Advisors Asset Management Inc. trimmed its position in Welltower Inc. (NYSE:HCN) by 42.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,376 shares of the real estate investment trust’s stock after selling 10,049 shares during the period. Advisors Asset Management Inc.’s holdings in Welltower were worth $940,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of HCN. Public Employees Retirement Association of Colorado increased its position in Welltower by 0.3% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 72,277 shares of the real estate investment trust’s stock valued at $5,410,000 after buying an additional 201 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Welltower by 60.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,903 shares of the real estate investment trust’s stock valued at $217,000 after buying an additional 1,090 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in Welltower by 66.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 19,470 shares of the real estate investment trust’s stock valued at $1,458,000 after buying an additional 7,770 shares in the last quarter. Harbour Capital Advisors LLC increased its position in Welltower by 7,385.0% in the 2nd quarter. Harbour Capital Advisors LLC now owns 11,452 shares of the real estate investment trust’s stock valued at $153,000 after buying an additional 11,299 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. increased its position in Welltower by 7.8% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 17,561 shares of the real estate investment trust’s stock valued at $1,314,000 after buying an additional 1,274 shares in the last quarter. 86.68% of the stock is owned by institutional investors and hedge funds.

In other Welltower news, Director Gary Whitelaw bought 1,420 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were purchased at an average price of $68.39 per share, for a total transaction of $97,113.80. Following the purchase, the director now directly owns 1,420 shares of the company’s stock, valued at $97,113.80. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.19% of the stock is owned by insiders.

A number of analysts recently commented on HCN shares. Stifel Nicolaus decreased their target price on Welltower from $75.00 to $74.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Capital One Financial raised Welltower from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, November 8th. KeyCorp reissued a “hold” rating on shares of Welltower in a report on Tuesday, October 17th. Royal Bank Of Canada reissued a “hold” rating and set a $74.00 price objective on shares of Welltower in a report on Tuesday, October 10th. Finally, UBS decreased their price objective on Welltower from $71.00 to $69.00 and set a “neutral” rating for the company in a report on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. Welltower has a consensus rating of “Hold” and a consensus target price of $72.71.

Shares of Welltower Inc. (NYSE HCN) traded up $0.50 on Friday, reaching $67.96. The company’s stock had a trading volume of 2,051,724 shares, compared to its average volume of 1,639,559. Welltower Inc. has a 1 year low of $61.96 and a 1 year high of $78.17. The company has a market cap of $24,984.27, a price-to-earnings ratio of 15.73, a P/E/G ratio of 4.54 and a beta of 0.25. 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 announced its earnings results on Tuesday, November 7th. The real estate investment trust reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.03. Welltower had a return on equity of 7.45% and a net margin of 22.67%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the business earned $1.16 EPS. The company’s revenue was up 1.1% compared to the same quarter last year. analysts expect that Welltower Inc. will post 4.24 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Tuesday, November 7th were paid a $0.87 dividend. The ex-dividend date was Monday, November 6th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.12%. Welltower’s payout ratio is presently 140.32%.

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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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