Skandinaviska Enskilda Banken AB publ lifted its stake in Welltower Inc. (NYSE:HCN) by 8.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,156 shares of the real estate investment trust’s stock after acquiring an additional 5,400 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Welltower were worth $4,860,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Spectrum Management Group Inc. purchased a new position in shares of Welltower in the third quarter worth approximately $100,000. Bessemer Group Inc. boosted its holdings in shares of Welltower by 97.6% in 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. Hudock Capital Group LLC boosted its holdings 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 worth $140,000 after buying an additional 1,691 shares during the last quarter. Harbour Capital Advisors LLC boosted its holdings in shares of Welltower by 7,385.0% in the second quarter. Harbour Capital Advisors LLC now owns 11,452 shares of the real estate investment trust’s stock worth $153,000 after buying an additional 11,299 shares during the last quarter. Finally, Miles Capital Inc. purchased a new position in shares of Welltower in the second quarter worth approximately $205,000. Hedge funds and other institutional investors own 86.67% of the company’s stock.
Several equities analysts have weighed in on HCN shares. Stifel Nicolaus lowered their price target on shares of Welltower from $75.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. Capital One Financial raised shares of Welltower from an “equal weight” rating to an “overweight” rating in a report on Wednesday, November 8th. KeyCorp reaffirmed a “hold” rating on shares of Welltower in a report on Tuesday, October 17th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $74.00 price target on shares of Welltower in a report on Tuesday, October 10th. Finally, UBS lowered their price target on shares of Welltower from $71.00 to $69.00 and set a “neutral” rating on the stock in a report on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $72.71.
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. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 earnings per share. sell-side analysts expect that Welltower Inc. will post 4.24 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Tuesday, November 7th were given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 5.12%. The ex-dividend date of this dividend was Monday, November 6th. Welltower’s payout ratio is currently 140.32%.
In related news, Director Gary Whitelaw acquired 1,420 shares of Welltower stock in a transaction dated Tuesday, November 21st. The shares were purchased at an average price of $68.39 per share, for a total transaction of $97,113.80. Following the completion of the transaction, the director now directly owns 1,420 shares in the company, valued at approximately $97,113.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.19% of the company’s stock.
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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