Dai Ichi Life Insurance Company Ltd lowered its stake in shares of Welltower Inc. (NYSE:HCN) by 77.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,755 shares of the real estate investment trust’s stock after selling 71,164 shares during the period. Dai Ichi Life Insurance Company Ltd’s holdings in Welltower were worth $1,459,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of HCN. Arrowstreet Capital Limited Partnership purchased a new position in shares of Welltower in the 2nd quarter valued at $1,332,000. Oppenheimer Asset Management Inc. increased its stake in Welltower by 1.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 219,738 shares of the real estate investment trust’s stock worth $16,448,000 after buying an additional 3,215 shares during the period. Swiss National Bank increased its stake in Welltower by 2.7% during the 2nd quarter. Swiss National Bank now owns 1,552,966 shares of the real estate investment trust’s stock worth $116,240,000 after buying an additional 40,200 shares during the period. Intl Fcstone Inc. purchased a new stake in Welltower during the 2nd quarter worth $655,000. Finally, Dearborn Partners LLC increased its stake in Welltower by 5.3% during the 2nd quarter. Dearborn Partners LLC now owns 158,144 shares of the real estate investment trust’s stock worth $11,837,000 after buying an additional 7,909 shares during the period. 86.68% of the stock is currently owned by institutional investors.

Welltower Inc. (HCN) traded up $0.16 during mid-day trading on Thursday, hitting $67.28. 1,593,000 shares of the company’s stock were exchanged, compared to its average volume of 1,754,222. Welltower Inc. has a one year low of $61.08 and a one year high of $78.17. The company has a market cap of $24,858.35, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 4.52 and a beta of 0.24. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.76.

Welltower (NYSE:HCN) last released its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.03. Welltower had a net margin of 22.67% and a return on equity of 7.45%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm earned $1.16 EPS. Welltower’s revenue was up 1.1% on a year-over-year basis. sell-side analysts anticipate that Welltower Inc. will post 4.24 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Tuesday, November 7th were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Monday, November 6th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.17%. Welltower’s dividend payout ratio (DPR) is 140.32%.

In other Welltower news, Director Gary Whitelaw bought 1,420 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were acquired at an average cost of $68.39 per share, for a total transaction of $97,113.80. Following the acquisition, the director now directly owns 1,420 shares of the company’s stock, valued at $97,113.80. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.19% of the stock is currently owned by insiders.

Several equities research analysts recently issued reports on the stock. Capital One Financial raised shares of Welltower from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, November 8th. Stifel Nicolaus decreased their price objective on shares of Welltower from $75.00 to $74.00 and set a “buy” rating for the company in a report on Friday, November 3rd. KeyCorp reissued a “hold” rating on shares of Welltower in a report on Tuesday, October 17th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $74.00 price target on shares of Welltower in a report on Tuesday, October 10th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $72.00 price target on shares of Welltower in a report on Tuesday, October 3rd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. Welltower presently has a consensus rating of “Hold” and an average price target of $72.71.

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Welltower 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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