Daiwa Securities Group Inc. Sells 3,021,178 Shares of Welltower Inc. (HCN)
Daiwa Securities Group Inc. reduced its stake in Welltower Inc. (NYSE:HCN) by 81.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 666,960 shares of the real estate investment trust’s stock after selling 3,021,178 shares during the period. Daiwa Securities Group Inc. owned approximately 0.19% of Welltower worth $49,869,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Lasalle Investment Management Securities LLC raised its position in Welltower by 5.7% in the second quarter. Lasalle Investment Management Securities LLC now owns 9,631,189 shares of the real estate investment trust’s stock valued at $733,608,000 after buying an additional 519,997 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Welltower by 0.8% in the third quarter. Bank of New York Mellon Corp now owns 8,671,043 shares of the real estate investment trust’s stock valued at $648,335,000 after buying an additional 67,025 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Welltower by 1.5% in the second quarter. Principal Financial Group Inc. now owns 6,609,987 shares of the real estate investment trust’s stock valued at $503,483,000 after buying an additional 97,537 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Welltower by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,672,429 shares of the real estate investment trust’s stock valued at $355,896,000 after buying an additional 144,377 shares in the last quarter. Finally, Aew Capital Management L P boosted its stake in shares of Welltower by 1.6% in the second quarter. Aew Capital Management L P now owns 3,880,987 shares of the real estate investment trust’s stock valued at $295,615,000 after buying an additional 62,700 shares in the last quarter. 84.87% of the stock is owned by hedge funds and other institutional investors.
Welltower Inc. (NYSE:HCN) traded up 0.27% during midday trading on Tuesday, reaching $63.57. 193,081 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $66.41 and its 200 day moving average price is $72.56. The firm has a market cap of $23.05 billion, a price-to-earnings ratio of 28.04 and a beta of 0.25. Welltower Inc. has a 1-year low of $52.80 and a 1-year high of $80.19.
Welltower (NYSE:HCN) last released its quarterly earnings data on Wednesday, November 2nd. The real estate investment trust reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.01. The business earned $1.08 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Welltower had a net margin of 20.74% and a return on equity of 6.37%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.12 EPS. Equities research analysts anticipate that Welltower Inc. will post $4.54 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 21st. Shareholders of record on Tuesday, November 8th were issued a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date was Friday, November 4th. Welltower’s payout ratio is 152.21%.
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Several analysts have weighed in on HCN shares. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Welltower in a research note on Sunday, September 4th. BTIG Research started coverage on shares of Welltower in a research note on Thursday, August 25th. They set a “neutral” rating on the stock. Canaccord Genuity reaffirmed a “buy” rating and set a $86.00 price objective on shares of Welltower in a research note on Tuesday, September 13th. BMO Capital Markets reaffirmed a “sell” rating and set a $70.00 price objective on shares of Welltower in a research note on Wednesday, November 2nd. Finally, Mizuho decreased their price objective on shares of Welltower from $75.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 3rd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company. Welltower currently has an average rating of “Hold” and an average target price of $73.06.
In other Welltower news, Director Timothy J. Naughton bought 2,000 shares of Welltower stock in a transaction on Thursday, November 10th. The shares were purchased at an average cost of $60.69 per share, with a total value of $121,380.00. Following the acquisition, the director now directly owns 9,158 shares of the company’s stock, valued at approximately $555,799.02. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jeffrey H. Miller sold 24,777 shares of the business’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $78.00, for a total transaction of $1,932,606.00. Following the sale, the chief operating officer now directly owns 136,095 shares in the company, valued at $10,615,410. The disclosure for this sale can be found here. Company insiders own 0.29% of the company’s stock.
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.
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