Wealthcare Advisory Partners LLC Acquires New Holdings in Welltower Inc. (HCN)
Wealthcare Advisory Partners LLC acquired a new position in shares of Welltower Inc. (NYSE:HCN) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,441 shares of the real estate investment trust’s stock, valued at approximately $101,000.
Other institutional investors have also bought and sold shares of the company. Bessemer Group Inc. increased its position in Welltower by 97.6% during the second quarter. Bessemer Group Inc. now owns 1,413 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 698 shares during the last quarter. Spectrum Management Group Inc. acquired a new stake in shares of Welltower in the third quarter valued at about $100,000. San Francisco Sentry Investment Group CA grew its position in shares of Welltower by 1,048.5% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,539 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 1,405 shares during the last quarter. Hudock Capital Group LLC grew its position in shares of Welltower by 543.7% in the third quarter. Hudock Capital Group LLC now owns 2,002 shares of the real estate investment trust’s stock valued at $140,000 after purchasing an additional 1,691 shares during the last quarter. Finally, Miles Capital Inc. acquired a new stake in shares of Welltower in the second quarter valued at about $205,000. 86.67% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently issued reports on the company. Mizuho reaffirmed a “hold” rating and issued a $67.00 price target on shares of Welltower in a research report on Monday. Capital One Financial raised Welltower from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, November 8th. Stifel Nicolaus lowered their price target on Welltower from $75.00 to $74.00 and set a “buy” rating on the stock in a research report on Friday, November 3rd. KeyCorp reaffirmed a “hold” rating on shares of Welltower in a research report on Tuesday, October 17th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $74.00 price target on shares of Welltower in a research report on Tuesday, October 10th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $73.07.
Welltower (NYSE:HCN) last released its earnings results on Tuesday, November 7th. The real estate investment trust reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the company earned $1.16 earnings per share. The firm’s revenue was up 1.1% on a year-over-year basis. sell-side analysts predict that Welltower Inc. will post 4.24 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Tuesday, November 7th were paid a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 5.25%. The ex-dividend date was Monday, November 6th. Welltower’s payout ratio is presently 140.32%.
In related news, Director Gary Whitelaw bought 1,420 shares of Welltower stock in a transaction that occurred on Tuesday, November 21st. The stock was acquired at an average price of $68.39 per share, for a total transaction of $97,113.80. Following the completion of the purchase, the director now owns 1,420 shares in the company, valued at $97,113.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.19% of the stock is currently owned by company insiders.
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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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