Green Square Capital LLC Acquires Shares of 4,099 Welltower Inc. (HCN)
Green Square Capital LLC bought a new stake in shares of Welltower Inc. (NYSE:HCN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,099 shares of the real estate investment trust’s stock, valued at approximately $288,000.
Other large investors also recently made changes to their positions in the company. Bessemer Group Inc. boosted its position in shares of Welltower by 97.6% during the second quarter. Bessemer Group Inc. now owns 1,413 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 698 shares during the last quarter. Spectrum Management Group Inc. purchased a new position in shares of Welltower during the third quarter valued at approximately $100,000. San Francisco Sentry Investment Group CA boosted its position in shares of Welltower by 1,048.5% during the third 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 during the last quarter. Hudock Capital Group LLC boosted its position in shares of Welltower by 543.7% during the third 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 during the last quarter. Finally, Miles Capital Inc. purchased a new position in shares of Welltower during the second quarter valued at approximately $205,000. 86.67% of the stock is currently owned by institutional investors.
HCN has been the topic of several analyst reports. Royal Bank of Canada reaffirmed a “hold” rating and set a $74.00 target price on shares of Welltower in a research report on Wednesday, September 6th. Bank of America cut Welltower to a “neutral” rating and cut their target price for the company from $78.00 to $77.00 in a research report on Friday, September 22nd. Capital One Financial initiated coverage on Welltower in a research report on Monday, September 25th. They set an “equal weight” rating and a $74.00 target price on the stock. UBS cut their target price on Welltower from $71.00 to $69.00 and set a “neutral” rating on the stock in a research report on Monday, October 2nd. Finally, Jefferies Group reaffirmed a “hold” rating and set a $72.00 target price on shares of Welltower in a research report on Tuesday, October 3rd. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $73.07.
Welltower Inc. (HCN) traded up $0.29 during mid-day trading on Thursday, reaching $66.41. The company’s stock had a trading volume of 2,331,100 shares, compared to its average volume of 1,778,650. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.76 and a current ratio of 1.76. Welltower Inc. has a twelve month low of $63.05 and a twelve month high of $78.17. The stock has a market capitalization of $24,480.58, a PE ratio of 15.41, a P/E/G ratio of 4.45 and a beta of 0.25.
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, beating the Thomson Reuters’ 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%. The business’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.16 earnings per share. equities research analysts forecast that Welltower Inc. will post 4.24 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Tuesday, November 7th were paid a $0.87 dividend. The ex-dividend date was Monday, November 6th. This represents a $3.48 annualized dividend and a dividend yield of 5.24%. Welltower’s payout ratio is presently 140.32%.
In other news, Director Gary Whitelaw bought 1,420 shares of the stock in a transaction on Tuesday, November 21st. The shares were purchased at an average cost of $68.39 per share, for a total transaction of $97,113.80. Following the completion of the purchase, the director now directly owns 1,420 shares in the company, valued at approximately $97,113.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.19% of the company’s stock.
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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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