Nisa Investment Advisors LLC reduced its holdings in Welltower Inc (NYSE:HCN) by 53.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,260 shares of the real estate investment trust’s stock after selling 64,293 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Welltower were worth $3,524,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of HCN. Spectrum Management Group Inc. acquired a new position in Welltower during the third quarter worth $100,000. Wealthcare Advisory Partners LLC acquired a new position in Welltower during the third quarter worth $101,000. San Francisco Sentry Investment Group CA raised its holdings in 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 worth $108,000 after purchasing an additional 1,405 shares during the last quarter. Hudock Capital Group LLC raised 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 purchasing an additional 1,691 shares during the last quarter. Finally, Miles Capital Inc. acquired a new position in Welltower during the second quarter worth $205,000. 86.46% of the stock is owned by institutional investors and hedge funds.
In related news, Director Gary Whitelaw purchased 1,420 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was bought at an average cost of $68.39 per share, with a total value of $97,113.80. Following the completion of the acquisition, the director now directly owns 1,420 shares in the company, valued at approximately $97,113.80. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.19% of the company’s stock.
Several brokerages recently issued reports on HCN. BMO Capital Markets set a $57.00 price objective on Welltower and gave the stock a “sell” rating in a report on Monday. ValuEngine raised Welltower from a “hold” rating to a “buy” rating in a report on Saturday, January 13th. Stephens set a $70.00 price objective on Welltower and gave the stock a “buy” rating in a report on Friday, January 12th. Zacks Investment Research cut Welltower from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Finally, Mizuho reaffirmed a “hold” rating and set a $67.00 price objective on shares of Welltower in a report on Monday, December 11th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $72.08.
Welltower Inc (HCN) opened at $60.11 on Thursday. Welltower Inc has a 1-year low of $58.98 and a 1-year high of $78.17. The firm has a market capitalization of $21,947.34, a price-to-earnings ratio of 24.24, a PEG ratio of 3.93 and a beta of 0.25. 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 (NYSE:HCN) last released its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $1.08 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the firm posted $1.16 earnings per share. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. equities research analysts anticipate that Welltower Inc will post 4.24 EPS for the current year.
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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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