Manning & Napier Advisors LLC Sells 4,300 Shares of Welltower Inc. (HCN)
Manning & Napier Advisors LLC lowered its stake in Welltower Inc. (NYSE:HCN) by 3.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 110,230 shares of the real estate investment trust’s stock after selling 4,300 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Welltower were worth $7,745,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of the stock. Clear Perspective Advisors LLC lifted its stake 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 buying an additional 26 shares in the last quarter. Cutter & CO Brokerage Inc. raised its holdings in Welltower by 0.5% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 5,777 shares of the real estate investment trust’s stock valued at $432,000 after acquiring an additional 27 shares during the last quarter. Farmers & Merchants Investments Inc. raised its holdings in Welltower by 0.6% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 5,030 shares of the real estate investment trust’s stock valued at $376,000 after acquiring an additional 30 shares during the last quarter. First Heartland Consultants Inc. raised its holdings in Welltower by 0.6% in the 2nd quarter. First Heartland Consultants Inc. now owns 5,690 shares of the real estate investment trust’s stock valued at $426,000 after acquiring an additional 33 shares during the last quarter. Finally, 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. 86.23% of the stock is currently owned by hedge funds and other institutional investors.
Welltower Inc. (NYSE:HCN) traded up $0.02 during mid-day trading on Friday, hitting $67.96. The stock had a trading volume of 1,357,857 shares, compared to its average volume of 1,766,255. The firm has a market cap of $25,190.00, a P/E ratio of 15.87, a price-to-earnings-growth ratio of 4.59 and a beta of 0.25. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.79. Welltower Inc. has a 1-year low of $61.08 and a 1-year high of $78.17.
Welltower (NYSE:HCN) last released its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.03. Welltower had a return on equity of 7.45% and a net margin of 22.67%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the firm posted $1.16 EPS. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. equities analysts forecast that Welltower Inc. will post 4.23 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Tuesday, November 7th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $3.48 dividend on an annualized basis and a yield of 5.12%. Welltower’s dividend payout ratio (DPR) is 305.26%.
Several research analysts have weighed in on HCN shares. Bank of America Corporation downgraded 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. KeyCorp reiterated a “hold” rating on shares of Welltower in a report on Tuesday, October 17th. BidaskClub downgraded Welltower from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Royal Bank Of Canada reiterated a “hold” rating and issued a $74.00 price target on shares of Welltower in a report on Wednesday, September 6th. Finally, Stifel Nicolaus cut their price target on Welltower from $75.00 to $74.00 and set a “buy” rating for the company in a report on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. Welltower has an average rating of “Hold” and a consensus price target of $72.71.
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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