New York State Common Retirement Fund raised its position in Welltower Inc. (NYSE:HCN) by 1.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 838,300 shares of the real estate investment trust’s stock after acquiring an additional 14,500 shares during the period. New York State Common Retirement Fund owned approximately 0.23% of Welltower worth $58,916,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Welltower during the second quarter worth $1,332,000. Oppenheimer Asset Management Inc. lifted its stake in shares of 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 worth $16,448,000 after buying an additional 3,215 shares during the period. Swiss National Bank lifted its stake in shares of Welltower by 2.7% during the second quarter. Swiss National Bank now owns 1,552,966 shares of the real estate investment trust’s stock worth $116,240,000 after buying an additional 40,200 shares during the period. Intl Fcstone Inc. acquired a new stake in shares of Welltower during the second quarter worth $655,000. Finally, State of Tennessee Treasury Department lifted its stake in shares of Welltower by 18.4% during the third quarter. State of Tennessee Treasury Department now owns 118,597 shares of the real estate investment trust’s stock worth $8,335,000 after buying an additional 18,447 shares during the period. Institutional investors own 86.67% of the company’s stock.
In other news, Director Gary Whitelaw acquired 1,420 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was bought at an average price 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.19% of the stock is currently owned by insiders.
Welltower (NYSE:HCN) last issued its earnings results on Tuesday, November 7th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping 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 firm 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 posted $1.16 earnings per share. The firm’s revenue was up 1.1% compared to the same quarter last year. analysts predict that Welltower Inc. will post 4.24 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Tuesday, November 7th were issued a dividend of $0.87 per share. The ex-dividend date was Monday, November 6th. This represents a $3.48 annualized dividend and a dividend yield of 5.18%. Welltower’s dividend payout ratio (DPR) is presently 140.32%.
HCN has been the subject of several research reports. Jefferies Group reiterated a “hold” rating and set a $72.00 price objective on shares of Welltower in a research note on Tuesday, October 3rd. KeyCorp reiterated a “hold” rating on shares of Welltower in a research note on Tuesday, October 17th. Capital One Financial initiated coverage on shares of Welltower in a research note on Monday, September 25th. They set an “equal weight” rating and a $74.00 price objective for the company. UBS lowered their price objective 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, Bank of America downgraded shares of Welltower to a “neutral” rating and lowered their price objective for the stock from $78.00 to $77.00 in a research note on Friday, September 22nd. 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 stock. Welltower presently has a consensus rating of “Hold” and a consensus price target 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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