Gareth Morgan Investments Limited Partnership lowered its position in Welltower Inc. (NYSE:HCN) by 15.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 164,871 shares of the real estate investment trust’s stock after selling 30,584 shares during the period. Welltower accounts for 1.1% of Gareth Morgan Investments Limited Partnership’s portfolio, making the stock its 12th largest holding. Gareth Morgan Investments Limited Partnership’s holdings in Welltower were worth $12,341,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Welltower by 2.6% in the first quarter. Vanguard Group Inc. now owns 52,225,248 shares of the real estate investment trust’s stock valued at $3,698,592,000 after acquiring an additional 1,304,013 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Welltower by 1.0% in the second quarter. Principal Financial Group Inc. now owns 6,554,573 shares of the real estate investment trust’s stock valued at $490,611,000 after acquiring an additional 62,933 shares during the last quarter. Epoch Investment Partners Inc. raised its stake in shares of Welltower by 15.7% in the first quarter. Epoch Investment Partners Inc. now owns 5,633,662 shares of the real estate investment trust’s stock valued at $398,975,000 after acquiring an additional 766,140 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Welltower by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,915,979 shares of the real estate investment trust’s stock valued at $348,149,000 after acquiring an additional 80,273 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Welltower by 8.1% in the first quarter. Geode Capital Management LLC now owns 4,162,790 shares of the real estate investment trust’s stock valued at $294,452,000 after acquiring an additional 313,209 shares during the last quarter. Institutional investors own 86.00% of the company’s stock.

Welltower Inc. (NYSE HCN) traded up 0.39% during mid-day trading on Wednesday, reaching $74.35. 246,884 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $72.33 and a 200-day moving average of $71.99. Welltower Inc. has a 12 month low of $59.39 and a 12 month high of $78.19. The firm has a market cap of $27.43 billion, a price-to-earnings ratio of 23.15 and a beta of 0.24.

Welltower (NYSE:HCN) last issued its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.01. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. Welltower had a net margin of 28.94% and a return on equity of 8.74%. During the same quarter in the prior year, the firm earned $0.54 EPS. Analysts anticipate that Welltower Inc. will post $2.30 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Tuesday, August 8th were paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 4.70%. The ex-dividend date of this dividend was Friday, August 4th. Welltower’s payout ratio is currently 108.41%.

TRADEMARK VIOLATION WARNING: “Welltower Inc. (HCN) Shares Sold by Gareth Morgan Investments Limited Partnership” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/09/06/welltower-inc-hcn-shares-sold-by-gareth-morgan-investments-limited-partnership.html.

A number of research analysts have recently issued reports on HCN shares. Jefferies Group LLC reiterated a “hold” rating and issued a $65.00 target price on shares of Welltower in a research note on Friday, May 12th. Canaccord Genuity reiterated a “buy” rating and issued a $86.00 target price on shares of Welltower in a research note on Monday, May 15th. Royal Bank Of Canada reiterated a “hold” rating and issued a $72.00 target price on shares of Welltower in a research note on Monday, June 5th. BidaskClub upgraded shares of Welltower from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Finally, Mizuho reiterated a “neutral” rating on shares of Welltower in a research note on Wednesday, June 28th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Welltower has a consensus rating of “Hold” and a consensus target price of $72.58.

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)

Receive News & Stock Ratings for Welltower Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower Inc. and related stocks with our FREE daily email newsletter.