Garcia Hamilton & Associates LP DE Decreases Holdings in Welltower Inc. (HCN)
Garcia Hamilton & Associates LP DE cut its holdings in shares of Welltower Inc. (NYSE:HCN) by 41.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,934 shares of the real estate investment trust’s stock after selling 7,686 shares during the quarter. Welltower accounts for about 1.1% of Garcia Hamilton & Associates LP DE’s investment portfolio, making the stock its 26th largest holding. Garcia Hamilton & Associates LP DE’s holdings in Welltower were worth $818,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Municipal Employees Retirement System of Michigan raised its stake in shares of Welltower by 2.0% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 11,700 shares of the real estate investment trust’s stock worth $829,000 after purchasing an additional 230 shares in the last quarter. Bernicke Wealth Management Ltd. purchased a new stake in shares of Welltower during the 1st quarter worth about $278,000. Stephens Inc. AR raised its stake in shares of Welltower by 7.1% during the 1st quarter. Stephens Inc. AR now owns 149,995 shares of the real estate investment trust’s stock worth $10,623,000 after purchasing an additional 9,906 shares in the last quarter. FDO Partners LLC purchased a new stake in shares of Welltower during the 1st quarter worth about $499,000. Finally, WINTON GROUP Ltd purchased a new stake in shares of Welltower during the 1st quarter worth about $11,477,000. Hedge funds and other institutional investors own 85.89% of the company’s stock.
Welltower Inc. (HCN) traded down 0.28% during mid-day trading on Thursday, reaching $67.75. The company’s stock had a trading volume of 696,211 shares. The stock has a market cap of $24.99 billion, a PE ratio of 21.10 and a beta of 0.24. The company has a 50 day moving average of $71.81 and a 200-day moving average of $72.58. Welltower Inc. has a 52-week low of $59.39 and a 52-week high of $78.17.
Welltower (NYSE:HCN) last released its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.01. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. Welltower had a return on equity of 8.74% and a net margin of 28.94%. During the same quarter in the prior year, the company earned $0.54 earnings per share. Equities analysts forecast that Welltower Inc. will post $2.30 earnings per share for the current year.
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A number of research firms have recently weighed in on HCN. BidaskClub raised Welltower from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Mizuho reaffirmed a “neutral” rating on shares of Welltower in a research note on Wednesday, June 28th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $74.00 price target on shares of Welltower in a research note on Wednesday, September 6th. BMO Capital Markets reaffirmed a “sell” rating and set a $68.00 price target on shares of Welltower in a research note on Friday, July 28th. Finally, Bank of America Corporation downgraded Welltower to a “neutral” rating and cut their price target for the stock from $78.00 to $77.00 in a research note on Friday, September 22nd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $72.43.
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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