Investors purchased shares of Welltower Inc. (NYSE:HCN) on weakness during trading hours on Thursday. $35.82 million flowed into the stock on the tick-up and $26.32 million flowed out of the stock on the tick-down, for a money net flow of $9.50 million into the stock. Of all stocks tracked, Welltower had the 16th highest net in-flow for the day. Welltower traded down ($1.15) for the day and closed at $77.75

Several equities research analysts recently weighed in on the stock. Hilliard Lyons downgraded shares of Welltower from a “neutral” rating to an “underperform” rating in a research report on Tuesday, August 2nd. Citigroup Inc. raised their price target on shares of Welltower from $73.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday. RBC Capital Markets reissued a “sector perform” rating and set a $77.00 price target (up previously from $72.00) on shares of Welltower in a research report on Thursday, August 4th. Royal Bank Of Canada raised their price target on shares of Welltower from $72.00 to $77.00 and gave the company a “sector perform” rating in a research report on Thursday, August 4th. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $72.00 target price on shares of Welltower in a research report on Thursday, June 30th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company’s stock. Welltower currently has a consensus rating of “Hold” and a consensus price target of $71.00.

The stock has a market cap of $27.83 billion and a P/E ratio of 42.07. The firm’s 50-day moving average price is $76.82 and its 200-day moving average price is $69.83.

Welltower (NYSE:HCN) last issued its quarterly earnings results on Tuesday, August 2nd. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.01. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the company posted $1.09 EPS. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, equities analysts expect that Welltower Inc. will post $4.57 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 22nd. Shareholders of record on Tuesday, August 9th will be paid a dividend of $0.86 per share. The ex-dividend date is Friday, August 5th. This represents a $3.44 dividend on an annualized basis and a yield of 4.42%.

In other Welltower news, EVP Erin C. Ibele sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of $72.10, for a total transaction of $180,250.00. Following the transaction, the executive vice president now owns 65,211 shares in the company, valued at approximately $4,701,713.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Scott M. Brinker sold 18,424 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $76.63, for a total transaction of $1,411,831.12. Following the transaction, the executive vice president now owns 111,756 shares in the company, valued at approximately $8,563,862.28. The disclosure for this sale can be found here.

Other hedge funds and institutional investors recently modified their holdings of the company. Bridgewater Associates LP raised its position in shares of Welltower by 276.1% in the fourth quarter. Bridgewater Associates LP now owns 34,871 shares of the real estate investment trust’s stock worth $2,372,000 after buying an additional 25,600 shares during the last quarter. Bank of Montreal Can raised its position in shares of Welltower by 31.7% in the fourth quarter. Bank of Montreal Can now owns 270,471 shares of the real estate investment trust’s stock worth $18,399,000 after buying an additional 65,038 shares during the last quarter. Stephens Inc. AR raised its position in shares of 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. State of New Jersey Common Pension Fund D raised its position in shares of Welltower by 26.1% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 265,500 shares of the real estate investment trust’s stock worth $18,062,000 after buying an additional 55,000 shares during the last quarter. Finally, Morningstar Investment Services LLC raised its position in shares of 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.

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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