State of Wisconsin Investment Board lifted its stake in shares of Welltower Inc (NYSE:HCN) by 0.6% during the 4th quarter, Holdings Channel reports. The firm owned 470,368 shares of the real estate investment trust’s stock after acquiring an additional 2,742 shares during the period. State of Wisconsin Investment Board’s holdings in Welltower were worth $29,995,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Spectrum Management Group Inc. bought a new stake in shares of Welltower during the 3rd quarter valued at approximately $100,000. Wealthcare Advisory Partners LLC bought a new stake in shares of Welltower during the 3rd quarter valued at approximately $101,000. SeaCrest Wealth Management LLC bought a new stake in shares of Welltower during the 4th quarter valued at approximately $105,000. San Francisco Sentry Investment Group CA grew its holdings in shares of Welltower by 1,048.5% during 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 purchasing an additional 1,405 shares during the last quarter. Finally, FTB Advisors Inc. grew its holdings in shares of Welltower by 547.2% during the 4th quarter. FTB Advisors Inc. now owns 1,825 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 1,543 shares during the last quarter. 85.94% of the stock is currently owned by institutional investors.
Several equities research analysts recently issued reports on HCN shares. Stifel Nicolaus decreased their price target on shares of Welltower from $75.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. Capital One Financial raised shares of Welltower from an “equal weight” rating to an “overweight” rating in a report on Wednesday, November 8th. Mizuho reaffirmed a “hold” rating and set a $67.00 price target on shares of Welltower in a report on Monday, December 11th. Zacks Investment Research lowered shares of Welltower from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Finally, Stephens set a $70.00 target price on shares of Welltower and gave the stock a “buy” rating in a report on Friday, January 12th. Three investment 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. Welltower presently has an average rating of “Hold” and a consensus price target of $71.62.
Shares of Welltower Inc (NYSE HCN) opened at $55.79 on Monday. Welltower Inc has a 1-year low of $53.00 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 firm has a market cap of $20,662.21, a P/E ratio of 22.50, a price-to-earnings-growth ratio of 3.91 and a beta of 0.17.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Tuesday, February 13th will be given a $0.87 dividend. The ex-dividend date of this dividend is Monday, February 12th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 6.24%. Welltower’s dividend payout ratio (DPR) is currently 140.32%.
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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