Ballentine Partners LLC acquired a new stake in Welltower Inc (NYSE:HCN) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,173 shares of the real estate investment trust’s stock, valued at approximately $202,000.
Other hedge funds have also bought and sold shares of the company. Spectrum Management Group Inc. acquired a new position in shares of Welltower in the third quarter valued at approximately $100,000. Wealthcare Advisory Partners LLC acquired a new position in Welltower during the third quarter worth $101,000. SeaCrest Wealth Management LLC acquired a new position in Welltower during the fourth quarter worth $105,000. San Francisco Sentry Investment Group CA grew its holdings in Welltower by 1,048.5% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,539 shares of the real estate investment trust’s stock worth $108,000 after acquiring an additional 1,405 shares during the period. Finally, FTB Advisors Inc. grew its holdings in Welltower by 547.2% during the fourth quarter. FTB Advisors Inc. now owns 1,825 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 1,543 shares during the period. Hedge funds and other institutional investors own 86.22% of the company’s stock.
A number of analysts have commented on the company. Zacks Investment Research upgraded Welltower from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. BMO Capital Markets set a $57.00 target price on Welltower and gave the company a “sell” rating in a research note on Monday, January 15th. Mizuho restated a “hold” rating and set a $67.00 price target on shares of Welltower in a research note on Monday, December 11th. ValuEngine upgraded Welltower from a “hold” rating to a “buy” rating in a research note on Saturday, January 13th. Finally, Stephens set a $70.00 target price on Welltower and gave the company a “buy” rating in a research note on Friday, January 12th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. Welltower currently has a consensus rating of “Hold” and an average price target of $71.62.
Shares of Welltower Inc (HCN) traded down $1.00 on Wednesday, reaching $54.08. The company had a trading volume of 618,416 shares, compared to its average volume of 2,824,465. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.76. Welltower Inc has a 1 year low of $53.00 and a 1 year high of $78.17. The stock has a market capitalization of $20,400.00, a P/E ratio of 47.19, a P/E/G ratio of 3.79 and a beta of 0.17.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 21st. Investors of record on Tuesday, February 13th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 6.43%. The ex-dividend date of this dividend is Monday, February 12th. Welltower’s dividend payout ratio (DPR) is 305.26%.
In other Welltower news, Director Gary Whitelaw bought 1,420 shares of the 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 transaction, the director now directly owns 1,420 shares in the company, valued at $97,113.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.19% of the company’s stock.
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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.
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