Independent Order of Foresters reduced its stake in Welltower Inc. (NYSE:HCN) by 13.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,583 shares of the real estate investment trust’s stock after selling 8,000 shares during the period. Welltower accounts for about 3.3% of Independent Order of Foresters’ portfolio, making the stock its 7th largest position. Independent Order of Foresters’ holdings in Welltower were worth $4,011,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Green Street Investors LLC purchased a new stake in shares of Welltower during the first quarter valued at approximately $14,136,000. Sabal Trust CO increased its stake in shares of Welltower by 2.1% in the first quarter. Sabal Trust CO now owns 324,528 shares of the real estate investment trust’s stock valued at $22,983,000 after buying an additional 6,592 shares during the last quarter. Financial Counselors Inc. increased its stake in shares of Welltower by 6.2% in the first quarter. Financial Counselors Inc. now owns 7,959 shares of the real estate investment trust’s stock valued at $564,000 after buying an additional 468 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Welltower by 1.2% in the first quarter. Great West Life Assurance Co. Can now owns 504,586 shares of the real estate investment trust’s stock valued at $35,704,000 after buying an additional 6,063 shares during the last quarter. Finally, Duncker Streett & Co. Inc. increased its stake in shares of 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 during the last quarter. Institutional investors and hedge funds own 85.62% of the company’s stock.

Welltower Inc. (NYSE HCN) opened at 71.92 on Tuesday. The firm has a 50 day moving average of $74.50 and a 200-day moving average of $71.00. The stock has a market capitalization of $26.53 billion, a PE ratio of 22.40 and a beta of 0.23. Welltower Inc. has a 52 week low of $59.39 and a 52 week high of $79.42.

Welltower (NYSE:HCN) last issued its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.01. The business had revenue of $1.06 billion during 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 period in the prior year, the business earned $0.54 earnings per share. On average, equities analysts predict that Welltower Inc. will post $2.31 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Tuesday, August 8th will be given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date of this dividend is Friday, August 4th. Welltower’s dividend payout ratio (DPR) is 108.41%.

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Several brokerages have recently commented on HCN. BMO Capital Markets restated a “sell” rating and set a $68.00 price objective on shares of Welltower in a research report on Friday, July 28th. Jefferies Group LLC restated a “hold” rating and set a $65.00 price objective on shares of Welltower in a research report on Friday, May 12th. BidaskClub downgraded shares of Welltower from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Royal Bank Of Canada restated a “hold” rating and set a $72.00 price objective on shares of Welltower in a research report on Wednesday, May 3rd. Finally, Canaccord Genuity restated a “buy” rating and set a $86.00 price objective on shares of Welltower in a research report on Monday, May 15th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. The company has an average 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.

Institutional Ownership by Quarter for Welltower (NYSE:HCN)

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