Braun Stacey Associates Inc. cut its stake in shares of Welltower Inc. (NYSE:HCN) by 8.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,791 shares of the real estate investment trust’s stock after selling 12,595 shares during the period. Braun Stacey Associates Inc.’s holdings in Welltower were worth $10,837,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in HCN. Bessemer Group Inc. raised its stake in Welltower by 97.6% in the second quarter. Bessemer Group Inc. now owns 1,413 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 698 shares in the last quarter. Trust Co. of Vermont raised its stake in Welltower by 42.7% in the first quarter. Trust Co. of Vermont now owns 1,505 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 450 shares in the last quarter. Duncker Streett & Co. Inc. raised its stake in Welltower by 47.6% in the first quarter. Duncker Streett & Co. Inc. now owns 1,584 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 511 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in Welltower by 13.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,813 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 212 shares in the last quarter. Finally, Ledyard National Bank raised its stake in Welltower by 42.7% in the first quarter. Ledyard National Bank now owns 1,820 shares of the real estate investment trust’s stock valued at $129,000 after buying an additional 545 shares in the last quarter. Institutional investors own 86.36% of the company’s stock.

Welltower Inc. (NYSE:HCN) opened at 71.83 on Friday. The firm’s 50-day moving average price is $74.50 and its 200 day moving average price is $71.00. Welltower Inc. has a 12-month low of $59.39 and a 12-month high of $79.42. The firm has a market cap of $26.50 billion, a P/E ratio of 22.37 and a beta of 0.23.

Welltower (NYSE:HCN) last posted its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.01. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Welltower had a net margin of 28.94% and a return on equity of 8.74%. During the same quarter in the previous year, the firm posted $0.54 earnings per share. Analysts forecast that Welltower Inc. will post $2.29 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Tuesday, August 8th will be paid a dividend of $0.87 per share. The ex-dividend date is Friday, August 4th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.84%. Welltower’s payout ratio is presently 108.41%.

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Several brokerages have recently commented on HCN. BMO Capital Markets reissued a “sell” rating and issued a $68.00 target price on shares of Welltower in a report on Friday, July 28th. BidaskClub downgraded Welltower from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Mizuho reissued a “neutral” rating on shares of Welltower in a report on Wednesday, June 28th. Zacks Investment Research downgraded Welltower from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $72.00 target price on shares of Welltower in a report on Wednesday, May 3rd. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $73.29.

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.

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Institutional Ownership by Quarter for Welltower (NYSE:HCN)

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