ETRADE Capital Management LLC Has $2.01 Million Position in Welltower Inc. (HCN)
ETRADE Capital Management LLC lowered its stake in Welltower Inc. (NYSE:HCN) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,786 shares of the real estate investment trust’s stock after selling 91 shares during the quarter. ETRADE Capital Management LLC’s holdings in Welltower were worth $2,005,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Bessemer Group Inc. boosted its position in Welltower by 97.6% during the 2nd quarter. Bessemer Group Inc. now owns 1,413 shares of the real estate investment trust’s stock worth $106,000 after acquiring an additional 698 shares during the period. Appleton Partners Inc. MA acquired a new stake in Welltower during the 2nd quarter worth about $204,000. Martingale Asset Management L P acquired a new stake in Welltower during the 2nd quarter worth about $210,000. Intrust Bank NA acquired a new stake in Welltower during the 2nd quarter worth about $211,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Welltower during the 2nd quarter worth about $211,000. 85.89% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada reiterated a “hold” rating and set a $72.00 price target on shares of Welltower in a report on Monday, June 5th. BMO Capital Markets reiterated a “sell” rating and set a $68.00 price target on shares of Welltower in a report on Friday, July 28th. BidaskClub lowered Welltower from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Finally, Mizuho reiterated a “neutral” rating on shares of Welltower in a report on Wednesday, June 28th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $71.55.
Welltower Inc. (NYSE:HCN) traded down 0.39% during mid-day trading on Friday, hitting $71.92. The stock had a trading volume of 217,131 shares. The stock’s 50 day moving average price is $72.57 and its 200 day moving average price is $72.34. Welltower Inc. has a one year low of $59.39 and a one year high of $78.17. The firm has a market capitalization of $26.53 billion, a price-to-earnings ratio of 22.40 and a beta of 0.24.
Welltower (NYSE:HCN) last posted its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.01. Welltower had a return on equity of 8.74% and a net margin of 28.94%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the company earned $0.54 EPS. Analysts forecast that Welltower Inc. will post $2.31 EPS for the current year.
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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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