Welltower Inc. (HCN) Holdings Maintained by Sentry Investment Management LLC
Sentry Investment Management LLC maintained its position in shares of Welltower Inc. (NYSE:HCN) during the second quarter, according to the company in its most recent filing with the SEC. The firm owned 25,162 shares of the real estate investment trust’s stock at the close of the second quarter. Sentry Investment Management LLC’s holdings in Welltower were worth $1,883,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of HCN. Bessemer Group Inc. increased its holdings in shares of Welltower by 97.6% during the 2nd quarter. Bessemer Group Inc. now owns 1,413 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 698 shares during the period. Harbour Capital Advisors LLC increased its holdings in shares of Welltower by 7,385.0% during the 2nd quarter. Harbour Capital Advisors LLC now owns 11,452 shares of the real estate investment trust’s stock worth $153,000 after purchasing an additional 11,299 shares during the period. Flagship Harbor Advisors LLC bought a new position in shares of Welltower during the 1st quarter worth about $204,000. Appleton Partners Inc. MA bought a new position in shares of Welltower during the 2nd quarter worth about $204,000. Finally, Miles Capital Inc. bought a new position in shares of Welltower during the 2nd quarter worth about $205,000. Institutional investors own 85.77% of the company’s stock.
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Shares of Welltower Inc. (HCN) traded up 0.18% during mid-day trading on Tuesday, reaching $68.19. 357,128 shares of the company’s stock traded hands. Welltower Inc. has a 12 month low of $59.39 and a 12 month high of $78.17. The firm has a 50 day moving average price of $71.61 and a 200-day moving average price of $72.56. The stock has a market cap of $25.15 billion, a PE ratio of 21.24 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 (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.01. The company had revenue of $1.06 billion for 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 in the previous year, the firm posted $0.54 EPS. On average, analysts predict that Welltower Inc. will post $2.30 earnings per share for the current fiscal year.
Several research analysts have recently issued reports on the stock. KeyCorp restated a “hold” rating on shares of Welltower in a report on Tuesday. BMO Capital Markets restated a “sell” rating and set a $68.00 price objective on shares of Welltower in a report on Friday, July 28th. BidaskClub downgraded shares of Welltower from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Royal Bank Of Canada restated a “hold” rating and set a $74.00 price objective on shares of Welltower in a report on Tuesday, October 10th. Finally, UBS AG dropped their price objective on shares of Welltower from $71.00 to $69.00 and set a “neutral” rating on the stock in a report on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. The stock 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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