Fjarde AP Fonden Fourth Swedish National Pension Fund Raises Holdings in Welltower Inc. (HCN)
Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Welltower Inc. (NYSE:HCN) by 6.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,133 shares of the real estate investment trust’s stock after acquiring an additional 5,843 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Welltower were worth $6,545,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the business. Comerica Bank boosted its stake in Welltower by 4.1% in the third quarter. Comerica Bank now owns 132,009 shares of the real estate investment trust’s stock valued at $8,872,000 after acquiring an additional 5,179 shares during the period. Bank of New York Mellon Corp boosted its stake in Welltower by 11.3% in the third quarter. Bank of New York Mellon Corp now owns 7,592,729 shares of the real estate investment trust’s stock valued at $533,618,000 after acquiring an additional 768,861 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in Welltower by 7.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 33,284 shares of the real estate investment trust’s stock valued at $2,494,000 after acquiring an additional 2,188 shares during the period. Sigma Planning Corp boosted its position in shares of Welltower by 12.0% during the third quarter. Sigma Planning Corp now owns 13,166 shares of the real estate investment trust’s stock worth $925,000 after buying an additional 1,409 shares during the period. Finally, Teacher Retirement System of Texas boosted its position in shares of Welltower by 3.1% during the third quarter. Teacher Retirement System of Texas now owns 186,434 shares of the real estate investment trust’s stock worth $13,103,000 after buying an additional 5,621 shares during the period. Institutional investors own 86.23% of the company’s stock.
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HCN has been the subject of several analyst reports. Stifel Nicolaus reduced their price objective on Welltower from $75.00 to $74.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Capital One Financial Corporation upgraded Welltower from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, November 8th. KeyCorp reiterated a “hold” rating on shares of Welltower in a research report on Tuesday, October 17th. Royal Bank Of Canada reiterated a “hold” rating and set a $74.00 price objective on shares of Welltower in a research report on Tuesday, October 10th. Finally, UBS AG reduced their price objective on Welltower from $71.00 to $69.00 and set a “neutral” rating for the company in a research report on Monday, October 2nd. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. Welltower presently has a consensus rating of “Hold” and a consensus price target of $72.71.
Shares of Welltower Inc. (HCN) traded down $0.35 during trading hours on Thursday, reaching $67.74. The company had a trading volume of 2,358,800 shares, compared to its average volume of 1,768,015. Welltower Inc. has a 1 year low of $61.08 and a 1 year high of $78.17. The company has a market capitalization of $25,217.59, a PE ratio of 15.87, a price-to-earnings-growth ratio of 4.59 and a beta of 0.24. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.76 and a current ratio of 1.76.
Welltower (NYSE:HCN) last announced its earnings results on Tuesday, November 7th. The real estate investment trust reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.03. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Welltower had a return on equity of 7.45% and a net margin of 22.67%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.16 earnings per share. equities analysts predict that Welltower Inc. will post 4.23 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Tuesday, November 7th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Monday, November 6th. This represents a $3.48 annualized dividend and a dividend yield of 5.14%. Welltower’s dividend payout ratio is currently 140.32%.
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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