Foundry Partners LLC Buys 265 Shares of Welltower Inc. (HCN)

Foundry Partners LLC increased its stake in shares of Welltower Inc. (NYSE:HCN) by 0.2% during the second quarter, Holdings Channel reports. The fund owned 136,722 shares of the real estate investment trust’s stock after buying an additional 265 shares during the period. Foundry Partners LLC’s holdings in Welltower were worth $10,234,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Bessemer Group Inc. boosted its stake in shares of Welltower by 97.6% in the second quarter. Bessemer Group Inc. now owns 1,413 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 698 shares during the last quarter. Trust Co. of Vermont boosted its stake in shares of Welltower by 42.7% in the first quarter. Trust Co. of Vermont now owns 1,505 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 450 shares during the last quarter. Duncker Streett & Co. Inc. boosted its stake in shares of Welltower by 47.6% in the first quarter. Duncker Streett & Co. Inc. now owns 1,584 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 511 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Welltower by 13.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,813 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 212 shares during the last quarter. Finally, Ledyard National Bank boosted its stake 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 last quarter. 85.62% of the stock is owned by institutional investors.

Welltower Inc. (NYSE HCN) opened at 70.40 on Friday. The company has a market cap of $25.97 billion, a price-to-earnings ratio of 21.92 and a beta of 0.23. Welltower Inc. has a one year low of $59.39 and a one year high of $78.71. The firm has a 50-day moving average price of $73.55 and a 200 day moving average price of $71.18.

Welltower (NYSE:HCN) last posted its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ 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 return on equity of 8.74% and a net margin of 28.94%. During the same period in the previous year, the firm posted $0.54 EPS. Equities analysts expect that Welltower Inc. will post $2.31 earnings per share for the current fiscal 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 given a dividend of $0.87 per share. The ex-dividend date is Friday, August 4th. This represents a $3.48 annualized dividend and a yield of 4.94%. Welltower’s payout ratio is 108.41%.

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Several equities research analysts have recently weighed in on the company. BMO Capital Markets reissued a “sell” rating and issued a $68.00 price target on shares of Welltower in a research note on Friday, July 28th. Jefferies Group LLC restated a “hold” rating and set a $65.00 target price on shares of Welltower in a research report on Friday, May 12th. BidaskClub lowered Welltower from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Royal Bank Of Canada restated a “hold” rating and set a $72.00 target price on shares of Welltower in a research report on Wednesday, May 3rd. Finally, Canaccord Genuity restated a “buy” rating and set a $86.00 target price on shares of Welltower in a research report on Monday, May 15th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. Welltower presently has a consensus rating of “Hold” and an average price target 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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