Welltower Inc (HCN) Stake Lifted by Alps Advisors Inc.
Alps Advisors Inc. lifted its stake in shares of Welltower Inc (NYSE:HCN) by 12.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,785 shares of the real estate investment trust’s stock after acquiring an additional 3,522 shares during the period. Alps Advisors Inc.’s holdings in Welltower were worth $1,963,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. First Heartland Consultants Inc. raised its holdings in Welltower by 33.5% in the third quarter. First Heartland Consultants Inc. now owns 7,595 shares of the real estate investment trust’s stock valued at $534,000 after buying an additional 1,905 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in Welltower by 6.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 3,544,275 shares of the real estate investment trust’s stock valued at $226,019,000 after buying an additional 214,622 shares during the period. Cohen & Steers Inc. purchased a new position in Welltower in the third quarter valued at approximately $125,329,000. Arrowstreet Capital Limited Partnership purchased a new position in Welltower in the second quarter valued at approximately $1,332,000. Finally, GSA Capital Partners LLP purchased a new position in Welltower in the third quarter valued at approximately $426,000. Institutional investors and hedge funds own 86.55% of the company’s stock.
In other news, Director Gary Whitelaw acquired 1,420 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were bought at an average price of $68.39 per share, for a total transaction of $97,113.80. Following the completion of the purchase, the director now directly owns 1,420 shares of the company’s stock, valued at approximately $97,113.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.19% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Tuesday, February 13th will be paid a dividend of $0.87 per share. The ex-dividend date is Monday, February 12th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 6.27%. Welltower’s dividend payout ratio is currently 305.26%.
Several research firms recently commented on HCN. ValuEngine lowered shares of Welltower from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of Welltower from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. SunTrust Banks set a $66.00 price target on shares of Welltower and gave the company a “hold” rating in a report on Monday, January 22nd. BMO Capital Markets set a $57.00 price target on shares of Welltower and gave the company a “sell” rating in a report on Monday, January 15th. Finally, Stephens set a $70.00 price objective on shares of Welltower and gave the company a “buy” rating in a research note on Friday, January 12th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. Welltower has an average rating of “Hold” and an average 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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