Welltower Inc. (HCN) Shares Bought by Candriam Luxembourg S.C.A.
Candriam Luxembourg S.C.A. raised its position in shares of Welltower Inc. (NYSE:HCN) by 13.2% during the second quarter, Holdings Channel reports. The fund owned 11,782 shares of the real estate investment trust’s stock after buying an additional 1,378 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Welltower were worth $897,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in HCN. Washington Trust Bank boosted its stake in Welltower by 11.1% in the second quarter. Washington Trust Bank now owns 1,498 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 150 shares during the last quarter. Nikko Asset Management Americas Inc. acquired a new stake in Welltower during the first quarter worth about $124,000. Pennsylvania Trust Co acquired a new stake in Welltower during the second quarter worth about $202,000. Kistler Tiffany Companies LLC boosted its stake in Welltower by 34.6% in the second quarter. Kistler Tiffany Companies LLC now owns 2,861 shares of the real estate investment trust’s stock worth $218,000 after buying an additional 735 shares during the last quarter. Finally, Bremer Trust National Association acquired a new stake in Welltower during the second quarter worth about $226,000. 87.85% of the stock is owned by institutional investors.
Welltower Inc. (NYSE:HCN) traded down 1.12% during trading on Friday, reaching $69.54. The company’s stock had a trading volume of 2,749,918 shares. Welltower Inc. has a 52-week low of $52.80 and a 52-week high of $80.19. The stock has a 50-day moving average price of $75.05 and a 200 day moving average price of $73.41. The company has a market cap of $24.89 billion, a PE ratio of 37.63 and a beta of 0.35.
Welltower (NYSE:HCN) last released its quarterly earnings data on Tuesday, August 2nd. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.01. Welltower had a return on equity of 5.08% and a net margin of 17.15%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the company posted $1.09 EPS. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, analysts expect that Welltower Inc. will post $4.58 EPS for the current year.
A number of research firms have recently issued reports on HCN. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Welltower in a research report on Sunday, September 4th. Royal Bank Of Canada lifted their price target on Welltower from $72.00 to $77.00 and gave the stock a “sector perform” rating in a report on Thursday, August 4th. Citigroup Inc. lifted their price target on Welltower from $73.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, August 11th. Hilliard Lyons cut Welltower from a “neutral” rating to an “underperform” rating in a report on Tuesday, August 2nd. Finally, RBC Capital Markets reissued a “sector perform” rating and set a $77.00 price target (up from $72.00) on shares of Welltower in a report on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $72.25.
In related news, COO Jeffrey H. Miller sold 24,777 shares of the business’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $78.00, for a total transaction of $1,932,606.00. Following the sale, the chief operating officer now directly owns 136,095 shares in the company, valued at approximately $10,615,410. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Scott M. Brinker sold 18,424 shares of the business’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $76.63, for a total value of $1,411,831.12. Following the sale, the executive vice president now owns 111,756 shares in the company, valued at $8,563,862.28. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.
Welltower Inc, formerly Health Care REIT, Inc, is a provider of healthcare infrastructure. The Company operates through three segments: triple-net, which includes independent living facilities, independent supportive living facilities (Canada), continuing care retirement communities, assisted living facilities, care homes with and without nursing (United Kingdom), Alzheimer’s/dementia care facilities, long-term/post-acute care facilities and hospitals; seniors housing operating, which includes a range of facility types, including independent living facilities and independent supportive living facilities, assisted living facilities, care homes and Alzheimer’s/dementia care facilities, and outpatient medical, which includes outpatient medical buildings.
Want to see what other hedge funds are holding HCN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Welltower Inc. (NYSE:HCN).
Receive News & Ratings for Welltower Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower Inc. and related companies with MarketBeat.com's FREE daily email newsletter.