Welltower Inc (HCN) Holdings Reduced by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC decreased its holdings in Welltower Inc (NYSE:HCN) by 9.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,640 shares of the real estate investment trust’s stock after selling 1,500 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Welltower were worth $870,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Clear Perspective Advisors LLC grew its holdings in Welltower by 0.5% in the 2nd quarter. Clear Perspective Advisors LLC now owns 5,430 shares of the real estate investment trust’s stock valued at $406,000 after buying an additional 26 shares during the period. Laurel Wealth Advisors Inc. grew its holdings in Welltower by 0.4% in the 2nd quarter. Laurel Wealth Advisors Inc. now owns 19,325 shares of the real estate investment trust’s stock valued at $1,446,000 after buying an additional 76 shares during the period. Comerica Securities Inc. grew its holdings in Welltower by 6.0% in the 2nd quarter. Comerica Securities Inc. now owns 5,180 shares of the real estate investment trust’s stock valued at $388,000 after buying an additional 295 shares during the period. Phocas Financial Corp. grew its holdings in Welltower by 3.3% in the 2nd quarter. Phocas Financial Corp. now owns 10,536 shares of the real estate investment trust’s stock valued at $789,000 after buying an additional 335 shares during the period. Finally, First Allied Advisory Services Inc. grew its holdings in Welltower by 3.0% in the 2nd quarter. First Allied Advisory Services Inc. now owns 14,847 shares of the real estate investment trust’s stock valued at $1,109,000 after buying an additional 432 shares during the period. Institutional investors own 86.35% of the company’s stock.

In related news, Director Gary Whitelaw purchased 1,420 shares of Welltower stock in a transaction that occurred on Tuesday, November 21st. The shares were purchased at an average cost of $68.39 per share, with a total value of $97,113.80. Following the transaction, the director now owns 1,420 shares of the company’s stock, valued at approximately $97,113.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.19% of the company’s stock.

A number of analysts have recently issued reports on HCN shares. Stifel Nicolaus decreased their target price on Welltower from $75.00 to $74.00 and set a “buy” rating for the company in a report on Friday, November 3rd. Capital One Financial started coverage on Welltower in a report on Monday, September 25th. They set an “equal weight” rating and a $74.00 target price for the company. Mizuho reiterated a “hold” rating and set a $67.00 target price on shares of Welltower in a report on Monday, December 11th. KeyCorp reiterated a “hold” rating on shares of Welltower in a report on Tuesday, October 17th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $74.00 target price on shares of Welltower in a report on Tuesday, October 10th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $73.17.

Welltower Inc (NYSE HCN) opened at $60.71 on Thursday. The company has a market capitalization of $22,390.00, a P/E ratio of 53.25, a P/E/G ratio of 4.13 and a beta of 0.25. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.79. Welltower Inc has a 52-week low of $60.70 and a 52-week high of $78.17.

Welltower (NYSE:HCN) last released its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $1.08 EPS for the quarter, topping the consensus estimate of $1.05 by $0.03. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.06 billion. Welltower had a return on equity of 7.45% and a net margin of 22.67%. Welltower’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.16 EPS. analysts predict that Welltower Inc will post 4.24 earnings per share for the current fiscal year.

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Welltower Profile

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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Institutional Ownership by Quarter for Welltower (NYSE:HCN)

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