Welltower Inc. (HCN) Shares Bought by Teacher Retirement System of Texas
Teacher Retirement System of Texas grew its position in shares of Welltower Inc. (NYSE:HCN) by 3.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 186,434 shares of the real estate investment trust’s stock after acquiring an additional 5,621 shares during the quarter. Teacher Retirement System of Texas owned about 0.05% of Welltower worth $13,103,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HCN. Bessemer Group Inc. grew its holdings in Welltower by 97.6% during the second quarter. Bessemer Group Inc. now owns 1,413 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 698 shares in the last quarter. Hudock Capital Group LLC lifted its position in shares of Welltower by 543.7% during the 3rd quarter. Hudock Capital Group LLC now owns 2,002 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 1,691 shares during the last quarter. Miles Capital Inc. purchased a new position in shares of Welltower during the 2nd quarter valued at $205,000. Martingale Asset Management L P purchased a new stake in Welltower during the 2nd quarter worth about $210,000. Finally, Intrust Bank NA purchased a new stake in Welltower during the 2nd quarter worth about $211,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.
A number of brokerages recently issued reports on HCN. Capital One Financial Corporation raised Welltower from an “equal weight” rating to an “overweight” rating in a report on Wednesday, November 8th. Stifel Nicolaus dropped their target price on Welltower from $75.00 to $74.00 and set a “buy” rating for the company in a report on Friday, November 3rd. KeyCorp restated a “hold” rating on shares of Welltower in a report on Tuesday, October 17th. Royal Bank Of Canada restated a “hold” rating and set a $74.00 target price on shares of Welltower in a report on Tuesday, October 10th. Finally, Jefferies Group LLC restated a “hold” rating and set a $72.00 target price on shares of Welltower in a report on Tuesday, October 3rd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $72.71.
Welltower Inc. (NYSE:HCN) traded up $0.20 during trading on Friday, reaching $67.94. The company’s stock had a trading volume of 1,784,800 shares, compared to its average volume of 1,768,090. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.76 and a current ratio of 1.76. The stock has a market capitalization of $25,080.00, a price-to-earnings ratio of 15.79, a P/E/G ratio of 4.56 and a beta of 0.25. Welltower Inc. has a one year low of $61.08 and a one year high of $78.17.
Welltower (NYSE:HCN) last released its earnings results on Tuesday, November 7th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.03. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.06 billion. Welltower had a return on equity of 7.45% and a net margin of 22.67%. The firm’s revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.16 EPS. research analysts anticipate that Welltower Inc. will post 4.23 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Tuesday, November 7th will be paid a $0.87 dividend. The ex-dividend date of this dividend is Monday, November 6th. This represents a $3.48 annualized dividend and a dividend yield of 5.12%. Welltower’s dividend payout ratio (DPR) is 305.26%.
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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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