Welltower Inc (HCN) Shares Sold by LGT Capital Partners LTD.
LGT Capital Partners LTD. lessened its holdings in shares of Welltower Inc (NYSE:HCN) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,475 shares of the real estate investment trust’s stock after selling 3,350 shares during the quarter. LGT Capital Partners LTD.’s holdings in Welltower were worth $9,404,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in HCN. Spectrum Management Group Inc. bought a new stake in shares of Welltower in the 3rd quarter valued at approximately $100,000. Wealthcare Advisory Partners LLC bought a new stake in shares of Welltower in the 3rd quarter valued at approximately $101,000. San Francisco Sentry Investment Group CA grew its stake in shares of Welltower by 1,048.5% in the 3rd 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 buying an additional 1,405 shares in the last quarter. Hudock Capital Group LLC grew its stake in shares of Welltower by 543.7% in the 3rd quarter. Hudock Capital Group LLC now owns 2,002 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 1,691 shares in the last quarter. Finally, Miles Capital Inc. bought a new stake in shares of Welltower in the 2nd quarter valued at approximately $205,000. 86.35% of the stock is currently owned by institutional investors.
HCN has been the subject of several recent research reports. Jefferies Group reissued a “hold” rating and issued a $72.00 price target on shares of Welltower in a research note on Tuesday, October 3rd. KeyCorp reissued a “hold” rating on shares of Welltower in a research note on Tuesday, October 17th. Capital One Financial initiated coverage on Welltower in a research note on Monday, September 25th. They issued an “equal weight” rating and a $74.00 price target for the company. UBS Group lowered their price target on Welltower from $71.00 to $69.00 and set a “neutral” rating for the company in a research note on Monday, October 2nd. Finally, Bank of America cut Welltower to a “neutral” rating and lowered their price target for the company from $78.00 to $77.00 in a research note on Friday, September 22nd. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $73.17.
Welltower (NYSE:HCN) last announced its earnings results on Tuesday, November 7th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.03. The firm had revenue of $1.09 billion during 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 company’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.16 earnings per share. analysts expect that Welltower Inc will post 4.24 EPS for the current year.
In related news, Director Gary Whitelaw bought 1,420 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was purchased at an average price of $68.39 per share, with a total value of $97,113.80. Following the completion of the transaction, the director now directly owns 1,420 shares of the company’s stock, valued at $97,113.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.19% of the stock is owned by corporate insiders.
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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