Welltower Inc. (HCN) CFO Sells $236,559.12 in Stock
Welltower Inc. (NYSE:HCN) CFO Scott A. Estes sold 3,192 shares of Welltower stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $74.11, for a total value of $236,559.12. Following the completion of the transaction, the chief financial officer now owns 133,126 shares of the company’s stock, valued at approximately $9,865,967.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Welltower Inc. (NYSE:HCN) opened at 71.88 on Wednesday. Welltower Inc. has a 1-year low of $52.80 and a 1-year high of $80.19. The firm has a 50-day moving average price of $75.63 and a 200-day moving average price of $73.44. The firm has a market capitalization of $25.73 billion, a PE ratio of 38.90 and a beta of 0.35.
Welltower (NYSE:HCN) last issued its earnings results on Tuesday, August 2nd. The real estate investment trust reported $1.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.01. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.04 billion. Welltower had a return on equity of 5.08% and a net margin of 17.15%. The company’s revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.09 EPS. Equities analysts expect that Welltower Inc. will post $4.58 earnings per share for the current fiscal year.
Several brokerages have issued reports on HCN. Hilliard Lyons downgraded Welltower from a “neutral” rating to an “underperform” rating in a research report on Tuesday, August 2nd. Canaccord Genuity boosted their target price on Welltower from $79.00 to $86.00 and gave the stock a “buy” rating in a research report on Monday, August 15th. Citigroup Inc. boosted their target price on Welltower from $73.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, August 11th. RBC Capital Markets restated a “sector perform” rating and set a $77.00 target price (up previously from $72.00) on shares of Welltower in a research report on Thursday, August 4th. Finally, Royal Bank Of Canada boosted their target price on Welltower from $72.00 to $77.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 4th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $72.25.
Large investors have recently modified their holdings of the stock. Aperio Group LLC increased its stake in shares of Welltower by 8.9% in the first quarter. Aperio Group LLC now owns 82,912 shares of the real estate investment trust’s stock worth $5,749,000 after buying an additional 6,756 shares in the last quarter. Nikko Asset Management Americas Inc. acquired a new stake in shares of Welltower during the first quarter worth $124,000. NN Investment Partners Holdings N.V. acquired a new stake in shares of Welltower during the first quarter worth $153,095,000. Landscape Capital Management L.L.C. increased its stake in shares of Welltower by 73.7% in the first quarter. Landscape Capital Management L.L.C. now owns 49,498 shares of the real estate investment trust’s stock worth $3,432,000 after buying an additional 20,996 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. acquired a new stake in shares of Welltower during the first quarter worth $3,223,000. 87.85% of the stock is currently owned by hedge funds and other institutional investors.
Welltower Inc, formerly Health Care REIT, Inc, is a provider of healthcare infrastructure. The Company operates through three segments: triple-net, which includes independent living facilities, independent supportive living facilities (Canada), continuing care retirement communities, assisted living facilities, care homes with and without nursing (United Kingdom), Alzheimer’s/dementia care facilities, long-term/post-acute care facilities and hospitals; seniors housing operating, which includes a range of facility types, including independent living facilities and independent supportive living facilities, assisted living facilities, care homes and Alzheimer’s/dementia care facilities, and outpatient medical, which includes outpatient medical buildings.
Receive News & Stock Ratings for Welltower Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower Inc. and related stocks with our FREE daily email newsletter.