Beech Hill Advisors Inc. continued to hold its position in Welltower Inc (NYSE:HCN) during the first quarter, Holdings Channel reports. The firm owned 4,125 shares of the real estate investment trust’s stock at the end of the first quarter. Beech Hill Advisors Inc.’s holdings in Welltower were worth $292,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in Welltower during the fourth quarter worth about $198,570,000. Asset Management One Co. Ltd. boosted its position in Welltower by 62.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,478,412 shares of the real estate investment trust’s stock worth $98,061,000 after buying an additional 571,012 shares in the last quarter. Federated Investors Inc. PA boosted its position in Welltower by 35.3% in the fourth quarter. Federated Investors Inc. PA now owns 2,149,239 shares of the real estate investment trust’s stock worth $143,848,000 after buying an additional 561,133 shares in the last quarter. Prudential PLC acquired a new position in Welltower during the fourth quarter worth about $36,686,000. Finally, Principal Financial Group Inc. boosted its position in Welltower by 7.1% in the third quarter. Principal Financial Group Inc. now owns 7,081,922 shares of the real estate investment trust’s stock worth $529,515,000 after buying an additional 471,935 shares in the last quarter. 84.96% of the stock is owned by institutional investors and hedge funds.
Welltower Inc (NYSE:HCN) traded down 0.11% during trading on Thursday, hitting $73.79. The stock had a trading volume of 1,044,996 shares. The company has a 50-day moving average of $69.87 and a 200 day moving average of $67.34. The company has a market cap of $26.75 billion, a price-to-earnings ratio of 26.26 and a beta of 0.19. Welltower Inc has a 52 week low of $59.39 and a 52 week high of $80.19.
Welltower (NYSE:HCN) last released its earnings results on Wednesday, February 22nd. The real estate investment trust reported $1.10 EPS for the quarter, topping the consensus estimate of $1.08 by $0.02. Welltower had a return on equity of 6.37% and a net margin of 20.74%. The business earned $1.08 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the firm posted $1.13 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. On average, equities research analysts anticipate that Welltower Inc will post $1.78 EPS for the current year.
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HCN has been the subject of a number of research analyst reports. Morgan Stanley raised Welltower from an “equal weight” rating to an “overweight” rating and set a $73.00 price target for the company in a report on Monday, March 20th. Mitsubishi UFJ Financial Group raised Welltower from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $65.00 to $72.00 in a report on Thursday, January 5th. Zacks Investment Research cut Welltower from a “hold” rating to a “sell” rating in a report on Wednesday, April 5th. SunTrust Banks, Inc. cut Welltower from a “buy” rating to a “hold” rating and cut their price target for the company from $80.00 to $72.00 in a report on Thursday, January 19th. Finally, Mizuho lifted their price target on Welltower from $59.00 to $62.00 and gave the company a “neutral” rating in a report on Wednesday, January 11th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $72.93.
In other Welltower news, insider Paul D. Nungester, Jr. sold 6,452 shares of the firm’s stock in a transaction that occurred on Tuesday, March 28th. The stock was sold at an average price of $70.26, for a total value of $453,317.52. Following the completion of the sale, the insider now owns 33,795 shares of the company’s stock, valued at $2,374,436.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Fred S. Klipsch sold 2,606 shares of the firm’s stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $67.14, for a total value of $174,966.84. The disclosure for this sale can be found here. Company insiders own 0.29% of the company’s stock.
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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