Evermay Wealth Management LLC lowered its stake in shares of Welltower Inc. (NYSE:HCN) by 2.5% during the second quarter, Holdings Channel reports. The institutional investor owned 3,961 shares of the real estate investment trust’s stock after selling 100 shares during the period. Evermay Wealth Management LLC’s holdings in Welltower were worth $296,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of HCN. Vanguard Group Inc. increased its position 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 buying an additional 1,304,013 shares in the last quarter. Morningstar Investment Services LLC purchased a new position in shares of Welltower during the first quarter valued at $65,890,000. Epoch Investment Partners Inc. increased its position 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 buying an additional 766,140 shares in the last quarter. Miller Howard Investments Inc. NY purchased a new position in shares of Welltower during the first quarter valued at $34,512,000. Finally, Alliancebernstein L.P. increased its position in shares of Welltower by 49.4% in the first quarter. Alliancebernstein L.P. now owns 1,427,505 shares of the real estate investment trust’s stock valued at $101,096,000 after buying an additional 471,717 shares in the last quarter. 85.62% of the stock is currently owned by institutional investors and hedge funds.

Shares of Welltower Inc. (NYSE:HCN) opened at 71.24 on Thursday. The company has a 50-day moving average of $73.94 and a 200 day moving average of $71.17. The company has a market cap of $26.28 billion, a PE ratio of 22.19 and a beta of 0.23. Welltower Inc. has a 12 month low of $59.39 and a 12 month high of $79.42.

Welltower (NYSE:HCN) last announced its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.01. The company 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 quarter last year, the firm posted $0.54 EPS. On average, analysts anticipate that Welltower Inc. will post $2.31 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Tuesday, August 8th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Friday, August 4th. This represents a $3.48 dividend on an annualized basis and a yield of 4.88%. Welltower’s payout ratio is currently 108.41%.

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Several equities analysts have recently commented on the stock. Evercore ISI downgraded shares of Welltower from an “in-line” rating to an “underperform” rating in a report on Monday, April 24th. BidaskClub raised shares of Welltower from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Canaccord Genuity reissued a “buy” rating and issued a $86.00 target price on shares of Welltower in a report on Monday, May 15th. Royal Bank Of Canada reissued a “hold” rating and issued a $72.00 target price on shares of Welltower in a report on Monday, June 5th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $65.00 target price on shares of Welltower in a report on Friday, May 12th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $73.29.

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.

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Institutional Ownership by Quarter for Welltower (NYSE:HCN)

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