Janney Montgomery Scott LLC raised its position in shares of Welltower Inc. (NYSE:HCN) by 4.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 241,885 shares of the real estate investment trust’s stock after purchasing an additional 9,840 shares during the period. Janney Montgomery Scott LLC owned about 0.07% of Welltower worth $17,000,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of HCN. Spectrum Management Group Inc. bought a new stake in Welltower during the 3rd quarter valued at $100,000. Bessemer Group Inc. raised its position in Welltower by 97.6% during the 2nd quarter. Bessemer Group Inc. now owns 1,413 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 698 shares in the last quarter. San Francisco Sentry Investment Group CA increased its holdings in shares of Welltower by 1,048.5% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,539 shares of the real estate investment trust’s stock valued at $108,000 after acquiring an additional 1,405 shares during the period. Hudock Capital Group LLC increased its holdings in shares of Welltower by 543.7% in the 3rd quarter. Hudock Capital Group LLC now owns 2,002 shares of the real estate investment trust’s stock valued at $140,000 after acquiring an additional 1,691 shares during the period. Finally, Miles Capital Inc. purchased a new position in shares of Welltower in the 2nd quarter valued at $205,000. 86.67% of the stock is owned by institutional investors and hedge funds.
Shares of Welltower Inc. (NYSE HCN) traded up $0.13 during mid-day trading on Monday, reaching $66.32. The company had a trading volume of 2,018,100 shares, compared to its average volume of 1,772,065. Welltower Inc. has a 1 year low of $63.05 and a 1 year high of $78.17. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.79. The stock has a market cap of $24,562.06, a P/E ratio of 15.46, a price-to-earnings-growth ratio of 4.46 and a beta of 0.25.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Tuesday, November 7th were paid a dividend of $0.87 per share. The ex-dividend date was Monday, November 6th. This represents a $3.48 annualized dividend and a yield of 5.25%. Welltower’s dividend payout ratio (DPR) is 140.32%.
A number of brokerages have recently issued reports on HCN. Royal Bank Of Canada reiterated a “hold” rating and issued a $74.00 price target on shares of Welltower in a report on Wednesday, September 6th. Bank of America downgraded Welltower to a “neutral” rating and cut their price target for the company from $78.00 to $77.00 in a report on Friday, September 22nd. Capital One Financial began coverage on Welltower in a report on Monday, September 25th. They issued an “equal weight” rating and a $74.00 price target on the stock. UBS cut their price target on Welltower from $71.00 to $69.00 and set a “neutral” rating on the stock in a report on Monday, October 2nd. Finally, Jefferies Group reiterated a “hold” rating and issued a $72.00 price target on shares of Welltower in a report on Tuesday, October 3rd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. Welltower presently has a consensus rating of “Hold” and a consensus price target of $72.71.
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.
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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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