Raymond James Trust N.A. trimmed its position in Welltower Inc (NYSE:HCN) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,739 shares of the real estate investment trust’s stock after selling 1,547 shares during the period. Raymond James Trust N.A.’s holdings in Welltower were worth $1,960,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Spectrum Management Group Inc. bought a new stake in shares of Welltower in the third quarter valued at about $100,000. Wealthcare Advisory Partners LLC bought a new stake in Welltower during the third quarter worth about $101,000. SeaCrest Wealth Management LLC bought a new stake in Welltower during the fourth quarter worth about $105,000. San Francisco Sentry Investment Group CA raised 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 in the last quarter. Finally, FTB Advisors Inc. raised 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 in the last quarter. Institutional investors own 86.55% of the company’s stock.
Several analysts recently issued reports on HCN shares. Zacks Investment Research lowered Welltower from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Stephens set a $70.00 target price on Welltower and gave the stock a “buy” rating in a report on Friday, January 12th. KeyCorp reiterated a “hold” rating on shares of Welltower in a report on Tuesday, October 17th. SunTrust Banks set a $66.00 target price on Welltower and gave the stock a “hold” rating in a report on Monday, January 22nd. Finally, Mizuho reiterated a “hold” rating and set a $67.00 target price on shares of Welltower in a report on Monday, December 11th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $71.62.
Welltower Inc (HCN) opened at $56.53 on Tuesday. The firm has a market capitalization of $21,647.36, a P/E ratio of 13.63, a price-to-earnings-growth ratio of 4.06 and a beta of 0.17. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.79. Welltower Inc has a 12-month low of $56.41 and a 12-month high of $78.17.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 21st. Shareholders of record on Tuesday, February 13th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 6.16%. The ex-dividend date is Monday, February 12th. Welltower’s dividend payout ratio (DPR) is presently 140.32%.
In other Welltower news, Director Gary Whitelaw purchased 1,420 shares of the stock in a transaction on Tuesday, November 21st. The shares were purchased at an average price of $68.39 per share, with a total value of $97,113.80. Following the completion of the transaction, the director now directly owns 1,420 shares in the company, valued at $97,113.80. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.19% of the stock is owned by insiders.
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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