Retirement Systems of Alabama boosted its stake in Welltower Inc. (NYSE:HCN) by 0.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,963 shares of the real estate investment trust’s stock after purchasing an additional 1,425 shares during the quarter. Retirement Systems of Alabama’s holdings in Welltower were worth $12,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Clear Perspective Advisors LLC raised its stake in Welltower by 0.5% in the second quarter. Clear Perspective Advisors LLC now owns 5,430 shares of the real estate investment trust’s stock valued at $406,000 after purchasing an additional 26 shares in the last quarter. Cutter & CO Brokerage Inc. raised its stake in shares of Welltower by 0.5% during the second quarter. Cutter & CO Brokerage Inc. now owns 5,777 shares of the real estate investment trust’s stock worth $432,000 after acquiring an additional 27 shares in the last quarter. Farmers & Merchants Investments Inc. raised its stake in shares of Welltower by 0.6% during the second quarter. Farmers & Merchants Investments Inc. now owns 5,030 shares of the real estate investment trust’s stock worth $376,000 after acquiring an additional 30 shares in the last quarter. First Heartland Consultants Inc. raised its stake in shares of Welltower by 0.6% during the second quarter. First Heartland Consultants Inc. now owns 5,690 shares of the real estate investment trust’s stock worth $426,000 after acquiring an additional 33 shares in the last quarter. Finally, Kelman Lazarov Inc. raised its stake in shares of Welltower by 0.4% during the second quarter. Kelman Lazarov Inc. now owns 13,325 shares of the real estate investment trust’s stock worth $997,000 after acquiring an additional 50 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have commented on the stock. Capital One Financial Corporation raised shares of Welltower from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, November 8th. Stifel Nicolaus decreased their price target on shares of Welltower from $75.00 to $74.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. KeyCorp reissued a “hold” rating on shares of Welltower in a research note on Tuesday, October 17th. Royal Bank Of Canada reissued a “hold” rating and set a $74.00 price target on shares of Welltower in a research note on Tuesday, October 10th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $72.00 target price on shares of Welltower in a report on Tuesday, October 3rd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned 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.

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Shares of Welltower Inc. (NYSE:HCN) opened at $67.94 on Friday. The firm has a market cap of $25,087.97, a price-to-earnings ratio of 15.79, a P/E/G ratio of 4.56 and a beta of 0.24. Welltower Inc. has a fifty-two week low of $61.08 and a fifty-two week high of $78.17. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.79.

Welltower (NYSE:HCN) last released its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.03. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Welltower had a net margin of 22.67% and a return on equity of 7.45%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.16 earnings per share. equities analysts expect that Welltower Inc. will post 4.23 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Tuesday, November 7th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 5.12%. The ex-dividend date of this dividend is Monday, November 6th. Welltower’s dividend payout ratio (DPR) is currently 140.32%.

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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