Welltower Inc. (NYSE:HCN) Shares Sold by Janney Capital Management LLC

Janney Capital Management LLC cut its stake in shares of Welltower Inc. (NYSE:HCN) by 2.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 307,348 shares of the real estate investment trust’s stock after selling 6,767 shares during the period. Welltower accounts for 1.1% of Janney Capital Management LLC’s investment portfolio, making the stock its 25th largest position. Janney Capital Management LLC owned 0.08% of Welltower worth $23,005,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Pensionfund Sabic increased its position in shares of Welltower by 29.0% in the first quarter. Pensionfund Sabic now owns 22,247 shares of the real estate investment trust’s stock valued at $1,576,000 after buying an additional 5,000 shares during the period. Liberty Capital Management Inc. boosted its stake in Welltower by 15.0% in the first quarter. Liberty Capital Management Inc. now owns 16,110 shares of the real estate investment trust’s stock valued at $1,141,000 after buying an additional 2,100 shares in the last quarter. Private Asset Management Inc. boosted its stake in Welltower by 3.4% in the first quarter. Private Asset Management Inc. now owns 47,980 shares of the real estate investment trust’s stock valued at $3,398,000 after buying an additional 1,600 shares in the last quarter. McQueen Ball & Associates Inc. boosted its stake in Welltower by 0.4% in the first quarter. McQueen Ball & Associates Inc. now owns 22,919 shares of the real estate investment trust’s stock valued at $1,623,000 after buying an additional 85 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. boosted its stake in Welltower by 2.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 336,222 shares of the real estate investment trust’s stock valued at $23,812,000 after buying an additional 7,521 shares in the last quarter. Institutional investors own 85.15% of the company’s stock.

Welltower Inc. (NYSE HCN) opened at 70.65 on Friday. The stock has a 50 day moving average price of $72.81 and a 200-day moving average price of $71.36. The firm has a market capitalization of $26.06 billion, a PE ratio of 22.00 and a beta of 0.23. Welltower Inc. has a 12-month low of $59.39 and a 12-month high of $78.19.

Welltower (NYSE:HCN) last issued its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.01. Welltower had a return on equity of 8.74% and a net margin of 28.94%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company posted $0.54 EPS. On average, equities research analysts forecast that Welltower Inc. will post $2.31 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.93%. Welltower’s dividend payout ratio (DPR) is presently 108.41%.

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

Institutional Ownership by Quarter for Welltower (NYSE:HCN)

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