Canada Pension Plan Investment Board raised its holdings in Welltower Inc. (NYSE:HCN) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 512,006 shares of the real estate investment trust’s stock after purchasing an additional 2,800 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.14% of Welltower worth $35,984,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Kelman Lazarov Inc. raised its position in Welltower by 0.4% in the 2nd quarter. Kelman Lazarov Inc. now owns 13,325 shares of the real estate investment trust’s stock valued at $997,000 after purchasing an additional 50 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of Welltower by 1.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 219,738 shares of the real estate investment trust’s stock valued at $16,448,000 after buying an additional 3,215 shares during the period. Swiss National Bank increased its stake in shares of Welltower by 2.7% in the 2nd quarter. Swiss National Bank now owns 1,552,966 shares of the real estate investment trust’s stock valued at $116,240,000 after buying an additional 40,200 shares during the period. Bollard Group LLC increased its stake in shares of Welltower by 1.2% in the 2nd quarter. Bollard Group LLC now owns 43,236 shares of the real estate investment trust’s stock valued at $3,236,000 after buying an additional 499 shares during the period. Finally, Dearborn Partners LLC increased its stake in shares of Welltower by 5.3% in the 2nd quarter. Dearborn Partners LLC now owns 158,144 shares of the real estate investment trust’s stock valued at $11,837,000 after buying an additional 7,909 shares during the period. Hedge funds and other institutional investors own 86.60% of the company’s stock.
Shares of Welltower Inc. (NYSE HCN) opened at $68.15 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.24 and a current ratio of 2.24. Welltower Inc. has a 52 week low of $59.39 and a 52 week high of $78.17. The company has a market capitalization of $25,139.10, a price-to-earnings ratio of 15.59, a P/E/G ratio of 4.38 and a beta of 0.24.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Tuesday, November 7th will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.11%. Welltower’s dividend payout ratio (DPR) is presently 108.41%.
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Several equities research analysts have recently commented on the company. Stifel Nicolaus reissued a “buy” rating and issued a $75.00 target price on shares of Welltower in a research note on Friday. BMO Capital Markets reissued a “sell” rating and issued a $68.00 target price on shares of Welltower in a research note on Friday, July 28th. Royal Bank Of Canada reissued a “hold” rating and issued a $74.00 target price on shares of Welltower in a research note on Tuesday, October 10th. UBS AG lowered their target price on Welltower from $71.00 to $69.00 and set a “neutral” rating for the company in a research note on Monday, October 2nd. Finally, Bank of America Corporation cut Welltower to a “neutral” rating and lowered their target price for the company from $78.00 to $77.00 in a research note on Friday, September 22nd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $72.79.
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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