Trade Report: Today, Penserra Capital Management LLC Raises Stake in Welltower Inc. (HCN)

Today, Penserra Capital Management LLC Raises Stake in Welltower Inc. (HCN)

Penserra Capital Management LLC boosted its position in Welltower Inc. (NYSE:HCN) by 58.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,709 shares of the real estate investment trust’s stock after buying an additional 1,362 shares during the period. Penserra Capital Management LLC’s holdings in Welltower were worth $277,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Retirement Systems of Alabama increased its stake in Welltower by 1.3% in the second quarter. Retirement Systems of Alabama now owns 182,000 shares of the real estate investment trust’s stock worth $13,863,000 after buying an additional 2,297 shares during the period. Sabal Trust CO increased its stake in Welltower by 2.8% in the second quarter. Sabal Trust CO now owns 324,162 shares of the real estate investment trust’s stock worth $24,692,000 after buying an additional 8,711 shares during the period. Tdam USA Inc. increased its stake in Welltower by 4.0% in the second quarter. Tdam USA Inc. now owns 221,761 shares of the real estate investment trust’s stock worth $16,891,000 after buying an additional 8,510 shares during the period. Green Street Investors LLC increased its stake in Welltower by 12.7% in the second quarter. Green Street Investors LLC now owns 179,000 shares of the real estate investment trust’s stock worth $13,634,000 after buying an additional 20,200 shares during the period. Finally, Trust Co. of Toledo NA OH increased its stake in Welltower by 1.0% in the second quarter. Trust Co. of Toledo NA OH now owns 135,366 shares of the real estate investment trust’s stock worth $10,311,000 after buying an additional 1,385 shares during the period. 87.05% of the stock is owned by hedge funds and other institutional investors.

Shares of Welltower Inc. (NYSE:HCN) traded up 0.74% during trading on Friday, hitting $62.64. The stock had a trading volume of 817,025 shares. The company has a market cap of $22.71 billion, a PE ratio of 27.63 and a beta of 0.25. Welltower Inc. has a 12-month low of $52.80 and a 12-month high of $80.19. The stock’s 50 day moving average is $66.90 and its 200-day moving average is $72.71.

Welltower (NYSE:HCN) last posted its quarterly earnings results on Wednesday, November 2nd. The real estate investment trust reported $1.16 EPS for the quarter, beating the consensus estimate of $1.15 by $0.01. The business earned $1.08 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Welltower had a return on equity of 6.37% and a net margin of 20.74%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the firm earned $1.12 EPS. Analysts forecast that Welltower Inc. will post $4.54 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 21st. Stockholders of record on Tuesday, November 8th were issued a $0.86 dividend. The ex-dividend date was Friday, November 4th. This represents a $3.44 annualized dividend and a dividend yield of 5.53%. Welltower’s dividend payout ratio is currently 152.21%.

A number of research analysts have issued reports on HCN shares. Wells Fargo & Co. reissued a “buy” rating on shares of Welltower in a report on Sunday, September 4th. BTIG Research assumed coverage on Welltower in a research report on Thursday, August 25th. They issued a “neutral” rating for the company. Canaccord Genuity restated a “buy” rating and issued a $86.00 price objective on shares of Welltower in a research report on Tuesday, September 13th. BMO Capital Markets restated a “sell” rating and issued a $70.00 price objective on shares of Welltower in a research report on Wednesday, November 2nd. Finally, Mizuho cut their price objective on Welltower from $75.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 3rd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company. Welltower has a consensus rating of “Hold” and a consensus price target of $73.06.

In related news, CFO Scott A. Estes sold 3,192 shares of Welltower stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $76.43, for a total transaction of $243,964.56. Following the completion of the transaction, the chief financial officer now directly owns 133,126 shares of the company’s stock, valued at $10,174,820.18. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Timothy J. Naughton acquired 2,000 shares of Welltower stock in a transaction that occurred on Thursday, November 10th. The shares were purchased at an average cost of $60.69 per share, with a total value of $121,380.00. Following the completion of the acquisition, the director now owns 9,158 shares of the company’s stock, valued at approximately $555,799.02. The disclosure for this purchase can be found here. 0.29% of the stock is owned by insiders.

Welltower Company Profile

Welltower Inc, formerly Health Care REIT, Inc, is a provider of healthcare infrastructure. The Company operates through three segments: triple-net, which includes independent living facilities, independent supportive living facilities (Canada), continuing care retirement communities, assisted living facilities, care homes with and without nursing (United Kingdom), Alzheimer’s/dementia care facilities, long-term/post-acute care facilities and hospitals; seniors housing operating, which includes a range of facility types, including independent living facilities and independent supportive living facilities, assisted living facilities, care homes and Alzheimer’s/dementia care facilities, and outpatient medical, which includes outpatient medical buildings.

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