Shell Asset Management Co. Takes Position in Welltower Inc (HCN)

Shell Asset Management Co. bought a new position in Welltower Inc (NYSE:HCN) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 101,661 shares of the real estate investment trust’s stock, valued at approximately $6,483,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Oppenheimer & Co. Inc. increased its stake in shares of Welltower by 2.1% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 38,721 shares of the real estate investment trust’s stock worth $2,721,000 after acquiring an additional 801 shares during the last quarter. Amalgamated Bank increased its position in shares of Welltower by 2.0% during the 3rd quarter. Amalgamated Bank now owns 42,105 shares of the real estate investment trust’s stock worth $2,959,000 after purchasing an additional 819 shares during the last quarter. Ausdal Financial Partners Inc. increased its position in shares of Welltower by 24.1% during the 3rd quarter. Ausdal Financial Partners Inc. now owns 4,230 shares of the real estate investment trust’s stock worth $297,000 after purchasing an additional 822 shares during the last quarter. Liberty Capital Management Inc. increased its position in shares of Welltower by 5.0% during the 3rd quarter. Liberty Capital Management Inc. now owns 17,265 shares of the real estate investment trust’s stock worth $1,177,000 after purchasing an additional 825 shares during the last quarter. Finally, Wesbanco Bank Inc. increased its position in shares of Welltower by 3.0% during the 4th quarter. Wesbanco Bank Inc. now owns 29,936 shares of the real estate investment trust’s stock worth $1,909,000 after purchasing an additional 858 shares during the last quarter. 85.94% of the stock is owned by institutional investors and hedge funds.

HCN has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Welltower from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Stephens set a $70.00 price objective on Welltower and gave the stock a “buy” rating in a research report on Friday, January 12th. SunTrust Banks set a $66.00 price objective on Welltower and gave the stock a “hold” rating in a research report on Monday, January 22nd. ValuEngine raised Welltower from a “hold” rating to a “buy” rating in a research report on Saturday, January 13th. Finally, Mizuho reissued a “hold” rating and set a $67.00 price objective on shares of Welltower in a research report on Monday, December 11th. Three 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’s stock. The company has a consensus rating of “Hold” and a consensus target price of $71.62.

Welltower Inc (NYSE:HCN) opened at $55.79 on Monday. The firm has a market capitalization of $20,662.21, a PE ratio of 22.50, a price-to-earnings-growth ratio of 3.91 and a beta of 0.17. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.76. Welltower Inc has a 52-week low of $53.00 and a 52-week high of $78.17.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Shareholders of record on Tuesday, February 13th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 6.24%. The ex-dividend date is Monday, February 12th. Welltower’s dividend payout ratio is currently 140.32%.

In other news, Director Gary Whitelaw bought 1,420 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was bought at an average cost of $68.39 per share, with a total value of $97,113.80. Following the transaction, the director now directly owns 1,420 shares in the company, valued at approximately $97,113.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.19% of the company’s stock.

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About Welltower

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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Institutional Ownership by Quarter for Welltower (NYSE:HCN)

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