Sabal Trust CO increased its stake in Welltower Inc. (NYSE:HCN) by 2.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 333,343 shares of the real estate investment trust’s stock after buying an additional 8,815 shares during the period. Welltower makes up about 2.6% of Sabal Trust CO’s investment portfolio, making the stock its 14th largest position. Sabal Trust CO’s holdings in Welltower were worth $24,950,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Gulf International Bank UK Ltd boosted its stake in Welltower by 1.0% in the first quarter. Gulf International Bank UK Ltd now owns 111,142 shares of the real estate investment trust’s stock worth $7,871,000 after buying an additional 1,100 shares in the last quarter. Forte Capital LLC ADV boosted its stake in Welltower by 9.3% in the first quarter. Forte Capital LLC ADV now owns 7,945 shares of the real estate investment trust’s stock worth $563,000 after buying an additional 675 shares in the last quarter. Raymond James Trust N.A. boosted its stake in Welltower by 3.8% in the first quarter. Raymond James Trust N.A. now owns 32,956 shares of the real estate investment trust’s stock worth $2,334,000 after buying an additional 1,201 shares in the last quarter. Catawba Capital Management VA boosted its stake in Welltower by 1.0% in the first quarter. Catawba Capital Management VA now owns 46,894 shares of the real estate investment trust’s stock worth $3,321,000 after buying an additional 455 shares in the last quarter. Finally, Manning & Napier Advisors LLC boosted its stake in Welltower by 19.8% in the first quarter. Manning & Napier Advisors LLC now owns 117,870 shares of the real estate investment trust’s stock worth $8,346,000 after buying an additional 19,460 shares in the last quarter. Institutional investors own 86.09% of the company’s stock.
Shares of Welltower Inc. (HCN) traded up 0.31% during trading on Friday, reaching $73.93. 1,227,350 shares of the company’s stock traded hands. Welltower Inc. has a 1-year low of $59.39 and a 1-year high of $80.19. The stock has a 50-day moving average of $74.55 and a 200-day moving average of $70.63. The company has a market capitalization of $27.07 billion, a price-to-earnings ratio of 22.78 and a beta of 0.24.
Welltower (NYSE:HCN) last released its quarterly earnings data on Friday, May 5th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.05. Welltower had a net margin of 29.10% and a return on equity of 8.94%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the firm earned $0.42 earnings per share. Welltower’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, equities analysts predict that Welltower Inc. will post $2.20 EPS for the current fiscal year.
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A number of research analysts have recently weighed in on the company. Royal Bank Of Canada restated a “hold” rating and set a $72.00 price objective on shares of Welltower in a research report on Monday, June 5th. Zacks Investment Research upgraded Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, March 29th. BidaskClub upgraded Welltower from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Canaccord Genuity reiterated a “buy” rating and issued a $86.00 price target on shares of Welltower in a research report on Friday, May 5th. Finally, Evercore ISI lowered Welltower from an “in-line” rating to an “underperform” rating in a research report on Monday, April 24th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $73.43.
About Welltower
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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