Todays Report: Today, 11,724 Shares of Welltower Inc. (HCN) are sold by Teacher Retirement System of Texas

Today, 11,724 Shares of Welltower Inc. (HCN) are sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its stake in Welltower Inc. (NYSE:HCN) by 4.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 263,696 shares of the real estate investment trust’s stock after selling 11,724 shares during the period. Teacher Retirement System of Texas owned about 0.07% of Welltower worth $19,717,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Retirement Systems of Alabama boosted its position in shares of 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 valued at $13,863,000 after buying an additional 2,297 shares in the last quarter. Sabal Trust CO boosted its position in shares of Welltower by 2.8% in the second quarter. Sabal Trust CO now owns 324,162 shares of the real estate investment trust’s stock valued at $24,692,000 after buying an additional 8,711 shares in the last quarter. Tdam USA Inc. boosted its position in shares of Welltower by 4.0% in the second quarter. Tdam USA Inc. now owns 221,761 shares of the real estate investment trust’s stock valued at $16,891,000 after buying an additional 8,510 shares in the last quarter. Green Street Investors LLC boosted its position in shares of 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 valued at $13,634,000 after buying an additional 20,200 shares in the last quarter. Finally, Trust Co. of Toledo NA OH boosted its position in shares of 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 valued at $10,311,000 after buying an additional 1,385 shares in the last quarter. Institutional investors and hedge funds own 84.87% of the company’s stock.

Welltower Inc. (NYSE:HCN) traded up 0.96% during trading on Monday, reaching $63.24. The company had a trading volume of 1,122,024 shares. Welltower Inc. has a 52-week low of $52.80 and a 52-week high of $80.19. The company has a market capitalization of $22.93 billion, a PE ratio of 27.90 and a beta of 0.25. The stock has a 50 day moving average price of $66.58 and a 200-day moving average price of $72.62.

Welltower (NYSE:HCN) last announced its quarterly earnings results on Wednesday, November 2nd. The real estate investment trust reported $1.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.01. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.05 billion. Welltower had a net margin of 20.74% and a return on equity of 6.37%. Welltower’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the business earned $1.12 EPS. On average, equities research analysts anticipate that Welltower Inc. will post $4.54 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 21st. Shareholders of record on Tuesday, November 8th were issued a $0.86 dividend. The ex-dividend date of this dividend was Friday, November 4th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 5.49%. Welltower’s dividend payout ratio (DPR) is presently 152.21%.

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

In other Welltower news, COO Jeffrey H. Miller sold 24,777 shares of Welltower stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $78.00, for a total value of $1,932,606.00. Following the transaction, the chief operating officer now owns 136,095 shares in the company, valued at approximately $10,615,410. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Scott A. Estes sold 3,192 shares of Welltower stock in a transaction on Thursday, September 1st. The shares were 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 owns 133,126 shares in the company, valued at approximately $10,174,820.18. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by company 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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