Sheets Smith Wealth Management bought a new position in Welltower Inc (NYSE:HCN) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 8,863 shares of the real estate investment trust’s stock, valued at approximately $565,000.
Several other institutional investors also recently made changes to their positions in the company. Hexavest Inc. boosted its holdings in shares of Welltower by 1.7% in the 4th quarter. Hexavest Inc. now owns 925,747 shares of the real estate investment trust’s stock worth $59,035,000 after purchasing an additional 15,439 shares during the period. Windward Capital Management Co. CA lifted its stake in shares of Welltower by 110.8% during the 4th quarter. Windward Capital Management Co. CA now owns 24,793 shares of the real estate investment trust’s stock worth $1,581,000 after acquiring an additional 13,030 shares during the last quarter. Bogart Wealth LLC lifted its stake in shares of Welltower by 5.9% during the 4th quarter. Bogart Wealth LLC now owns 26,374 shares of the real estate investment trust’s stock worth $1,682,000 after acquiring an additional 1,478 shares during the last quarter. DnB Asset Management AS lifted its stake in shares of Welltower by 4.3% during the 4th quarter. DnB Asset Management AS now owns 38,827 shares of the real estate investment trust’s stock worth $2,476,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Private Asset Management Inc. lifted its stake in shares of Welltower by 4.8% during the 4th quarter. Private Asset Management Inc. now owns 51,207 shares of the real estate investment trust’s stock worth $3,265,000 after acquiring an additional 2,350 shares during the last quarter. Hedge funds and other institutional investors own 86.59% of the company’s stock.
In other Welltower news, Director Gary Whitelaw bought 1,420 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were purchased at an average cost of $68.39 per share, for a total transaction of $97,113.80. Following the purchase, the director now directly owns 1,420 shares in the company, valued at $97,113.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.19% of the stock is owned by insiders.
Shares of Welltower Inc (NYSE:HCN) traded up $0.41 during trading hours on Friday, hitting $58.45. The stock had a trading volume of 2,821,263 shares, compared to its average volume of 2,593,699. Welltower Inc has a twelve month low of $56.89 and a twelve month high of $78.17. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.76. The stock has a market cap of $21,647.37, a P/E ratio of 23.57, a PEG ratio of 4.05 and a beta of 0.17.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Investors of record on Tuesday, February 13th will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, February 12th. This represents a $3.48 annualized dividend and a yield of 5.95%. Welltower’s dividend payout ratio (DPR) is 140.32%.
HCN has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed a “hold” rating and set a $74.00 target price on shares of Welltower in a research report on Tuesday, October 10th. KeyCorp reaffirmed a “hold” rating on shares of Welltower in a research report on Tuesday, October 17th. Stifel Nicolaus decreased their target price on Welltower from $75.00 to $74.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Capital One Financial raised Welltower from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, November 8th. Finally, Mizuho reiterated a “hold” rating and issued a $67.00 price target on shares of Welltower in a report on Monday, December 11th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. Welltower presently has a consensus rating of “Hold” and an average price target of $71.62.
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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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