Welltower Inc. (HCN) Shares Bought by Advantus Capital Management Inc
Advantus Capital Management Inc raised its holdings in Welltower Inc. (NYSE:HCN) by 14.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 485,170 shares of the real estate investment trust’s stock after acquiring an additional 62,665 shares during the quarter. Welltower comprises 0.9% of Advantus Capital Management Inc’s portfolio, making the stock its 15th largest position. Advantus Capital Management Inc owned approximately 131,525.16% of Welltower worth $34,098,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in HCN. PGGM Investments boosted its stake in Welltower by 112.9% in the third quarter. PGGM Investments now owns 4,768,912 shares of the real estate investment trust’s stock valued at $335,159,000 after acquiring an additional 2,529,412 shares during the last quarter. Uniplan Investment Counsel Inc. boosted its position in shares of Welltower by 311.2% during the second quarter. Uniplan Investment Counsel Inc. now owns 2,883,118 shares of the real estate investment trust’s stock worth $53,217,000 after purchasing an additional 2,181,913 shares in the last quarter. Standard Life Investments LTD boosted its position in shares of Welltower by 84.5% during the second quarter. Standard Life Investments LTD now owns 2,279,176 shares of the real estate investment trust’s stock worth $170,517,000 after purchasing an additional 1,043,676 shares in the last quarter. Cbre Clarion Securities LLC boosted its position in shares of Welltower by 8.3% during the second quarter. Cbre Clarion Securities LLC now owns 6,401,420 shares of the real estate investment trust’s stock worth $479,146,000 after purchasing an additional 492,882 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position in shares of Welltower by 42.7% during the third quarter. Prudential Financial Inc. now owns 1,534,876 shares of the real estate investment trust’s stock worth $107,871,000 after purchasing an additional 459,593 shares in the last quarter. 86.59% of the stock is currently owned by hedge funds and other institutional investors.
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A number of equities analysts have recently weighed in on the stock. Capital One Financial Corporation raised shares of Welltower from an “equal weight” rating to an “overweight” rating in a research report on Wednesday. Stifel Nicolaus reduced their price target on shares of Welltower from $75.00 to $74.00 and set a “buy” rating on the stock in a research report on Friday, November 3rd. BMO Capital Markets reissued a “sell” rating and set a $68.00 price target on shares of Welltower in a research report on Friday, July 28th. Royal Bank Of Canada restated a “hold” rating and set a $74.00 price objective on shares of Welltower in a report on Tuesday, October 10th. Finally, UBS AG dropped their price objective 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 analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. Welltower presently has a consensus rating of “Hold” and a consensus price target of $72.71.
Shares of Welltower Inc. (HCN) traded down $0.15 on Thursday, hitting $68.60. 427,208 shares of the stock were exchanged, compared to its average volume of 1,574,009. Welltower Inc. has a 52 week low of $59.39 and a 52 week high of $78.17. The company has a market cap of $25,402.77, a P/E ratio of 15.99, a PEG ratio of 4.42 and a beta of 0.24. The company has a current ratio of 1.76, a quick ratio of 2.24 and a debt-to-equity ratio of 0.79.
Welltower (NYSE:HCN) last announced its 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 business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.06 billion. Welltower had a net margin of 22.67% and a return on equity of 7.45%. Welltower’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.16 EPS. analysts expect that Welltower Inc. will post 4.22 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Tuesday, November 7th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 5.07%. The ex-dividend date is Monday, November 6th. Welltower’s payout ratio is 140.32%.
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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