Oregon Public Employees Retirement Fund lifted its position in Welltower Inc. (NYSE:HCN) by 3.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,389 shares of the real estate investment trust’s stock after purchasing an additional 1,410 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Welltower were worth $2,768,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Bessemer Group Inc. increased its holdings in shares of 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 purchasing an additional 698 shares during the last quarter. Hudock Capital Group LLC increased its holdings in shares of Welltower by 543.7% in the third quarter. Hudock Capital Group LLC now owns 2,002 shares of the real estate investment trust’s stock worth $140,000 after purchasing an additional 1,691 shares during the last quarter. Miles Capital Inc. bought a new stake in shares of Welltower in the second quarter worth about $205,000. Martingale Asset Management L P bought a new stake in Welltower during the second quarter worth approximately $210,000. Finally, Intrust Bank NA bought a new stake in Welltower during the second quarter worth approximately $211,000. 86.59% of the stock is currently owned by hedge funds and other institutional investors.

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Welltower Inc. (NYSE HCN) opened at $68.12 on Friday. Welltower Inc. has a 12-month low of $60.62 and a 12-month high of $78.17. The stock has a market capitalization of $25,228.72, a P/E ratio of 15.88, a price-to-earnings-growth ratio of 4.38 and a beta of 0.24. The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.24 and a current ratio of 1.76.

Welltower (NYSE:HCN) last announced its earnings results on Tuesday, November 7th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.03. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.06 billion. Welltower had a return on equity of 7.45% and a net margin of 22.67%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.16 earnings per share. equities research analysts forecast that Welltower Inc. will post 4.23 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Tuesday, November 7th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Monday, November 6th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.11%. Welltower’s payout ratio is 140.32%.

Several equities research analysts have weighed in on the company. Royal Bank Of Canada reissued a “hold” rating and set a $74.00 price objective on shares of Welltower in a research note on Wednesday, September 6th. BMO Capital Markets reissued a “sell” rating and set a $68.00 price objective on shares of Welltower in a research note on Friday, July 28th. BidaskClub cut Welltower from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Bank of America Corporation cut Welltower to a “neutral” rating and reduced their price objective for the stock from $78.00 to $77.00 in a research note on Friday, September 22nd. Finally, Capital One Financial Corporation assumed coverage on Welltower in a research note on Monday, September 25th. They set an “equal weight” rating and a $74.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $72.71.

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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