Welltower Inc (HCN) Stake Lowered by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC lowered its holdings in Welltower Inc (NYSE:HCN) by 53.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,260 shares of the real estate investment trust’s stock after selling 64,293 shares during the period. Nisa Investment Advisors LLC’s holdings in Welltower were worth $3,524,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Windward Capital Management Co. CA grew its position in shares of Welltower by 110.8% in the fourth quarter. Windward Capital Management Co. CA now owns 24,793 shares of the real estate investment trust’s stock valued at $1,581,000 after purchasing an additional 13,030 shares during the period. Bogart Wealth LLC grew its position in shares of Welltower by 5.9% in the fourth quarter. Bogart Wealth LLC now owns 26,374 shares of the real estate investment trust’s stock valued at $1,682,000 after purchasing an additional 1,478 shares during the period. DnB Asset Management AS grew its position in shares of Welltower by 4.3% in the fourth quarter. DnB Asset Management AS now owns 38,827 shares of the real estate investment trust’s stock valued at $2,476,000 after purchasing an additional 1,600 shares during the period. Private Asset Management Inc. grew its position in shares of Welltower by 4.8% in the fourth quarter. Private Asset Management Inc. now owns 51,207 shares of the real estate investment trust’s stock valued at $3,265,000 after purchasing an additional 2,350 shares during the period. Finally, QUANTRES ASSET MANAGEMENT Ltd grew its position in shares of Welltower by 23.8% in the fourth quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 10,400 shares of the real estate investment trust’s stock valued at $663,000 after purchasing an additional 2,000 shares during the period. 86.46% of the stock is owned by institutional investors and hedge funds.
In related news, Director Gary Whitelaw bought 1,420 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was bought at an average price of $68.39 per share, with a total value of $97,113.80. Following the completion of the transaction, the director now directly owns 1,420 shares of the company’s stock, valued at $97,113.80. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.19% of the stock is owned by corporate insiders.
Shares of Welltower Inc (NYSE:HCN) opened at $60.11 on Thursday. Welltower Inc has a 1 year low of $58.98 and a 1 year high of $78.17. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.76 and a current ratio of 1.76. The stock has a market capitalization of $21,947.34, a PE ratio of 24.24, a price-to-earnings-growth ratio of 3.93 and a beta of 0.25.
Welltower (NYSE:HCN) last issued 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. Welltower had a return on equity of 7.45% and a net margin of 22.67%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the business earned $1.16 earnings per share. The company’s revenue was up 1.1% compared to the same quarter last year. equities research analysts forecast that Welltower Inc will post 4.24 EPS for the current year.
A number of equities research analysts have issued reports on HCN shares. ValuEngine raised Welltower from a “hold” rating to a “buy” rating in a research report on Saturday, January 13th. BMO Capital Markets set a $57.00 price target on Welltower and gave the company a “sell” rating in a research report on Monday. Stephens set a $70.00 price target on Welltower and gave the company a “buy” rating in a research report on Friday, January 12th. Royal Bank of Canada reissued a “hold” rating and set a $74.00 price target on shares of Welltower in a research report on Tuesday, October 10th. Finally, Jefferies Group reissued a “hold” rating and set a $72.00 price target on shares of Welltower in a research report on Tuesday, October 3rd. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Welltower has a consensus rating of “Hold” and an average target price of $72.08.
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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