Wedbush Securities Inc. Buys 1,825 Shares of Welltower Inc. (HCN)
Wedbush Securities Inc. lifted its stake in Welltower Inc. (NYSE:HCN) by 18.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,754 shares of the real estate investment trust’s stock after buying an additional 1,825 shares during the quarter. Wedbush Securities Inc.’s holdings in Welltower were worth $826,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HCN. Bessemer Group Inc. boosted its holdings in shares of Welltower by 97.6% in the 2nd quarter. Bessemer Group Inc. now owns 1,413 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 698 shares during the period. Hudock Capital Group LLC boosted its holdings in shares of Welltower by 543.7% in the 3rd quarter. Hudock Capital Group LLC now owns 2,002 shares of the real estate investment trust’s stock worth $140,000 after purchasing an additional 1,691 shares during the period. Appleton Partners Inc. MA purchased a new position in Welltower during the 2nd quarter valued at $204,000. Miles Capital Inc. purchased a new position in Welltower during the 2nd quarter valued at $205,000. Finally, Martingale Asset Management L P purchased a new position in Welltower during the 2nd quarter valued at $210,000. Institutional investors and hedge funds own 86.60% of the company’s stock.
A number of brokerages have weighed in on HCN. Stifel Nicolaus reaffirmed a “buy” rating and set a $75.00 target price on shares of Welltower in a research report on Friday. Capital One Financial Corporation began coverage on Welltower in a research report on Monday, September 25th. They set an “equal weight” rating and a $74.00 target price for the company. Royal Bank Of Canada reissued a “hold” rating and issued a $74.00 price target on shares of Welltower in a research report on Wednesday, September 6th. KeyCorp reissued a “hold” rating on shares of Welltower in a research report on Tuesday, October 17th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $72.00 price target on shares of Welltower in a research report on Tuesday, October 3rd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $72.79.
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Welltower Inc. (NYSE:HCN) traded up $1.13 during midday trading on Friday, reaching $68.15. The company had a trading volume of 1,376,972 shares, compared to its average volume of 1,750,000. The firm has a market cap of $25.14 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 4.35 and a beta of 0.25. Welltower Inc. has a 12 month low of $59.39 and a 12 month high of $78.17. 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 company also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Tuesday, November 7th will be issued a dividend of $0.87 per share. The ex-dividend date is Monday, November 6th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.11%. Welltower’s payout ratio is currently 243.36%.
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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