Welltower Inc. (NYSE:HCN) Shares Bought by South Dakota Investment Council

South Dakota Investment Council increased its stake in Welltower Inc. (NYSE:HCN) by 32.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,200 shares of the real estate investment trust’s stock after buying an additional 6,700 shares during the quarter. South Dakota Investment Council’s holdings in Welltower were worth $1,912,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Spectrum Management Group Inc. acquired a new stake in Welltower during the 3rd quarter valued at $100,000. Bessemer Group Inc. lifted its holdings 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 valued at $106,000 after purchasing an additional 698 shares during the last quarter. Hudock Capital Group LLC lifted its holdings in Welltower by 543.7% during the 3rd quarter. Hudock Capital Group LLC now owns 2,002 shares of the real estate investment trust’s stock valued at $140,000 after purchasing an additional 1,691 shares during the last quarter. Harbour Capital Advisors LLC lifted its holdings in Welltower by 7,385.0% during the 2nd quarter. Harbour Capital Advisors LLC now owns 11,452 shares of the real estate investment trust’s stock valued at $153,000 after purchasing an additional 11,299 shares during the last quarter. Finally, Miles Capital Inc. acquired a new stake in Welltower during the 2nd quarter valued at $205,000. 86.67% of the stock is owned by institutional investors.

In other news, Director Gary Whitelaw purchased 1,420 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were purchased at an average cost of $68.39 per share, with a total value of $97,113.80. Following the completion of the purchase, the director now owns 1,420 shares of the company’s stock, valued at approximately $97,113.80. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.19% of the company’s stock.

HCN has been the subject of several research reports. Capital One Financial raised Welltower from an “equal weight” rating to an “overweight” rating in a report on Wednesday, November 8th. Bank of America cut Welltower to a “neutral” rating and lowered their price objective for the stock from $78.00 to $77.00 in a research report on Friday, September 22nd. KeyCorp reiterated a “hold” rating on shares of Welltower in a research report on Tuesday, October 17th. Stifel Nicolaus lowered their price objective on Welltower from $75.00 to $74.00 and set a “buy” rating on the stock in a research report on Friday, November 3rd. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $74.00 price objective on shares of Welltower in a research report on Wednesday, September 6th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $72.71.

Welltower Inc. (NYSE:HCN) traded down $1.01 during trading hours on Wednesday, reaching $66.12. The company had a trading volume of 2,672,500 shares, compared to its average volume of 1,765,753. The firm has a market capitalization of $24,862.05, a price-to-earnings ratio of 15.65, a PEG ratio of 4.52 and a beta of 0.25. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.79. Welltower Inc. has a fifty-two week low of $62.51 and a fifty-two week high of $78.17.

Welltower (NYSE:HCN) last released its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.03. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.06 billion. Welltower had a return on equity of 7.45% and a net margin of 22.67%. Welltower’s revenue was up 1.1% compared to the same quarter last year. During the same period last year, the firm posted $1.16 earnings per share. sell-side analysts anticipate that Welltower Inc. will post 4.24 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Tuesday, November 7th were paid a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 5.26%. The ex-dividend date was Monday, November 6th. Welltower’s dividend payout ratio (DPR) is presently 140.32%.

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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.

Institutional Ownership by Quarter for Welltower (NYSE:HCN)

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