Welltower Inc. (HCN) Holdings Boosted by Amalgamated Bank
Amalgamated Bank raised its holdings in Welltower Inc. (NYSE:HCN) by 2.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 42,105 shares of the real estate investment trust’s stock after buying an additional 819 shares during the quarter. Amalgamated Bank’s holdings in Welltower were worth $2,959,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Spectrum Management Group Inc. bought a new stake in Welltower during the third quarter worth $100,000. Bessemer Group Inc. grew its holdings in Welltower by 97.6% during 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 in the last quarter. Hudock Capital Group LLC grew its holdings in 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 worth $140,000 after buying an additional 1,691 shares in the last quarter. Harbour Capital Advisors LLC grew its holdings in Welltower by 7,385.0% during 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 in the last quarter. Finally, Miles Capital Inc. bought a new stake in Welltower during the second quarter worth $205,000. 86.68% of the stock is currently owned by hedge funds and other institutional investors.
HCN has been the subject of several recent research reports. Jefferies Group reiterated a “hold” rating and set a $72.00 price target on shares of Welltower in a report on Tuesday, October 3rd. KeyCorp reiterated a “hold” rating on shares of Welltower in a report on Tuesday, October 17th. Capital One Financial initiated coverage on Welltower in a report on Monday, September 25th. They set an “equal weight” rating and a $74.00 price target for the company. UBS decreased their price target on Welltower from $71.00 to $69.00 and set a “neutral” rating for the company in a report on Monday, October 2nd. Finally, Bank of America downgraded Welltower to a “neutral” rating and decreased their price target for the stock from $78.00 to $77.00 in a report on Friday, September 22nd. Three analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $72.71.
Welltower Inc. (NYSE:HCN) traded up $0.16 during trading hours on Thursday, hitting $67.28. The company’s stock had a trading volume of 1,593,000 shares, compared to its average volume of 1,754,222. Welltower Inc. has a 1 year low of $61.08 and a 1 year high of $78.17. The stock has a market cap of $24,858.35, a PE ratio of 15.65, a P/E/G ratio of 4.52 and a beta of 0.24. 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 (NYSE:HCN) last announced its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.03. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the firm posted $1.16 EPS. equities analysts expect that Welltower Inc. will post 4.24 earnings per share for the current fiscal year.
The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 5.17%. Welltower’s dividend payout ratio is 140.32%.
In other news, Director Gary Whitelaw acquired 1,420 shares of the firm’s stock in a transaction that occurred 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 acquisition, the director now owns 1,420 shares in the company, valued at approximately $97,113.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company 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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