Welltower Inc. (HCN) Shares Sold by Janney Capital Management LLC
Janney Capital Management LLC reduced its holdings in shares of Welltower Inc. (NYSE:HCN) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 300,988 shares of the real estate investment trust’s stock after selling 6,360 shares during the quarter. Janney Capital Management LLC owned 0.08% of Welltower worth $21,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership bought a new position in shares of Welltower during the second quarter valued at $1,332,000. Oppenheimer Asset Management Inc. lifted its holdings in Welltower by 1.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 219,738 shares of the real estate investment trust’s stock valued at $16,448,000 after acquiring an additional 3,215 shares during the period. Swiss National Bank lifted its holdings in Welltower by 2.7% in the second quarter. Swiss National Bank now owns 1,552,966 shares of the real estate investment trust’s stock valued at $116,240,000 after acquiring an additional 40,200 shares during the period. Intl Fcstone Inc. bought a new position in Welltower in the second quarter valued at about $655,000. Finally, State of Tennessee Treasury Department lifted its holdings in Welltower by 18.4% in the third quarter. State of Tennessee Treasury Department now owns 118,597 shares of the real estate investment trust’s stock valued at $8,335,000 after acquiring an additional 18,447 shares during the period. 86.67% of the stock is currently owned by hedge funds and other institutional investors.
Welltower Inc. (NYSE:HCN) traded up $0.13 during midday trading on Monday, hitting $66.32. The stock had a trading volume of 2,018,100 shares, compared to its average volume of 1,772,065. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.76. Welltower Inc. has a 1 year low of $63.05 and a 1 year high of $78.17. The company has a market capitalization of $24,562.06, a P/E ratio of 15.46, a P/E/G ratio of 4.46 and a beta of 0.25.
Welltower (NYSE:HCN) last posted its quarterly earnings data 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. Welltower had a return on equity of 7.45% and a net margin of 22.67%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company earned $1.16 earnings per share. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. analysts forecast that Welltower Inc. will post 4.24 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Tuesday, November 7th were paid a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 5.25%. The ex-dividend date of this dividend was Monday, November 6th. Welltower’s dividend payout ratio (DPR) is currently 140.32%.
In related news, Director Gary Whitelaw acquired 1,420 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were purchased at an average price of $68.39 per share, with a total value of $97,113.80. Following the completion of the purchase, the director now directly owns 1,420 shares of the company’s stock, valued at $97,113.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.19% of the stock is owned by company insiders.
A number of research analysts have weighed in on the company. Capital One Financial raised Welltower from an “equal weight” rating to an “overweight” rating in a report on Wednesday, November 8th. Stifel Nicolaus lowered their target price on Welltower from $75.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. KeyCorp reissued a “hold” rating on shares of Welltower in a report on Tuesday, October 17th. Royal Bank Of Canada reissued a “hold” rating and issued a $74.00 target price on shares of Welltower in a report on Tuesday, October 10th. Finally, Jefferies Group reissued a “hold” rating and issued a $72.00 target price on shares of Welltower in a report on Tuesday, October 3rd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $72.71.
Welltower Company 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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