Todays Report: Today, Delta Lloyd NV Buys 10,224 Shares of Welltower Inc. (HCN)

Today, Delta Lloyd NV Buys 10,224 Shares of Welltower Inc. (HCN)

Delta Lloyd NV raised its position in shares of Welltower Inc. (NYSE:HCN) by 10.8% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 104,640 shares of the real estate investment trust’s stock after buying an additional 10,224 shares during the period. Delta Lloyd NV’s holdings in Welltower were worth $7,824,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC boosted its position in shares of Welltower by 0.4% in the third quarter. Brighton Jones LLC now owns 4,486 shares of the real estate investment trust’s stock worth $335,000 after buying an additional 19 shares during the last quarter. Associated Banc Corp boosted its position in shares of Welltower by 0.6% in the second quarter. Associated Banc Corp now owns 6,354 shares of the real estate investment trust’s stock worth $484,000 after buying an additional 41 shares during the last quarter. SNS Financial Group LLC boosted its position in shares of Welltower by 1.6% in the second quarter. SNS Financial Group LLC now owns 2,967 shares of the real estate investment trust’s stock worth $226,000 after buying an additional 46 shares during the last quarter. Financial Counselors Inc. boosted its position in shares of Welltower by 0.6% in the second quarter. Financial Counselors Inc. now owns 7,445 shares of the real estate investment trust’s stock worth $567,000 after buying an additional 48 shares during the last quarter. Finally, Pennsylvania Trust Co boosted its position in shares of Welltower by 2.0% in the third quarter. Pennsylvania Trust Co now owns 2,708 shares of the real estate investment trust’s stock worth $202,000 after buying an additional 54 shares during the last quarter. Institutional investors and hedge funds own 84.87% of the company’s stock.

Welltower Inc. (NYSE:HCN) traded up 0.88% during trading on Monday, reaching $63.19. The company’s stock had a trading volume of 1,193,933 shares. The firm’s 50-day moving average price is $66.58 and its 200 day moving average price is $72.62. The company has a market capitalization of $22.91 billion, a P/E ratio of 27.87 and a beta of 0.25. Welltower Inc. has a 12-month low of $52.80 and a 12-month high of $80.19.

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

The business also recently announced a quarterly dividend, which was paid on Monday, November 21st. Stockholders of record on Tuesday, November 8th were given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 5.49%. The ex-dividend date was Friday, November 4th. Welltower’s dividend payout ratio is currently 152.21%.

A number of brokerages have commented on HCN. RBC Capital Markets reiterated a “sector perform” rating and set a $77.00 price target (up from $72.00) on shares of Welltower in a research report on Thursday, August 4th. S&P Equity Research reiterated a “positive” rating on shares of Welltower in a research report on Thursday, November 3rd. Citigroup Inc. increased their price target on shares of Welltower from $73.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, August 11th. Royal Bank Of Canada increased their price target on shares of Welltower from $72.00 to $77.00 and gave the company a “sector perform” rating in a research report on Thursday, August 4th. Finally, Hilliard Lyons lowered Welltower from a “neutral” rating to an “underperform” rating in a research note on Tuesday, August 2nd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $73.06.

In other news, COO Jeffrey H. Miller sold 24,777 shares of the business’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $78.00, for a total transaction of $1,932,606.00. Following the transaction, the chief operating officer now owns 136,095 shares of the company’s stock, valued at approximately $10,615,410. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Timothy J. Naughton bought 2,000 shares of the business’s stock in a transaction dated Thursday, November 10th. The shares were bought at an average cost of $60.69 per share, for a total transaction of $121,380.00. Following the transaction, the director now owns 9,158 shares in the company, valued at approximately $555,799.02. The disclosure for this purchase can be found here. Insiders own 0.29% of the company’s stock.

About Welltower

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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