Welltower Inc. (HCN) Shares Bought by BB&T Investment Services Inc.
BB&T Investment Services Inc. grew its stake in Welltower Inc. (NYSE:HCN) by 25.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,132 shares of the real estate investment trust’s stock after buying an additional 1,231 shares during the period. BB&T Investment Services Inc.’s holdings in Welltower were worth $438,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of HCN. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Welltower by 66.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 19,470 shares of the real estate investment trust’s stock valued at $1,458,000 after buying an additional 7,770 shares in the last quarter. Harbour Capital Advisors LLC boosted its holdings in shares of Welltower by 7,385.0% in the 2nd quarter. Harbour Capital Advisors LLC now owns 11,452 shares of the real estate investment trust’s stock valued at $153,000 after buying an additional 11,299 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Welltower by 97.6% in the 2nd quarter. Bessemer Group Inc. now owns 1,413 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 698 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Welltower by 14.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 58,700 shares of the real estate investment trust’s stock valued at $4,394,000 after buying an additional 7,600 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its holdings in shares of Welltower by 23.3% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 31,791 shares of the real estate investment trust’s stock valued at $2,380,000 after buying an additional 6,000 shares in the last quarter. Institutional investors and hedge funds own 86.67% of the company’s stock.
In other news, Director Gary Whitelaw bought 1,420 shares of Welltower stock in a transaction dated Tuesday, November 21st. The stock was bought at an average price of $68.39 per share, for a total transaction of $97,113.80. Following the purchase, the director now owns 1,420 shares of the company’s stock, valued at $97,113.80. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.19% of the stock is currently owned by company insiders.
HCN has been the subject of several research analyst reports. Stifel Nicolaus lowered their target price on shares of Welltower from $75.00 to $74.00 and set a “buy” rating for the company in a report on Friday, November 3rd. Capital One Financial started coverage on shares of Welltower in a report on Monday, September 25th. They issued an “equal weight” rating and a $74.00 target price for the company. Royal Bank Of Canada reiterated a “hold” rating and set a $74.00 price target on shares of Welltower in a research note on Wednesday, September 6th. KeyCorp reiterated a “hold” rating on shares of Welltower in a research note on Tuesday, October 17th. Finally, Jefferies Group reiterated a “hold” rating and set a $72.00 price target on shares of Welltower in a research note on Tuesday, October 3rd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $72.71.
Shares of Welltower Inc. (NYSE HCN) traded down $0.83 during trading hours on Tuesday, reaching $67.13. 2,467,100 shares of the company were exchanged, compared to its average volume of 1,761,861. The firm has a market cap of $25,154.63, a PE ratio of 15.83, a P/E/G ratio of 4.57 and a beta of 0.25. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.76 and a current ratio of 1.76. Welltower Inc. has a 12-month low of $62.07 and a 12-month high of $78.17.
Welltower (NYSE:HCN) last issued 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 net margin of 22.67% and a return on equity of 7.45%. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the business earned $1.16 EPS. Welltower’s quarterly revenue was up 1.1% compared to the same quarter last year. analysts anticipate that Welltower Inc. will post 4.24 earnings per share for the current fiscal year.
The company also recently announced 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 5.18%. The ex-dividend date of this dividend was Monday, November 6th. Welltower’s dividend payout ratio (DPR) is presently 140.32%.
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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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