 day moving average is $72.56.

Welltower (NYSE:HCN) last issued its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.01. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. Welltower had a net margin of 28.94% and a return on equity of 8.74%. During the same quarter last year, the business posted $0.54 EPS. Equities research analysts expect that Welltower Inc. will post $2.30 EPS for the current year.

Several research analysts have weighed in on HCN shares. BidaskClub upgraded Welltower from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Capital One Financial Corporation started coverage on Welltower in a report on Monday, September 25th. They issued an “equal weight” rating and a $74.00 price target for the company. Royal Bank Of Canada reiterated a “hold” rating and issued a $74.00 price target on shares of Welltower in a report on Wednesday, September 6th. KeyCorp reiterated a “hold” rating on shares of Welltower in a report on Tuesday. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $72.00 price target on shares of Welltower in a report on Tuesday, October 3rd. Three equities research analysts have rated the stock wi

A number of other hedge funds also recently bought and sold shares of HCN. Cleararc Capital Inc. lifted its stake in Welltower by 0.5% in the 1st quarter. Cleararc Capital Inc. now owns 8,844 shares of the real estate investment trust’s stock valued at $626,000 after buying an additional 45 shares in the last quarter. Global X Management Co. LLC raised its holdings in Welltower by 20.5% in the 1st quarter. Global X Management Co. LLC now owns 8,367 shares of the real estate investment trust’s stock valued at $593,000 after acquiring an additional 1,425 shares during the last quarter. Mackenzie Financial Corp raised its holdings in Welltower by 0.9% in the 1st quarter. Mackenzie Financial Corp now owns 4,469 shares of the real estate investment trust’s stock valued at $316,000 after acquiring an additional 38 shares during the last quarter. Vanguard Group Inc. raised its holdings in Welltower by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 52,225,248 shares of the real estate investment trust’s stock valued at $3,698,592,000 after acquiring an additional 1,304,013 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in Welltower by 7.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 96,025 shares of the real estate investment trust’s stock valued at $6,801,000 after acquiring an additional 6,856 shares during the last quarter. 85.77% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: This piece was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/18/private-asset-management-inc-sells-44423-shares-of-welltower-inc-hcn.html.

Welltower Inc. (NYSE HCN) traded down 0.03% during mid-day trading on Wednesday, hitting $68.17. The stock had a trading volume of 309,522 shares. Welltower Inc. has a one year low of $59.39 and a one year high of $78.17. The stock has a market cap of $25.15 billion, a PE ratio of 21.23 and a beta of 0.24. The firm’s 50-day moving average is $71.61 and its 200 day moving average is $72.56.

Welltower (NYSE:HCN) last issued its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.01. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. Welltower had a net margin of 28.94% and a return on equity of 8.74%. During the same quarter last year, the business posted $0.54 EPS. Equities research analysts expect that Welltower Inc. will post $2.30 EPS for the current year.

Several research analysts have weighed in on HCN shares. BidaskClub upgraded Welltower from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Capital One Financial Corporation started coverage on Welltower in a report on Monday, September 25th. They issued an “equal weight” rating and a $74.00 price target for the company. Royal Bank Of Canada reiterated a “hold” rating and issued a $74.00 price target on shares of Welltower in a report on Wednesday, September 6th. KeyCorp reiterated a “hold” rating on shares of Welltower in a report on Tuesday. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $72.00 price target on shares of Welltower in a report on Tuesday, October 3rd. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $72.43.

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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Institutional Ownership by Quarter for Welltower (NYSE:HCN)

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