Park Avenue Securities LLC boosted its stake in Welltower Inc (NYSE:HCN) by 37.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 9,760 shares of the real estate investment trust’s stock after acquiring an additional 2,678 shares during the period. Park Avenue Securities LLC’s holdings in Welltower were worth $625,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently bought and sold shares of HCN. Shelton Capital Management bought a new stake in Welltower in the 2nd quarter worth approximately $224,000. Janus Henderson Group PLC grew its position in Welltower by 81.7% in the 2nd quarter. Janus Henderson Group PLC now owns 113,609 shares of the real estate investment trust’s stock worth $8,502,000 after purchasing an additional 51,081 shares during the period. BlueCrest Capital Management Ltd bought a new stake in Welltower in the 2nd quarter worth approximately $412,000. Arrowstreet Capital Limited Partnership bought a new stake in Welltower in the 2nd quarter worth approximately $1,332,000. Finally, The Manufacturers Life Insurance Company grew its position in Welltower by 4.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 386,500 shares of the real estate investment trust’s stock worth $28,931,000 after purchasing an additional 15,392 shares during the period. 86.55% of the stock is owned by institutional investors and hedge funds.
In other Welltower news, Director Gary Whitelaw acquired 1,420 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was purchased at an average price of $68.39 per share, with a total value of $97,113.80. Following the transaction, the director now directly owns 1,420 shares in the company, valued at approximately $97,113.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.19% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Tuesday, February 13th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 6.27%. The ex-dividend date is Monday, February 12th. Welltower’s payout ratio is 140.32%.
A number of equities research analysts have commented on HCN shares. ValuEngine raised shares of Welltower from a “hold” rating to a “buy” rating in a research report on Saturday, January 13th. Stephens set a $70.00 target price on shares of Welltower and gave the stock a “buy” rating in a research report on Friday, January 12th. Stifel Nicolaus cut their target price 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 downgraded shares of Welltower from a “b-” rating to a “c+” rating in a research report on Thursday. Finally, Zacks Investment Research raised shares of Welltower from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $71.62.
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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