AMP Capital Investors Ltd Sells 31,794 Shares of Welltower Inc. (HCN)
AMP Capital Investors Ltd lowered its position in Welltower Inc. (NYSE:HCN) by 1.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,999,650 shares of the real estate investment trust’s stock after selling 31,794 shares during the period. Welltower makes up approximately 0.8% of AMP Capital Investors Ltd’s investment portfolio, making the stock its 20th largest holding. AMP Capital Investors Ltd owned 0.54% of Welltower worth $140,536,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bessemer Group Inc. lifted its holdings in Welltower by 97.6% in the second quarter. Bessemer Group Inc. now owns 1,413 shares of the real estate investment trust’s stock valued at $106,000 after acquiring an additional 698 shares during the period. Spectrum Management Group Inc. acquired a new position in Welltower in the third quarter valued at approximately $100,000. San Francisco Sentry Investment Group CA lifted its holdings in Welltower by 1,048.5% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,539 shares of the real estate investment trust’s stock valued at $108,000 after acquiring an additional 1,405 shares during the period. Hudock Capital Group LLC lifted its holdings in Welltower by 543.7% in the third quarter. Hudock Capital Group LLC now owns 2,002 shares of the real estate investment trust’s stock valued at $140,000 after acquiring an additional 1,691 shares during the period. Finally, Miles Capital Inc. acquired a new position in Welltower in the second quarter valued at approximately $205,000. Hedge funds and other institutional investors own 86.67% of the company’s stock.
Shares of Welltower Inc. (NYSE:HCN) traded down $1.01 during mid-day trading on Wednesday, hitting $66.12. The stock had a trading volume of 2,672,500 shares, compared to its average volume of 1,765,753. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.79. The firm has a market cap of $24,862.05, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 4.52 and a beta of 0.25. Welltower Inc. has a twelve month low of $62.51 and a twelve month high of $78.17.
Welltower (NYSE:HCN) last announced its earnings results on Tuesday, November 7th. The real estate investment trust reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.03. The business had revenue of $1.09 billion during 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 business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.16 EPS. research analysts forecast that Welltower Inc. will post 4.24 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Tuesday, November 7th were paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 5.26%. The ex-dividend date was Monday, November 6th. Welltower’s payout ratio is 140.32%.
HCN has been the subject of a number of analyst reports. Stifel Nicolaus decreased their price target on 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 raised Welltower from an “equal weight” rating to an “overweight” rating in a report on Wednesday, November 8th. KeyCorp reissued a “hold” rating on shares of Welltower in a report on Tuesday, October 17th. Royal Bank Of Canada reissued a “hold” rating and issued a $74.00 price target on shares of Welltower in a report on Tuesday, October 10th. Finally, UBS decreased their price target on Welltower from $71.00 to $69.00 and set a “neutral” rating for the company in a report on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. Welltower has a consensus rating of “Hold” and a consensus target price of $72.71.
In other Welltower news, Director Gary Whitelaw bought 1,420 shares of Welltower stock in a transaction dated Tuesday, November 21st. The stock was acquired at an average cost of $68.39 per share, with a total value of $97,113.80. Following the purchase, the director now directly owns 1,420 shares in the company, valued at approximately $97,113.80. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.19% of the company’s stock.
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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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