Cadence Capital Management LLC Lowers Holdings in Welltower Inc (HCN)
Cadence Capital Management LLC lowered its position in shares of Welltower Inc (NYSE:HCN) by 16.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 24,139 shares of the real estate investment trust’s stock after selling 4,678 shares during the quarter. Cadence Capital Management LLC’s holdings in Welltower were worth $1,539,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Spectrum Management Group Inc. acquired a new stake in Welltower during the 3rd quarter worth about $100,000. Wealthcare Advisory Partners LLC acquired a new stake in Welltower during the 3rd quarter worth about $101,000. SeaCrest Wealth Management LLC acquired a new stake in Welltower during the 4th quarter worth about $105,000. San Francisco Sentry Investment Group CA lifted its position in Welltower by 1,048.5% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,539 shares of the real estate investment trust’s stock worth $108,000 after acquiring an additional 1,405 shares during the period. Finally, FTB Advisors Inc. lifted its position in Welltower by 547.2% during the 4th quarter. FTB Advisors Inc. now owns 1,825 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 1,543 shares during the period. 86.55% of the stock is owned by institutional investors.
Welltower Inc (NYSE HCN) opened at $55.48 on Friday. The stock has a market capitalization of $20,850.00, a PE ratio of 48.67, a PEG ratio of 3.79 and a beta of 0.17. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.79. Welltower Inc has a fifty-two week low of $53.66 and a fifty-two week high of $78.17.
In related news, Director Gary Whitelaw acquired 1,420 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was acquired at an average price of $68.39 per share, with a total value of $97,113.80. Following the acquisition, the director now directly owns 1,420 shares in the company, valued at approximately $97,113.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.19% of the company’s stock.
A number of analysts have commented on the company. Zacks Investment Research raised Welltower from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. BMO Capital Markets set a $57.00 price target on Welltower and gave the stock a “sell” rating in a research report on Monday, January 15th. Mizuho reaffirmed a “hold” rating and set a $67.00 price target on shares of Welltower in a research report on Monday, December 11th. ValuEngine raised Welltower from a “hold” rating to a “buy” rating in a report on Saturday, January 13th. Finally, Stephens set a $70.00 price objective on Welltower and gave the company a “buy” rating in a report on Friday, January 12th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. Welltower presently has an average rating of “Hold” and a consensus target price of $71.62.
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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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