Parametric Portfolio Associates LLC Grows Holdings in Welltower Inc. (HCN)

Parametric Portfolio Associates LLC raised its stake in Welltower Inc. (NYSE:HCN) by 4.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 799,323 shares of the real estate investment trust’s stock after purchasing an additional 35,063 shares during the period. Parametric Portfolio Associates LLC owned 0.22% of Welltower worth $56,176,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Bessemer Group Inc. grew its stake in shares of Welltower by 97.6% in the second quarter. Bessemer Group Inc. now owns 1,413 shares of the real estate investment trust’s stock valued at $106,000 after acquiring an additional 698 shares in the last quarter. Ballentine Partners LLC acquired a new position in shares of Welltower in the second quarter valued at about $210,000. Blair William & Co. IL grew its stake in shares of Welltower by 8.1% in the second quarter. Blair William & Co. IL now owns 42,962 shares of the real estate investment trust’s stock valued at $3,216,000 after acquiring an additional 3,237 shares in the last quarter. Virginia Retirement Systems ET AL grew its stake in shares of Welltower by 8.1% in the second quarter. Virginia Retirement Systems ET AL now owns 264,233 shares of the real estate investment trust’s stock valued at $19,778,000 after acquiring an additional 19,700 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Welltower by 1.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,303,631 shares of the real estate investment trust’s stock valued at $97,577,000 after acquiring an additional 21,255 shares in the last quarter. Hedge funds and other institutional investors own 86.36% of the company’s stock.

Several equities analysts recently commented on the stock. Stifel Nicolaus decreased their price target on shares of Welltower from $75.00 to $74.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. Royal Bank of Canada restated a “hold” rating and issued a $74.00 price target on shares of Welltower in a research note on Tuesday, October 10th. Mizuho restated a “hold” rating and issued a $67.00 price target on shares of Welltower in a research note on Monday, December 11th. Capital One Financial upgraded shares of Welltower from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, November 8th. Finally, Bank of America downgraded shares of Welltower to a “neutral” rating and decreased their price target for the company from $78.00 to $77.00 in a research note on Friday, September 22nd. Three 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 price target of $73.07.

In related news, Director Gary Whitelaw acquired 1,420 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were acquired at an average cost of $68.39 per share, for a total transaction of $97,113.80. Following the purchase, the director now owns 1,420 shares in the company, valued at $97,113.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.19% of the stock is currently owned by company insiders.

Welltower Inc. (NYSE:HCN) opened at $64.48 on Wednesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.76 and a current ratio of 1.76. Welltower Inc. has a 52 week low of $64.11 and a 52 week high of $78.17. The firm has a market capitalization of $24,939.83, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 4.52 and a beta of 0.25.

Welltower (NYSE:HCN) last issued 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. Welltower had a return on equity of 7.45% and a net margin of 22.67%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the business earned $1.16 EPS. The business’s revenue was up 1.1% on a year-over-year basis. equities research analysts anticipate that Welltower Inc. will post 4.24 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Tuesday, November 7th were paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 5.40%. 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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