Welltower Inc. (HCN) Shares Sold by Cetera Advisor Networks LLC
Cetera Advisor Networks LLC decreased its position in Welltower Inc. (NYSE:HCN) by 3.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,006 shares of the real estate investment trust’s stock after selling 1,129 shares during the period. Cetera Advisor Networks LLC’s holdings in Welltower were worth $1,973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of HCN. PGGM Investments grew its position in shares of Welltower by 112.9% during the 3rd quarter. PGGM Investments now owns 4,768,912 shares of the real estate investment trust’s stock valued at $335,159,000 after acquiring an additional 2,529,412 shares during the period. Uniplan Investment Counsel Inc. grew its stake in shares of Welltower by 311.2% during the second quarter. Uniplan Investment Counsel Inc. now owns 2,883,118 shares of the real estate investment trust’s stock worth $53,217,000 after purchasing an additional 2,181,913 shares in the last quarter. Cohen & Steers Inc. acquired a new position in shares of Welltower during the third quarter worth $125,329,000. Standard Life Investments LTD grew its stake in shares of Welltower by 84.5% during the second quarter. Standard Life Investments LTD now owns 2,279,176 shares of the real estate investment trust’s stock worth $170,517,000 after purchasing an additional 1,043,676 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Welltower by 11.3% during the third quarter. Bank of New York Mellon Corp now owns 7,592,729 shares of the real estate investment trust’s stock worth $533,618,000 after purchasing an additional 768,861 shares in the last quarter. Institutional investors own 86.67% of the company’s stock.
In other Welltower news, Director Gary Whitelaw bought 1,420 shares of Welltower stock in a transaction dated Tuesday, November 21st. The stock was acquired at an average cost of $68.39 per share, with a total value of $97,113.80. Following the completion of the acquisition, the director now owns 1,420 shares of the company’s stock, valued at $97,113.80. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.19% of the stock is currently owned by corporate insiders.
Welltower (NYSE:HCN) last released its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.03. Welltower had a net margin of 22.67% and a return on equity of 7.45%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the firm posted $1.16 earnings per share. Welltower’s revenue for the quarter was up 1.1% on a year-over-year basis. sell-side analysts anticipate that Welltower Inc. will post 4.24 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Tuesday, November 7th were issued a $0.87 dividend. The ex-dividend date was Monday, November 6th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.24%. Welltower’s payout ratio is 140.32%.
A number of equities analysts recently commented on the stock. Royal Bank of Canada reiterated a “hold” rating and set a $74.00 target price on shares of Welltower in a research note on Wednesday, September 6th. Bank of America downgraded shares of Welltower to a “neutral” rating and lowered their target price for the stock from $78.00 to $77.00 in a research note on Friday, September 22nd. Capital One Financial assumed coverage on shares of Welltower in a research note on Monday, September 25th. They set an “equal weight” rating and a $74.00 target price for the company. UBS lowered their target price on shares of Welltower from $71.00 to $69.00 and set a “neutral” rating for the company in a research note on Monday, October 2nd. Finally, Jefferies Group reiterated a “hold” rating and set a $72.00 target price on shares of Welltower in a research note on Tuesday, October 3rd. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $73.07.
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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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