Bp Plc maintained its stake in shares of Welltower Inc. (NYSE:HCN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 45,000 shares of the real estate investment trust’s stock at the end of the second quarter. Bp Plc’s holdings in Welltower were worth $3,366,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of HCN. Welch & Forbes LLC raised its stake in shares of Welltower by 0.5% in the first quarter. Welch & Forbes LLC now owns 3,070 shares of the real estate investment trust’s stock valued at $217,000 after buying an additional 15 shares during the last quarter. Smith Moore & CO. raised its stake in shares of Welltower by 0.5% in the first quarter. Smith Moore & CO. now owns 4,005 shares of the real estate investment trust’s stock valued at $284,000 after buying an additional 19 shares during the last quarter. Farmers & Merchants Investments Inc. raised its stake in shares of Welltower by 0.6% in the second quarter. Farmers & Merchants Investments Inc. now owns 5,030 shares of the real estate investment trust’s stock valued at $376,000 after buying an additional 30 shares during the last quarter. First Heartland Consultants Inc. raised its stake in shares of Welltower by 0.6% in the second quarter. First Heartland Consultants Inc. now owns 5,690 shares of the real estate investment trust’s stock valued at $426,000 after buying an additional 33 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of Welltower by 0.9% in the first quarter. Mackenzie Financial Corp now owns 4,469 shares of the real estate investment trust’s stock valued at $316,000 after buying an additional 38 shares during the last quarter. 85.62% of the stock is owned by institutional investors.

Welltower Inc. (HCN) opened at 71.24 on Thursday. Welltower Inc. has a 12 month low of $59.39 and a 12 month high of $79.42. The stock has a 50 day moving average price of $73.94 and a 200 day moving average price of $71.17. The stock has a market capitalization of $26.28 billion, a P/E ratio of 22.19 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 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.01. Welltower had a return on equity of 8.74% and a net margin of 28.94%. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the firm earned $0.54 EPS. Equities analysts predict that Welltower Inc. will post $2.31 EPS 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 given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date of this dividend is Friday, August 4th. Welltower’s dividend payout ratio (DPR) is presently 108.41%.

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Several analysts recently commented on the company. Canaccord Genuity reaffirmed a “buy” rating and issued a $86.00 price objective on shares of Welltower in a report on Monday, May 15th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $72.00 price objective on shares of Welltower in a report on Monday, June 5th. BMO Capital Markets reaffirmed a “sell” rating and issued a $68.00 price objective on shares of Welltower in a report on Friday, July 28th. BidaskClub lowered Welltower from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $65.00 price objective on shares of Welltower in a report on Friday, May 12th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. Welltower presently 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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