Columbia Asset Management bought a new position in Welltower Inc. (NYSE:HCN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,590 shares of the real estate investment trust’s stock, valued at approximately $252,000.

Several other institutional investors have also recently modified their holdings of HCN. PGGM Investments grew its holdings in shares of Welltower by 112.9% in the third quarter. PGGM Investments now owns 4,768,912 shares of the real estate investment trust’s stock worth $335,159,000 after purchasing an additional 2,529,412 shares during the last quarter. Uniplan Investment Counsel Inc. grew its holdings in shares of Welltower by 311.2% in the second quarter. Uniplan Investment Counsel Inc. now owns 2,883,118 shares of the real estate investment trust’s stock worth $53,217,000 after purchasing an additional 2,181,913 shares during the last quarter. Standard Life Investments LTD grew its holdings in shares of Welltower by 84.5% in the second quarter. Standard Life Investments LTD now owns 2,279,176 shares of the real estate investment trust’s stock worth $170,517,000 after purchasing an additional 1,043,676 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Welltower by 11.3% in the third quarter. Bank of New York Mellon Corp now owns 7,592,729 shares of the real estate investment trust’s stock worth $533,618,000 after purchasing an additional 768,861 shares during the last quarter. Finally, Cbre Clarion Securities LLC grew its holdings in shares of Welltower by 8.3% in the second quarter. Cbre Clarion Securities LLC now owns 6,401,420 shares of the real estate investment trust’s stock worth $479,146,000 after purchasing an additional 492,882 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Welltower Inc. (HCN) traded down $0.35 on Thursday, hitting $67.74. The stock had a trading volume of 2,358,800 shares, compared to its average volume of 1,768,015. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.79. The stock has a market cap of $25,217.59, a price-to-earnings ratio of 15.87, a PEG ratio of 4.59 and a beta of 0.24. Welltower Inc. has a 12-month low of $61.08 and a 12-month high of $78.17.

Welltower (NYSE:HCN) last posted its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.03. The firm 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%. Welltower’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.16 EPS. equities analysts anticipate that Welltower Inc. will post 4.23 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Tuesday, November 7th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 5.14%. The ex-dividend date of this dividend is Monday, November 6th. Welltower’s dividend payout ratio is presently 140.32%.

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

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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