JT Stratford LLC Purchases 4 Shares of Welltower Inc. (HCN)
JT Stratford LLC increased its position in Welltower Inc. (NYSE:HCN) by 0.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,510 shares of the real estate investment trust’s stock after purchasing an additional 4 shares during the period. JT Stratford LLC’s holdings in Welltower were worth $412,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Clear Perspective Advisors LLC grew its position in Welltower by 0.5% in the 2nd quarter. Clear Perspective Advisors LLC now owns 5,430 shares of the real estate investment trust’s stock valued at $406,000 after purchasing an additional 26 shares during the period. Shelton Capital Management bought a new stake in Welltower during the 2nd quarter valued at $224,000. Williams Jones & Associates LLC increased its stake in Welltower by 2.3% during the 2nd quarter. Williams Jones & Associates LLC now owns 142,476 shares of the real estate investment trust’s stock valued at $10,664,000 after purchasing an additional 3,171 shares in the last quarter. Miles Capital Inc. bought a new stake in Welltower during the 2nd quarter valued at $205,000. Finally, Sun Life Financial INC increased its stake in Welltower by 2,134.4% during the 2nd quarter. Sun Life Financial INC now owns 6,882 shares of the real estate investment trust’s stock valued at $515,000 after purchasing an additional 6,574 shares in the last quarter. Institutional investors own 85.90% of the company’s stock.
Welltower Inc. (HCN) traded down 1.2421% during trading on Wednesday, hitting $68.5775. The stock had a trading volume of 1,739,080 shares. The company has a market capitalization of $25.30 billion, a P/E ratio of 21.3571 and a beta of 0.24. Welltower Inc. has a 1-year low of $59.39 and a 1-year high of $78.17. The stock’s 50-day moving average price is $72.33 and its 200-day moving average price is $72.62.
Welltower (NYSE:HCN) last released its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.01. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. Welltower had a net margin of 28.94% and a return on equity of 8.74%. During the same period last year, the business earned $0.54 EPS. Analysts expect that Welltower Inc. will post $2.30 earnings per share for the current year.
Several research analysts have weighed in on the stock. BidaskClub upgraded shares of Welltower from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Capital One Financial Corporation initiated coverage on shares of Welltower in a report on Monday, September 25th. They set an “equal weight” rating and a $74.00 price objective for the company. Royal Bank Of Canada reiterated a “hold” rating and set a $74.00 price objective on shares of Welltower in a report on Wednesday, September 6th. Jefferies Group LLC reiterated a “hold” rating and set a $72.00 price objective on shares of Welltower in a report on Tuesday. Finally, UBS AG decreased their target price on shares of Welltower from $71.00 to $69.00 and set a “neutral” rating for the company in a research report on Monday. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. Welltower presently has an average rating of “Hold” and an average price target of $72.43.
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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