Beacon Investment Advisory Services Inc. Sells 255 Shares of Welltower Inc. (HCN)

Beacon Investment Advisory Services Inc. reduced its stake in shares of Welltower Inc. (NYSE:HCN) by 3.9% during the second quarter, Holdings Channel reports. The firm owned 6,310 shares of the real estate investment trust’s stock after selling 255 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Welltower were worth $472,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Capstone Asset Management Co. boosted its position in shares of Welltower by 6.1% in the first quarter. Capstone Asset Management Co. now owns 38,233 shares of the real estate investment trust’s stock valued at $2,708,000 after buying an additional 2,210 shares during the period. DnB Asset Management AS boosted its position in shares of Welltower by 21.2% in the first quarter. DnB Asset Management AS now owns 37,127 shares of the real estate investment trust’s stock valued at $2,629,000 after buying an additional 6,500 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Welltower by 35.6% in the first quarter. Nisa Investment Advisors LLC now owns 88,018 shares of the real estate investment trust’s stock valued at $6,233,000 after buying an additional 23,128 shares during the period. Lederer & Associates Investment Counsel CA boosted its position in shares of Welltower by 13.4% in the first quarter. Lederer & Associates Investment Counsel CA now owns 5,255 shares of the real estate investment trust’s stock valued at $372,000 after buying an additional 620 shares during the period. Finally, Ledyard National Bank boosted its position in shares of Welltower by 42.7% in the first quarter. Ledyard National Bank now owns 1,820 shares of the real estate investment trust’s stock valued at $129,000 after buying an additional 545 shares during the period. Hedge funds and other institutional investors own 85.15% of the company’s stock.

Welltower Inc. (NYSE:HCN) traded down 0.19% during midday trading on Thursday, hitting $71.86. 64,860 shares of the stock were exchanged. Welltower Inc. has a 1-year low of $59.39 and a 1-year high of $78.19. The company’s 50 day moving average is $73.08 and its 200-day moving average is $71.33. The stock has a market cap of $26.51 billion, a PE ratio of 22.38 and a beta of 0.23.

Welltower (NYSE:HCN) last released its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.01. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Welltower had a net margin of 28.94% and a return on equity of 8.74%. During the same quarter in the previous year, the business posted $0.54 earnings per share. On average, analysts expect that Welltower Inc. will post $2.31 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Tuesday, August 8th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 4.83%. The ex-dividend date is Friday, August 4th. Welltower’s dividend payout ratio (DPR) is currently 108.41%.

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HCN has been the subject of several recent research reports. Evercore ISI cut shares of Welltower from an “in-line” rating to an “underperform” rating in a research report on Monday, April 24th. Zacks Investment Research cut shares of Welltower from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. Royal Bank Of Canada restated a “hold” rating and issued a $72.00 price target on shares of Welltower in a research report on Wednesday, May 3rd. Canaccord Genuity restated a “buy” rating and issued a $86.00 price target on shares of Welltower in a research report on Friday, May 5th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $65.00 price target on shares of Welltower in a research report on Friday, May 12th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $72.77.

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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