Sigma Planning Corp decreased its position in shares of Welltower Inc. (NYSE:HCN) by 10.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 11,757 shares of the real estate investment trust’s stock after selling 1,374 shares during the period. Sigma Planning Corp’s holdings in Welltower were worth $880,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in HCN. Welch & Forbes LLC boosted its position 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 worth $217,000 after buying an additional 15 shares during the period. Smith Moore & CO. raised its stake in Welltower by 0.5% in the first quarter. Smith Moore & CO. now owns 4,005 shares of the real estate investment trust’s stock worth $284,000 after buying an additional 19 shares in the last quarter. Farmers & Merchants Investments Inc. raised its stake in 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 worth $376,000 after buying an additional 30 shares in the last quarter. First Heartland Consultants Inc. raised its stake in 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 worth $426,000 after buying an additional 33 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in Welltower by 0.9% in the first quarter. Mackenzie Financial Corp now owns 4,469 shares of the real estate investment trust’s stock worth $316,000 after buying an additional 38 shares in the last quarter. 85.62% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Welltower Inc. (HCN) opened at 70.40 on Friday. The firm’s 50-day moving average is $73.55 and its 200 day moving average is $71.18. The company has a market cap of $25.97 billion, a price-to-earnings ratio of 21.92 and a beta of 0.23. Welltower Inc. has a 1-year low of $59.39 and a 1-year high of $78.71.

Welltower (NYSE:HCN) last released its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, topping the 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 during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the company posted $0.54 earnings per share. Equities analysts expect that Welltower Inc. will post $2.31 EPS for the current fiscal year.

The business also recently disclosed 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 of this dividend is Friday, August 4th. This represents a $3.48 annualized dividend and a yield of 4.94%. Welltower’s dividend payout ratio is currently 108.41%.

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A number of research firms have recently issued reports on HCN. Canaccord Genuity reiterated a “buy” rating and set a $86.00 price objective on shares of Welltower in a research note on Monday, May 15th. Royal Bank Of Canada reiterated a “hold” rating and set a $72.00 price objective on shares of Welltower in a research note on Monday, June 5th. BMO Capital Markets reiterated a “sell” rating and set a $68.00 price objective on shares of Welltower in a research note on Friday, July 28th. BidaskClub lowered shares of Welltower from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $65.00 price objective on shares of Welltower in a research note on Friday, May 12th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $72.77.

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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