Pettyjohn Wood & White Inc. lifted its holdings in shares of Welltower Inc (NYSE:HCN) by 13.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,970 shares of the real estate investment trust’s stock after buying an additional 925 shares during the quarter. Pettyjohn Wood & White Inc.’s holdings in Welltower were worth $508,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in shares of Welltower by 14.9% during the 4th quarter. Bank of New York Mellon Corp now owns 8,724,771 shares of the real estate investment trust’s stock worth $556,378,000 after buying an additional 1,132,042 shares during the period. PGGM Investments raised its stake in shares of Welltower by 10.7% during the 4th quarter. PGGM Investments now owns 5,280,000 shares of the real estate investment trust’s stock worth $336,706,000 after buying an additional 511,088 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Welltower by 2.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,171,211 shares of the real estate investment trust’s stock worth $363,435,000 after buying an additional 121,252 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Welltower by 6.4% during the 4th 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 buying an additional 214,622 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Welltower by 5.1% during the 3rd quarter. Legal & General Group Plc now owns 2,759,908 shares of the real estate investment trust’s stock worth $193,968,000 after buying an additional 132,748 shares during the period. 85.94% of the stock is owned by institutional investors and hedge funds.
Shares of Welltower Inc (NYSE HCN) opened at $54.40 on Tuesday. The company has a quick ratio of 1.76, a current ratio of 1.85 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $20,151.11, a price-to-earnings ratio of 42.83, a price-to-earnings-growth ratio of 3.95 and a beta of 0.17. Welltower Inc has a twelve month low of $53.00 and a twelve month high of $78.17.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Tuesday, February 13th were issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 6.40%. The ex-dividend date of this dividend was Monday, February 12th. Welltower’s payout ratio is currently 274.02%.
Several brokerages have recently weighed in on HCN. SunTrust Banks set a $58.00 target price on Welltower and gave the stock a “hold” rating in a research note on Friday. Royal Bank of Canada reduced their price objective on Welltower to $62.00 and set a “sector perform” rating for the company in a research note on Monday. BMO Capital Markets set a $57.00 price objective on Welltower and gave the company a “sell” rating in a research note on Monday, January 15th. ValuEngine downgraded Welltower from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Stifel Nicolaus reduced their price objective on Welltower from $75.00 to $74.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. Welltower currently has an average rating of “Hold” and an average target price of $69.00.
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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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