Cetera Advisors LLC lessened its stake in shares of Welltower Inc. (NYSE:HCN) by 15.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,355 shares of the real estate investment trust’s stock after selling 5,214 shares during the period. Cetera Advisors LLC’s holdings in Welltower were worth $1,998,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. Independent Advisor Alliance boosted its stake in Welltower by 11.5% during the 3rd quarter. Independent Advisor Alliance now owns 17,078 shares of the real estate investment trust’s stock valued at $1,166,000 after purchasing an additional 1,755 shares during the last quarter. Wealthcare Advisory Partners LLC purchased a new position in shares of Welltower in the 3rd quarter worth $101,000. First Heartland Consultants Inc. boosted its stake in shares of Welltower by 33.5% in the 3rd quarter. First Heartland Consultants Inc. now owns 7,595 shares of the real estate investment trust’s stock worth $534,000 after buying an additional 1,905 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Welltower by 10.5% in the 3rd quarter. Neuberger Berman Group LLC now owns 532,777 shares of the real estate investment trust’s stock worth $37,444,000 after buying an additional 50,455 shares during the last quarter. Finally, Green Square Capital LLC purchased a new position in shares of Welltower in the 3rd quarter worth $288,000. 86.67% of the stock is owned by institutional investors.
In other Welltower news, Director Gary Whitelaw purchased 1,420 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were acquired at an average cost of $68.39 per share, with a total value of $97,113.80. Following the completion of the acquisition, the director now directly owns 1,420 shares in the company, valued at $97,113.80. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.19% of the stock is owned by company insiders.
Welltower Inc. (NYSE:HCN) traded up $0.29 during trading hours on Thursday, reaching $66.41. The company’s stock had a trading volume of 2,331,100 shares, compared to its average volume of 1,778,650. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $24,480.58, a PE ratio of 15.41, a PEG ratio of 4.45 and a beta of 0.25. Welltower Inc. has a twelve month low of $63.05 and a twelve 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 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.03. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Welltower had a return on equity of 7.45% and a net margin of 22.67%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the firm earned $1.16 earnings per share. research analysts forecast that Welltower Inc. will post 4.24 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Tuesday, November 7th were issued a dividend of $0.87 per share. The ex-dividend date of this dividend was Monday, November 6th. This represents a $3.48 dividend on an annualized basis and a yield of 5.24%. Welltower’s dividend payout ratio is presently 140.32%.
A number of equities analysts have recently issued reports on the company. Stifel Nicolaus dropped their price target on Welltower from $75.00 to $74.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. Royal Bank of Canada restated a “hold” rating and issued a $74.00 price target on shares of Welltower in a research note on Tuesday, October 10th. Mizuho restated a “hold” rating and issued a $67.00 price target on shares of Welltower in a research note on Monday. Capital One Financial upgraded Welltower from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, November 8th. Finally, Bank of America downgraded Welltower to a “neutral” rating and lowered their target price for the company from $78.00 to $77.00 in a research report on Friday, September 22nd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $73.07.
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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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