Williams Jones & Associates LLC Boosts Stake in Welltower Inc. (HCN)
Williams Jones & Associates LLC lifted its holdings in Welltower Inc. (NYSE:HCN) by 2.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,476 shares of the real estate investment trust’s stock after buying an additional 3,171 shares during the period. Williams Jones & Associates LLC’s holdings in Welltower were worth $10,664,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of HCN. Financial Counselors Inc. grew its stake in Welltower by 6.2% during the 1st quarter. Financial Counselors Inc. now owns 7,959 shares of the real estate investment trust’s stock valued at $564,000 after acquiring an additional 468 shares in the last quarter. Kelman Lazarov Inc. raised its holdings in Welltower by 0.4% in the 2nd quarter. Kelman Lazarov Inc. now owns 13,325 shares of the real estate investment trust’s stock valued at $997,000 after acquiring an additional 50 shares during the last quarter. Legal & General Group Plc raised its holdings in Welltower by 6.0% in the 1st quarter. Legal & General Group Plc now owns 2,582,755 shares of the real estate investment trust’s stock valued at $182,908,000 after acquiring an additional 146,302 shares during the last quarter. Swiss National Bank raised its holdings in Welltower by 2.7% in the 2nd quarter. Swiss National Bank now owns 1,552,966 shares of the real estate investment trust’s stock valued at $116,240,000 after acquiring an additional 40,200 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in Welltower by 1.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 219,738 shares of the real estate investment trust’s stock valued at $16,448,000 after acquiring an additional 3,215 shares during the last quarter. 85.90% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Welltower Inc. (NYSE:HCN) traded down 0.68% during trading on Monday, hitting $69.80. 515,601 shares of the stock traded hands. Welltower Inc. has a 52-week low of $59.39 and a 52-week high of $78.17. The company’s 50 day moving average is $72.57 and its 200 day moving average is $72.34. The firm has a market cap of $25.75 billion, a PE ratio of 21.74 and a beta of 0.24.
Welltower (NYSE:HCN) last announced its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.01. Welltower had a net margin of 28.94% and a return on equity of 8.74%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the business earned $0.54 EPS. On average, equities research analysts predict that Welltower Inc. will post $2.30 EPS for the current year.
A number of research analysts have weighed in on the stock. UBS AG decreased their target price on shares of Welltower from $71.00 to $69.00 and set a “neutral” rating on the stock in a research note on Monday. Capital One Financial Corporation started coverage on Welltower in a research report on Monday, September 25th. They issued an “equal weight” rating and a $74.00 price target for the company. Bank of America Corporation cut Welltower to a “neutral” rating and cut their price target for the company from $78.00 to $77.00 in a report on Friday, September 22nd. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $74.00 price target on shares of Welltower in a report on Wednesday, September 6th. Finally, BMO Capital Markets reaffirmed a “sell” rating and issued a $68.00 price target on shares of Welltower in a report on Friday, July 28th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $71.93.
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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