Donaldson Capital Management LLC raised its position in Welltower Inc. (NYSE:HCN) by 3.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 347,447 shares of the real estate investment trust’s stock after buying an additional 10,877 shares during the quarter. Welltower makes up approximately 2.6% of Donaldson Capital Management LLC’s portfolio, making the stock its 18th biggest position. Donaldson Capital Management LLC owned approximately 0.09% of Welltower worth $24,419,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cipher Capital LP acquired a new position in shares of Welltower in the third quarter valued at approximately $2,613,000. Spectrum Management Group Inc. acquired a new position in shares of Welltower in the third quarter valued at approximately $100,000. Commonwealth Equity Services Inc increased its holdings in shares of Welltower by 2.4% in the third quarter. Commonwealth Equity Services Inc now owns 110,373 shares of the real estate investment trust’s stock valued at $7,757,000 after purchasing an additional 2,624 shares during the period. Columbia Asset Management acquired a new position in shares of Welltower in the third quarter valued at approximately $252,000. Finally, Quadrant Capital Management LLC increased its holdings in shares of Welltower by 2.5% in the third quarter. Quadrant Capital Management LLC now owns 36,033 shares of the real estate investment trust’s stock valued at $2,532,000 after purchasing an additional 875 shares during the period. Institutional investors own 86.23% of the company’s stock.
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HCN has been the topic of a number of recent research reports. Jefferies Group LLC reissued a “hold” rating and issued a $72.00 target price on shares of Welltower in a report on Tuesday, October 3rd. KeyCorp reissued a “hold” rating on shares of Welltower in a report on Tuesday, October 17th. BidaskClub lowered Welltower from a “hold” rating to a “sell” rating in a report on Friday, July 28th. 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 target price on the stock. Finally, Bank of America Corporation lowered Welltower to a “neutral” rating and dropped their price objective for the stock from $78.00 to $77.00 in a report on Friday, September 22nd. Three investment 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 stock currently has a consensus rating of “Hold” and a consensus target price of $72.71.
Welltower Inc. (NYSE HCN) traded up $0.20 during trading on Friday, reaching $67.94. The company’s stock had a trading volume of 1,784,800 shares, compared to its average volume of 1,768,090. 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 firm has a market capitalization of $25,050.00, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 4.56 and a beta of 0.25. Welltower Inc. has a 12 month low of $61.08 and a 12 month high of $78.17.
Welltower (NYSE:HCN) last posted its earnings results on Tuesday, November 7th. The real estate investment trust reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.03. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.06 billion. Welltower had a return on equity of 7.45% and a net margin of 22.67%. Welltower’s 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 earnings per share. equities research analysts anticipate that Welltower Inc. will post 4.23 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Tuesday, November 7th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 5.12%. The ex-dividend date of this dividend is Monday, November 6th. Welltower’s dividend payout ratio (DPR) is 305.26%.
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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