Beacon Investment Advisory Services Inc. cut its position in shares of Welltower Inc (NYSE:HCN) by 49.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,324 shares of the real estate investment trust’s stock after selling 6,296 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Welltower were worth $403,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its stake in Welltower by 11.3% during 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. PGGM Investments lifted its stake in Welltower by 10.7% during the fourth quarter. PGGM Investments now owns 5,280,000 shares of the real estate investment trust’s stock worth $336,706,000 after purchasing an additional 511,088 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Welltower by 2.4% during the third quarter. Dimensional Fund Advisors LP now owns 5,171,211 shares of the real estate investment trust’s stock worth $363,435,000 after purchasing an additional 121,252 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Welltower by 6.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 3,544,275 shares of the real estate investment trust’s stock worth $226,019,000 after purchasing an additional 214,622 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in Welltower by 5.1% during the third quarter. Legal & General Group Plc now owns 2,759,908 shares of the real estate investment trust’s stock worth $193,968,000 after purchasing an additional 132,748 shares during the last quarter. Hedge funds and other institutional investors own 86.55% of the company’s stock.

Shares of Welltower Inc (NYSE:HCN) opened at $56.53 on Tuesday. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $20,940.00, a price-to-earnings ratio of 49.59, a price-to-earnings-growth ratio of 4.06 and a beta of 0.17. Welltower Inc has a one year low of $56.41 and a one year high of $78.17.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Shareholders of record on Tuesday, February 13th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 6.16%. The ex-dividend date of this dividend is Monday, February 12th. Welltower’s payout ratio is 305.26%.

HCN has been the topic of several research analyst reports. Zacks Investment Research cut Welltower from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Stephens set a $70.00 price objective on Welltower and gave the stock a “buy” rating in a research note on Friday, January 12th. KeyCorp restated a “hold” rating on shares of Welltower in a research note on Tuesday, October 17th. SunTrust Banks set a $66.00 price objective on Welltower and gave the stock a “hold” rating in a research note on Monday, January 22nd. Finally, Mizuho restated a “hold” rating and set a $67.00 price objective on shares of Welltower in a research note on Monday, December 11th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. Welltower presently has an average rating of “Hold” and a consensus target price of $71.62.

In related news, Director Gary Whitelaw bought 1,420 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were bought at an average cost of $68.39 per share, for a total transaction of $97,113.80. Following the completion of the purchase, the director now owns 1,420 shares of the company’s stock, valued at approximately $97,113.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.19% of the company’s stock.

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About Welltower

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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