Grove Bank & Trust raised its stake in shares of Welltower Inc. (NYSE:HCN) by 6.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,274 shares of the real estate investment trust’s stock after buying an additional 428 shares during the period. Grove Bank & Trust’s holdings in Welltower were worth $544,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in HCN. Chevy Chase Trust Holdings Inc. raised its stake in shares of Welltower by 2.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 336,222 shares of the real estate investment trust’s stock valued at $23,812,000 after buying an additional 7,521 shares during the period. Manning & Napier Advisors LLC raised its stake in shares of Welltower by 19.8% in the first quarter. Manning & Napier Advisors LLC now owns 117,870 shares of the real estate investment trust’s stock valued at $8,346,000 after buying an additional 19,460 shares during the period. Raymond James Trust N.A. raised its stake in shares of Welltower by 3.8% in the first quarter. Raymond James Trust N.A. now owns 32,956 shares of the real estate investment trust’s stock valued at $2,334,000 after buying an additional 1,201 shares during the period. Forte Capital LLC ADV raised its stake in shares of Welltower by 9.3% in the first quarter. Forte Capital LLC ADV now owns 7,945 shares of the real estate investment trust’s stock valued at $563,000 after buying an additional 675 shares during the period. Finally, Gulf International Bank UK Ltd raised its stake in shares of Welltower by 1.0% in the first quarter. Gulf International Bank UK Ltd now owns 111,142 shares of the real estate investment trust’s stock valued at $7,871,000 after buying an additional 1,100 shares during the period. Institutional investors own 86.36% of the company’s stock.

Welltower Inc. (NYSE:HCN) opened at 71.83 on Friday. The company has a market capitalization of $26.50 billion, a price-to-earnings ratio of 22.37 and a beta of 0.23. The firm has a 50 day moving average of $74.50 and a 200-day moving average of $71.00. Welltower Inc. has a 52-week low of $59.39 and a 52-week high of $79.42.

Welltower (NYSE:HCN) last issued its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.01. The business 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 last year, the company earned $0.54 EPS. Equities analysts expect that Welltower Inc. will post $2.29 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Tuesday, August 8th will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend 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 108.41%.

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Several analysts recently issued reports on HCN shares. Evercore ISI lowered shares of Welltower from an “in-line” rating to an “underperform” rating in a research report on Monday, April 24th. Zacks Investment Research lowered shares of Welltower from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. Royal Bank Of Canada restated a “hold” rating and set a $72.00 target price on shares of Welltower in a research report on Wednesday, May 3rd. Canaccord Genuity restated a “buy” rating and set a $86.00 target price on shares of Welltower in a research report on Friday, May 5th. Finally, Jefferies Group LLC restated a “hold” rating and set a $65.00 target price on shares of Welltower in a research report on Friday, May 12th. Four 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. Welltower has a consensus rating of “Hold” and an average price target of $73.29.

Welltower Company Profile

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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