New Mexico Educational Retirement Board cut its holdings in shares of Welltower Inc (NYSE:HCN) by 57.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,498 shares of the real estate investment trust’s stock after selling 48,758 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Welltower were worth $2,264,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Oppenheimer & Co. Inc. boosted its position in Welltower by 2.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 38,721 shares of the real estate investment trust’s stock worth $2,721,000 after acquiring an additional 801 shares during the period. Amalgamated Bank lifted its holdings in shares of Welltower by 2.0% in the third quarter. Amalgamated Bank now owns 42,105 shares of the real estate investment trust’s stock valued at $2,959,000 after buying an additional 819 shares during the period. Ausdal Financial Partners Inc. lifted its holdings in shares of Welltower by 24.1% in the third quarter. Ausdal Financial Partners Inc. now owns 4,230 shares of the real estate investment trust’s stock valued at $297,000 after buying an additional 822 shares during the period. Liberty Capital Management Inc. lifted its holdings in shares of Welltower by 5.0% in the third quarter. Liberty Capital Management Inc. now owns 17,265 shares of the real estate investment trust’s stock valued at $1,177,000 after buying an additional 825 shares during the period. Finally, Wesbanco Bank Inc. lifted its holdings in shares of Welltower by 3.0% in the fourth quarter. Wesbanco Bank Inc. now owns 29,936 shares of the real estate investment trust’s stock valued at $1,909,000 after buying an additional 858 shares during the period. Institutional investors own 85.94% of the company’s stock.
Several research firms recently weighed in on HCN. BMO Capital Markets reissued a “sell” rating and set a $57.00 price target on shares of Welltower in a research report on Thursday. Zacks Investment Research raised Welltower from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Mizuho reaffirmed a “hold” rating and issued a $67.00 target price on shares of Welltower in a research report on Monday, December 11th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $60.00 target price (down from $74.00) on shares of Welltower in a research report on Friday. Finally, SunTrust Banks set a $58.00 target price on Welltower and gave the stock a “hold” rating in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $69.92.
Welltower (NYSE:HCN) last released its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported $1.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.02). Welltower had a net margin of 12.13% and a return on equity of 4.35%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the business earned $0.91 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. analysts anticipate that Welltower Inc will post 4.1 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Tuesday, February 13th were given a $0.87 dividend. The ex-dividend date of this dividend was Monday, February 12th. This represents a $3.48 dividend on an annualized basis and a yield of 6.40%. Welltower’s payout ratio is 940.54%.
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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