Welltower Inc. (NYSE:HCN)’s share price dropped 1.8% during trading on Friday . The company traded as low as $76.27 and last traded at $76.30, with a volume of 666,039 shares trading hands. The stock had previously closed at $77.71.

HCN has been the topic of a number of recent analyst reports. Citigroup Inc. boosted their price target on shares of Welltower from $67.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, May 13th. Morgan Stanley restated a “buy” rating on shares of Welltower in a research report on Tuesday, April 19th. Stifel Nicolaus boosted their price target on shares of Welltower from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, May 4th. Wells Fargo & Co. restated a “buy” rating on shares of Welltower in a research report on Tuesday, May 3rd. Finally, Zacks Investment Research upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research report on Tuesday, April 26th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. Welltower presently has an average rating of “Hold” and an average target price of $70.56.

The stock has a market capitalization of $27.24 billion and a PE ratio of 41.33. The company’s 50 day moving average is $76.28 and its 200 day moving average is $69.49.

Welltower (NYSE:HCN) last released its earnings results on Tuesday, August 2nd. The real estate investment trust reported $1.15 EPS for the quarter, beating the consensus estimate of $1.14 by $0.01. The firm earned $1.08 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the business earned $1.09 earnings per share. Welltower’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, analysts forecast that Welltower Inc. will post $4.57 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 22nd. Shareholders of record on Tuesday, August 9th will be issued a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend is Friday, August 5th.

In other news, CFO Scott A. Estes sold 14,790 shares of the firm’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $70.48, for a total value of $1,042,399.20. Following the sale, the chief financial officer now directly owns 144,724 shares in the company, valued at approximately $10,200,147.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Scott A. Estes sold 3,192 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $78.97, for a total transaction of $252,072.24. Following the completion of the sale, the chief financial officer now owns 133,126 shares in the company, valued at $10,512,960.22. The disclosure for this sale can be found here.

Other large investors recently bought and sold shares of the company. Utah Retirement Systems increased its stake in Welltower by 1.6% in the fourth quarter. Utah Retirement Systems now owns 74,716 shares of the real estate investment trust’s stock worth $5,082,000 after buying an additional 1,200 shares during the last quarter. Morningstar Investment Services LLC increased its stake in Welltower by 11.1% in the fourth quarter. Morningstar Investment Services LLC now owns 427,760 shares of the real estate investment trust’s stock worth $29,100,000 after buying an additional 42,844 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Welltower by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,487,835 shares of the real estate investment trust’s stock worth $305,309,000 after buying an additional 95,844 shares during the last quarter. Stephens Inc. AR increased its stake in Welltower by 7.5% in the fourth quarter. Stephens Inc. AR now owns 104,087 shares of the real estate investment trust’s stock worth $7,081,000 after buying an additional 7,256 shares during the last quarter. Finally, I.G. Investment Management LTD. increased its stake in Welltower by 63.8% in the fourth quarter. I.G. Investment Management LTD. now owns 42,476 shares of the real estate investment trust’s stock worth $2,890,000 after buying an additional 16,538 shares during the last quarter.

Welltower Inc, formerly Health Care REIT, Inc, is a provider of healthcare infrastructure. The Company operates through three segments: triple-net, which includes independent living facilities, independent supportive living facilities (Canada), continuing care retirement communities, assisted living facilities, care homes with and without nursing (United Kingdom), Alzheimer’s/dementia care facilities, long-term/post-acute care facilities and hospitals; seniors housing operating, which includes a range of facility types, including independent living facilities and independent supportive living facilities, assisted living facilities, care homes and Alzheimer’s/dementia care facilities, and outpatient medical, which includes outpatient medical buildings.

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