OLD National Bancorp IN lowered its stake in shares of Welltower Inc (NYSE:HCN) by 19.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,357 shares of the real estate investment trust’s stock after selling 1,791 shares during the period. OLD National Bancorp IN’s holdings in Welltower were worth $469,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Spectrum Management Group Inc. bought a new position in Welltower during the third quarter valued at about $100,000. Wealthcare Advisory Partners LLC bought a new position in Welltower during the third quarter valued at about $101,000. San Francisco Sentry Investment Group CA grew its position 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 valued at $108,000 after buying an additional 1,405 shares during the period. SeaCrest Wealth Management LLC bought a new position in Welltower during the fourth quarter valued at about $105,000. Finally, FTB Advisors Inc. grew its position 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 valued at $116,000 after buying an additional 1,543 shares during the period. Institutional investors own 86.22% of the company’s stock.
Several equities analysts recently weighed in on the stock. ValuEngine lowered shares of Welltower from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. BMO Capital Markets set a $57.00 price target on shares of Welltower and gave the company a “sell” rating in a research report on Monday, January 15th. Stifel Nicolaus reduced their price target on shares of Welltower from $75.00 to $74.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. TheStreet lowered shares of Welltower from a “b-” rating to a “c+” rating in a research report on Thursday, February 8th. Finally, Mizuho reaffirmed a “hold” rating and set a $67.00 price objective on shares of Welltower in a report on Monday, December 11th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $71.62.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Investors of record on Tuesday, February 13th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 6.43%. The ex-dividend date is Monday, February 12th. Welltower’s dividend payout ratio is currently 140.32%.
In related news, Director Gary Whitelaw bought 1,420 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were acquired at an average cost of $68.39 per share, with a total value of $97,113.80. Following the completion of the purchase, the director now directly owns 1,420 shares of the company’s stock, valued at approximately $97,113.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.19% of the company’s stock.
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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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