Mn Services Vermogensbeheer B.V. Acquires 1,500 Shares of Welltower Inc. (HCN)
Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Welltower Inc. (NYSE:HCN) by 2.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 60,359 shares of the real estate investment trust’s stock after buying an additional 1,500 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Welltower were worth $4,242,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of HCN. Bessemer Group Inc. raised its position in Welltower by 97.6% during the 2nd quarter. Bessemer Group Inc. now owns 1,413 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 698 shares during the last quarter. Hudock Capital Group LLC raised its position in Welltower by 543.7% during the 3rd quarter. Hudock Capital Group LLC now owns 2,002 shares of the real estate investment trust’s stock worth $140,000 after buying an additional 1,691 shares during the last quarter. Harbour Capital Advisors LLC grew its stake in shares of Welltower by 7,385.0% during the 2nd quarter. Harbour Capital Advisors LLC now owns 11,452 shares of the real estate investment trust’s stock worth $153,000 after purchasing an additional 11,299 shares during the period. Appleton Partners Inc. MA acquired a new stake in shares of Welltower during the 2nd quarter worth approximately $204,000. Finally, Miles Capital Inc. acquired a new stake in shares of Welltower during the 2nd quarter worth approximately $205,000. 86.59% of the stock is owned by institutional investors.
A number of brokerages have recently commented on HCN. Royal Bank Of Canada reaffirmed a “hold” rating and set a $74.00 price objective on shares of Welltower in a research note on Wednesday, September 6th. BMO Capital Markets reaffirmed a “sell” rating and set a $68.00 price objective on shares of Welltower in a research note on Friday, July 28th. BidaskClub cut shares of Welltower from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Bank of America Corporation cut shares of Welltower to a “neutral” rating and dropped their price objective for the stock from $78.00 to $77.00 in a research note on Friday, September 22nd. Finally, Capital One Financial Corporation began coverage on shares of Welltower in a research note on Monday, September 25th. They set an “equal weight” rating and a $74.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $72.79.
Welltower Inc. (HCN) traded up $0.75 during trading on Tuesday, reaching $68.75. 36,420 shares of the company were exchanged, compared to its average volume of 1,528,679. Welltower Inc. has a 1 year low of $59.39 and a 1 year high of $78.17. The firm has a market cap of $25,139.08, a PE ratio of 15.60, a P/E/G ratio of 4.38 and a beta of 0.24. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.78.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Tuesday, November 7th will be paid a $0.87 dividend. The ex-dividend date of this dividend is Monday, November 6th. This represents a $3.48 dividend on an annualized basis and a yield of 5.06%. Welltower’s dividend payout ratio is currently 108.41%.
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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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