Welltower Inc (NYSE:HCN) Director Gary Whitelaw acquired 1,862 shares of the business’s stock in a transaction on Monday, February 26th. The shares were bought at an average cost of $53.61 per share, with a total value of $99,821.82. Following the completion of the acquisition, the director now owns 5,843 shares of the company’s stock, valued at approximately $313,243.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Welltower Inc (NYSE:HCN) opened at $52.22 on Thursday. Welltower Inc has a 12 month low of $52.22 and a 12 month high of $78.17. The firm has a market capitalization of $19,340.03, a price-to-earnings ratio of 41.12, a PEG ratio of 3.80 and a beta of 0.15. The company has a quick ratio of 1.76, a current ratio of 1.85 and a debt-to-equity ratio of 0.83.
Welltower (NYSE:HCN) last announced its earnings results on Thursday, February 22nd. The real estate investment trust reported $1.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.02). Welltower had a net margin of 12.13% and a return on equity of 4.35%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the business posted $0.91 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. sell-side analysts predict that Welltower Inc will post 4.06 EPS for the current year.
A number of research analysts have issued reports 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 cut their price objective on Welltower from $75.00 to $74.00 and set a “buy” rating for the company in a report on Friday, November 3rd. Mizuho reissued a “hold” rating and set a $67.00 price objective on shares of Welltower in a report on Monday, December 11th. Zacks Investment Research cut Welltower from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Finally, Stephens set a $70.00 price objective on Welltower and gave the company a “buy” rating in a report on Friday, January 12th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $67.29.
Large investors have recently made changes to their positions in the company. Cohen & Steers Inc. acquired a new stake in Welltower in the third quarter worth about $125,329,000. Bank of New York Mellon Corp increased its position in Welltower by 14.9% in the fourth quarter. Bank of New York Mellon Corp now owns 8,724,771 shares of the real estate investment trust’s stock worth $556,378,000 after purchasing an additional 1,132,042 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Welltower by 3,640.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 935,200 shares of the real estate investment trust’s stock worth $59,638,000 after purchasing an additional 910,200 shares during the period. Amundi Pioneer Asset Management Inc. increased its position in Welltower by 623.1% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 760,734 shares of the real estate investment trust’s stock worth $48,513,000 after purchasing an additional 655,534 shares during the period. Finally, PGGM Investments increased its position in Welltower by 10.7% in the fourth quarter. PGGM Investments now owns 5,280,000 shares of the real estate investment trust’s stock worth $336,706,000 after purchasing an additional 511,088 shares during the period. Institutional investors own 85.94% of the company’s stock.
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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