Oppenheimer & Co. Inc. decreased its stake in shares of Welltower Inc (NYSE:HCN) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,169 shares of the real estate investment trust’s stock after selling 1,552 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Welltower were worth $2,370,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. First Heartland Consultants Inc. lifted its position in Welltower by 33.5% during the third quarter. First Heartland Consultants Inc. now owns 7,595 shares of the real estate investment trust’s stock worth $534,000 after buying an additional 1,905 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Welltower by 6.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 3,544,275 shares of the real estate investment trust’s stock worth $226,019,000 after acquiring an additional 214,622 shares during the last quarter. Cohen & Steers Inc. acquired a new stake in Welltower during the third quarter worth $125,329,000. Arrowstreet Capital Limited Partnership acquired a new stake in Welltower during the second quarter worth $1,332,000. Finally, GSA Capital Partners LLP acquired a new stake in Welltower during the third quarter worth $426,000. Hedge funds and other institutional investors own 86.22% of the company’s stock.
Several research firms have issued reports on HCN. ValuEngine cut Welltower from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. BMO Capital Markets set a $57.00 target price on Welltower and gave the stock a “sell” rating in a research note on Monday, January 15th. Stifel Nicolaus cut their target price on Welltower from $75.00 to $74.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. TheStreet cut Welltower from a “b-” rating to a “c+” rating in a research note on Thursday, February 8th. Finally, Mizuho reissued a “hold” rating and set a $67.00 target price on shares of Welltower in a research note on Monday, December 11th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $71.62.
Welltower Inc (NYSE HCN) opened at $54.15 on Thursday. The stock has a market capitalization of $20,399.25, a price-to-earnings ratio of 12.84, a P/E/G ratio of 3.86 and a beta of 0.15. Welltower Inc has a fifty-two week low of $53.00 and a fifty-two week high of $78.17. 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Investors of record on Tuesday, February 13th will be issued 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 yield of 6.43%. 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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