Garland Capital Management Inc. lessened its position in shares of Welltower Inc. (NYSE:HCN) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 60,518 shares of the real estate investment trust’s stock after selling 992 shares during the quarter. Welltower makes up 2.7% of Garland Capital Management Inc.’s holdings, making the stock its 23rd biggest position. Garland Capital Management Inc.’s holdings in Welltower were worth $4,253,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. grew its position in Welltower by 1.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 219,738 shares of the real estate investment trust’s stock valued at $16,448,000 after buying an additional 3,215 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Welltower in the second quarter valued at about $1,332,000. Swiss National Bank grew its position in shares of Welltower by 2.7% in the second quarter. Swiss National Bank now owns 1,552,966 shares of the real estate investment trust’s stock valued at $116,240,000 after purchasing an additional 40,200 shares during the period. Intl Fcstone Inc. acquired a new stake in shares of Welltower in the second quarter valued at about $655,000. Finally, Dearborn Partners LLC grew its position in shares of Welltower by 5.3% in the second quarter. Dearborn Partners LLC now owns 158,144 shares of the real estate investment trust’s stock valued at $11,837,000 after purchasing an additional 7,909 shares during the period. Institutional investors own 86.34% of the company’s stock.
Welltower Inc. (HCN) traded up $0.09 during trading hours on Monday, hitting $68.26. 462,200 shares of the stock traded hands, compared to its average volume of 1,758,071. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $25,180.00, a P/E ratio of 15.91, a P/E/G ratio of 4.60 and a beta of 0.25. Welltower Inc. has a 12-month low of $61.08 and a 12-month high of $78.17.
Welltower (NYSE:HCN) last posted its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $1.08 earnings per share 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 the consensus estimate of $1.06 billion. Welltower had a net margin of 22.67% and a return on equity of 7.45%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period last year, the firm posted $1.16 earnings per share. analysts expect that Welltower Inc. will post 4.24 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Tuesday, November 7th were paid a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 5.10%. The ex-dividend date was Monday, November 6th. Welltower’s dividend payout ratio is currently 305.26%.
In other news, Director Gary Whitelaw bought 1,420 shares of Welltower stock in a transaction on Tuesday, November 21st. The shares were bought at an average cost of $68.39 per share, with a total value of $97,113.80. Following the completion of the purchase, the director now directly owns 1,420 shares of the company’s stock, valued at $97,113.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.19% of the company’s stock.
HCN has been the topic of several research analyst reports. Stifel Nicolaus dropped their target price on shares of Welltower from $75.00 to $74.00 and set a “buy” rating on the stock in a research report on Friday, November 3rd. Capital One Financial Corporation initiated coverage on shares of Welltower in a research report on Monday, September 25th. They issued an “equal weight” rating and a $74.00 target price on the stock. Royal Bank Of Canada reiterated a “hold” rating and issued a $74.00 target price on shares of Welltower in a research report on Wednesday, September 6th. KeyCorp reiterated a “hold” rating on shares of Welltower in a research report on Tuesday, October 17th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $72.00 target price on shares of Welltower in a research report on Tuesday, October 3rd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. Welltower has an average rating of “Hold” and an average target price of $72.71.
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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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