Forte Capital LLC ADV raised its stake in Welltower Inc (NYSE:HCN) by 23.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,960 shares of the real estate investment trust’s stock after acquiring an additional 1,905 shares during the period. Forte Capital LLC ADV’s holdings in Welltower were worth $635,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the business. Clear Perspective Advisors LLC grew its position in Welltower by 0.5% in the second quarter. Clear Perspective Advisors LLC now owns 5,430 shares of the real estate investment trust’s stock valued at $406,000 after acquiring an additional 26 shares during the period. Laurel Wealth Advisors Inc. grew its position in Welltower by 0.4% in the second quarter. Laurel Wealth Advisors Inc. now owns 19,325 shares of the real estate investment trust’s stock valued at $1,446,000 after acquiring an additional 76 shares during the period. Phocas Financial Corp. grew its holdings in shares of Welltower by 3.3% during the second quarter. Phocas Financial Corp. now owns 10,536 shares of the real estate investment trust’s stock worth $789,000 after purchasing an additional 335 shares during the last quarter. First Allied Advisory Services Inc. grew its holdings in shares of Welltower by 3.0% during the second quarter. First Allied Advisory Services Inc. now owns 14,847 shares of the real estate investment trust’s stock worth $1,109,000 after purchasing an additional 432 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of Welltower by 2.1% during the third quarter. Oppenheimer & Co. Inc. now owns 38,721 shares of the real estate investment trust’s stock worth $2,721,000 after purchasing an additional 801 shares during the last quarter. Hedge funds and other institutional investors own 86.40% of the company’s stock.
Shares of Welltower Inc (NYSE:HCN) remained flat at $$59.29 on Monday. 3,011,600 shares of the company’s stock traded hands, compared to its average volume of 2,615,815. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.76. Welltower Inc has a 1 year low of $58.24 and a 1 year high of $78.17. The firm has a market cap of $21,890.00, a price-to-earnings ratio of 52.01, a price-to-earnings-growth ratio of 3.93 and a beta of 0.25.
In other news, Director Gary Whitelaw purchased 1,420 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were acquired at an average price of $68.39 per share, with a total value 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.19% of the company’s stock.
Several brokerages have recently commented on HCN. BMO Capital Markets set a $57.00 target price on Welltower and gave the stock a “sell” rating in a report on Monday, January 15th. Jefferies Group restated a “hold” rating and set a $72.00 target price on shares of Welltower in a report on Tuesday, October 3rd. Mizuho restated a “hold” rating and set a $67.00 target price on shares of Welltower in a report on Monday, December 11th. Zacks Investment Research cut Welltower from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Finally, UBS Group decreased their target price on Welltower from $71.00 to $69.00 and set a “neutral” rating on the stock in a report on Monday, October 2nd. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $72.08.
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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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