Wealthstreet Investment Advisors LLC Invests $614,000 in Welltower Inc (HCN)

Wealthstreet Investment Advisors LLC purchased a new position in Welltower Inc (NYSE:HCN) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 9,629 shares of the real estate investment trust’s stock, valued at approximately $614,000.

Several other large investors have also recently modified their holdings of the company. Park Avenue Securities LLC boosted its stake in shares of Welltower by 37.8% in the fourth quarter. Park Avenue Securities LLC now owns 9,760 shares of the real estate investment trust’s stock worth $625,000 after acquiring an additional 2,678 shares during the last quarter. Swiss National Bank boosted its stake in Welltower by 1.2% during the fourth quarter. Swiss National Bank now owns 1,600,166 shares of the real estate investment trust’s stock worth $102,043,000 after buying an additional 19,400 shares during the last quarter. Sabal Trust CO boosted its stake in Welltower by 4.7% during the fourth quarter. Sabal Trust CO now owns 358,902 shares of the real estate investment trust’s stock worth $22,888,000 after buying an additional 16,057 shares during the last quarter. Carmichael Hill & Associates Inc. acquired a new position in Welltower during the fourth quarter worth $278,000. Finally, California Public Employees Retirement System boosted its stake in Welltower by 5.9% during the fourth quarter. California Public Employees Retirement System now owns 910,233 shares of the real estate investment trust’s stock worth $58,046,000 after buying an additional 50,609 shares during the last quarter. 86.22% of the stock is currently owned by hedge funds and other institutional investors.

In other Welltower news, Director Gary Whitelaw purchased 1,420 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were acquired at an average price of $68.39 per share, with a total value of $97,113.80. Following the purchase, the director now directly owns 1,420 shares in the company, valued at approximately $97,113.80. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.19% of the company’s stock.

A number of research firms have weighed in on HCN. Zacks Investment Research raised Welltower from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. BMO Capital Markets set a $57.00 price objective on Welltower and gave the stock a “sell” rating in a research note on Monday, January 15th. Mizuho reissued a “hold” rating and set a $67.00 price objective on shares of Welltower in a research note on Monday, December 11th. ValuEngine raised Welltower from a “hold” rating to a “buy” rating in a research note on Saturday, January 13th. Finally, Stephens set a $70.00 price objective on Welltower and gave the stock 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 assigned a hold rating and five have issued a buy rating to the company’s stock. Welltower has a consensus rating of “Hold” and an average price target of $71.62.

Welltower Inc (NYSE HCN) opened at $54.15 on Thursday. Welltower Inc has a 12 month low of $53.00 and a 12 month high of $78.17. The company has a market capitalization of $20,399.25, a price-to-earnings ratio of 12.84, a PEG ratio of 3.86 and a beta of 0.15. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.79.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Tuesday, February 13th will be paid 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 presently 140.32%.

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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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Institutional Ownership by Quarter for Welltower (NYSE:HCN)

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