Newman Dignan & Sheerar Inc. lowered its position in shares of Welltower Inc. (NYSE:HCN) by 2.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,300 shares of the real estate investment trust’s stock after selling 88 shares during the period. Newman Dignan & Sheerar Inc.’s holdings in Welltower were worth $247,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HCN. Green Street Investors LLC bought a new position in shares of Welltower during the first quarter worth approximately $14,136,000. Financial Counselors Inc. increased its position in shares of Welltower by 6.2% in the first quarter. Financial Counselors Inc. now owns 7,959 shares of the real estate investment trust’s stock worth $564,000 after buying an additional 468 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of Welltower by 1.2% in the first quarter. Great West Life Assurance Co. Can now owns 504,586 shares of the real estate investment trust’s stock worth $35,704,000 after buying an additional 6,063 shares during the last quarter. Legal & General Group Plc increased its position in shares of Welltower by 6.0% in the first quarter. Legal & General Group Plc now owns 2,582,755 shares of the real estate investment trust’s stock worth $182,908,000 after buying an additional 146,302 shares during the last quarter. Finally, Bollard Group LLC increased its position in shares of Welltower by 1.2% in the second quarter. Bollard Group LLC now owns 43,236 shares of the real estate investment trust’s stock worth $3,236,000 after buying an additional 499 shares during the last quarter. 86.00% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Welltower Inc. (HCN) opened at 72.79 on Thursday. The firm has a market capitalization of $26.85 billion, a PE ratio of 22.67 and a beta of 0.23. The firm has a 50-day moving average of $72.43 and a 200-day moving average of $71.56. Welltower Inc. has a 1-year low of $59.39 and a 1-year high of $78.19.

Welltower (NYSE:HCN) last announced its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, beating the consensus estimate of $1.05 by $0.01. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. Welltower had a return on equity of 8.74% and a net margin of 28.94%. During the same period in the prior year, the company earned $0.54 EPS. On average, equities research analysts anticipate that Welltower Inc. will post $2.30 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Tuesday, August 8th were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Friday, August 4th. This represents a $3.48 annualized dividend and a dividend yield of 4.80%. Welltower’s dividend payout ratio (DPR) is presently 108.41%.

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HCN has been the topic of a number of research analyst reports. BidaskClub downgraded shares of Welltower from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Canaccord Genuity reaffirmed a “buy” rating and set a $86.00 price objective on shares of Welltower in a research report on Friday, May 5th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $72.00 price objective on shares of Welltower in a research report on Wednesday, May 3rd. Mizuho reaffirmed a “neutral” rating on shares of Welltower in a research report on Wednesday, June 28th. Finally, BMO Capital Markets reaffirmed a “sell” rating and set a $68.00 price objective on shares of Welltower in a research report on Friday, July 28th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $72.58.

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.

Institutional Ownership by Quarter for Welltower (NYSE:HCN)

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