Honeywell International Inc. maintained its stake in Welltower Inc. (NYSE:HCN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,585 shares of the real estate investment trust’s stock at the end of the second quarter. Honeywell International Inc.’s holdings in Welltower were worth $6,705,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. 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 worth $106,000 after buying an additional 698 shares during the period. 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 worth $107,000 after buying an additional 450 shares during the period. 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 worth $112,000 after buying an additional 511 shares during the period. 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 worth $128,000 after buying an additional 212 shares during the period. 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 worth $129,000 after buying an additional 545 shares during the period. Hedge funds and other institutional investors own 85.62% of the company’s stock.

Welltower Inc. (NYSE:HCN) opened at 71.92 on Tuesday. The firm has a market capitalization of $26.53 billion, a P/E ratio of 22.40 and a beta of 0.23. Welltower Inc. has a 1-year low of $59.39 and a 1-year high of $79.42. The company’s 50-day moving average price is $74.50 and its 200-day moving average price is $71.00.

Welltower (NYSE:HCN) last released its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.01. Welltower had a net margin of 28.94% and a return on equity of 8.74%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the business earned $0.54 earnings per share. Equities research analysts expect that Welltower Inc. will post $2.31 earnings per share for the current fiscal 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 issued a dividend of $0.87 per share. The ex-dividend date is Friday, August 4th. This represents a $3.48 annualized dividend and a dividend yield of 4.84%. Welltower’s payout ratio is 108.41%.

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A number of equities research analysts have commented on the company. BMO Capital Markets reiterated a “sell” rating and issued a $68.00 price target on shares of Welltower in a research report on Friday, July 28th. Jefferies Group LLC reiterated a “hold” rating and issued a $65.00 price target on shares of Welltower in a research report on Friday, May 12th. BidaskClub lowered Welltower from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Royal Bank Of Canada reiterated a “hold” rating and issued a $72.00 price target on shares of Welltower in a research report on Wednesday, May 3rd. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $86.00 price target 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 given a hold rating and seven have assigned a buy rating to the company. Welltower currently has a consensus rating of “Hold” and an average price target 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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