Cypress Wealth Services LLC purchased a new position in Welltower Inc (NYSE:HCN) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,894 shares of the real estate investment trust’s stock, valued at approximately $312,000.
Other hedge funds have also made changes to their positions in the company. Spectrum Management Group Inc. purchased a new stake in Welltower in the third quarter worth $100,000. Wealthcare Advisory Partners LLC purchased a new position in Welltower during the third quarter valued at $101,000. SeaCrest Wealth Management LLC purchased a new position in Welltower during the fourth quarter valued at $105,000. San Francisco Sentry Investment Group CA lifted 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. Finally, FTB Advisors Inc. lifted 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. 86.55% of the stock is owned by institutional investors.
In related news, Director Gary Whitelaw purchased 1,420 shares of Welltower stock in a transaction dated Tuesday, November 21st. The stock was purchased at an average cost of $68.39 per share, for a total transaction of $97,113.80. Following the completion of the acquisition, the director now directly owns 1,420 shares of the company’s stock, valued at $97,113.80. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.19% of the stock is owned by company insiders.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Tuesday, February 13th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, February 12th. This represents a $3.48 annualized dividend and a dividend yield of 6.15%. Welltower’s payout ratio is presently 140.32%.
HCN has been the subject of several recent research reports. KeyCorp reissued a “hold” rating on shares of Welltower in a research report on Tuesday, October 17th. Stifel Nicolaus lowered their price objective on Welltower from $75.00 to $74.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Capital One Financial raised Welltower from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, November 8th. Mizuho reissued a “hold” rating and set a $67.00 price objective on shares of Welltower in a research report on Monday, December 11th. Finally, Zacks Investment Research lowered Welltower from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. Welltower presently has a consensus rating of “Hold” and an average price target of $71.62.
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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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