Public Employees Retirement System of Ohio boosted its position in shares of Welltower Inc (NYSE:HCN) by 1.6% during the fourth quarter, HoldingsChannel reports. The firm owned 584,680 shares of the real estate investment trust’s stock after buying an additional 9,241 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Welltower were worth $37,285,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Spectrum Management Group Inc. purchased a new stake in Welltower during the third quarter worth $100,000. Wealthcare Advisory Partners LLC purchased a new stake in Welltower during the third quarter worth $101,000. SeaCrest Wealth Management LLC purchased a new stake in Welltower during the fourth quarter worth $105,000. San Francisco Sentry Investment Group CA boosted its position in Welltower by 1,048.5% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,539 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 1,405 shares in the last quarter. Finally, FTB Advisors Inc. boosted its position in Welltower by 547.2% during the fourth quarter. FTB Advisors Inc. now owns 1,825 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 1,543 shares in the last quarter. Institutional investors own 86.22% of the company’s stock.

In related news, Director Gary Whitelaw purchased 1,420 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was bought at an average cost of $68.39 per share, with a total value of $97,113.80. Following the completion of the acquisition, the director now directly owns 1,420 shares in the company, valued at approximately $97,113.80. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.19% of the company’s stock.

A number of analysts have commented on HCN shares. Capital One Financial upgraded Welltower from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, November 8th. Stephens set a $70.00 target price on Welltower and gave the stock a “buy” rating in a research report on Friday, January 12th. ValuEngine upgraded Welltower from a “hold” rating to a “buy” rating in a research report on Saturday, January 13th. BMO Capital Markets set a $57.00 target price on Welltower and gave the stock a “sell” rating in a research report on Monday, January 15th. Finally, Mizuho reiterated a “hold” rating and set a $67.00 target price on shares of Welltower in a research report on Monday, December 11th. 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 company. The company currently has a consensus rating of “Hold” and a consensus target price of $71.62.

Welltower Inc (NYSE:HCN) opened at $55.08 on Wednesday. Welltower Inc has a 1-year low of $53.00 and a 1-year high of $78.17. The firm has a market capitalization of $20,099.26, a price-to-earnings ratio of 12.65, a PEG ratio of 3.79 and a beta of 0.17. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.76.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Tuesday, February 13th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Monday, February 12th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 6.32%. Welltower’s dividend payout ratio (DPR) is 140.32%.

TRADEMARK VIOLATION NOTICE: This piece was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2018/02/14/welltower-inc-hcn-shares-bought-by-public-employees-retirement-system-of-ohio.html.

About Welltower

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.

Want to see what other hedge funds are holding HCN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Welltower Inc (NYSE:HCN).

Institutional Ownership by Quarter for Welltower (NYSE:HCN)

Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.