Oregon Public Employees Retirement Fund lowered its stake in Welltower Inc. (NYSE:HCN) by 23.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,882 shares of the real estate investment trust’s stock after selling 11,461 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Welltower were worth $2,758,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Squarepoint Ops LLC purchased a new position in Welltower during the first quarter valued at approximately $569,000. Phocas Financial Corp. purchased a new position in Welltower during the first quarter valued at approximately $661,000. Fulton Bank N.A. raised its position in Welltower by 5.7% in the second quarter. Fulton Bank N.A. now owns 26,007 shares of the real estate investment trust’s stock valued at $1,981,000 after buying an additional 1,394 shares in the last quarter. Kistler Tiffany Companies LLC raised its position in Welltower by 34.6% in the second quarter. Kistler Tiffany Companies LLC now owns 2,861 shares of the real estate investment trust’s stock valued at $218,000 after buying an additional 735 shares in the last quarter. Finally, Raymond James Trust N.A. raised its position in Welltower by 1.6% in the second quarter. Raymond James Trust N.A. now owns 30,949 shares of the real estate investment trust’s stock valued at $2,357,000 after buying an additional 486 shares in the last quarter. Institutional investors and hedge funds own 84.87% of the company’s stock.

Institutional Ownership by Quarter for Welltower (NYSE:HCN)

Welltower Inc. (NYSE:HCN) traded down 2.20% during trading on Wednesday, reaching $62.78. The company had a trading volume of 4,513,008 shares. The company has a market capitalization of $22.76 billion, a PE ratio of 27.69 and a beta of 0.25. Welltower Inc. has a 52-week low of $52.80 and a 52-week high of $80.19. The company has a 50 day moving average price of $66.25 and a 200 day moving average price of $72.51.

Welltower (NYSE:HCN) last announced its quarterly earnings data on Wednesday, November 2nd. The real estate investment trust reported $1.16 EPS for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.01. The firm earned $1.08 billion during the quarter, compared to analyst estimates of $1.05 billion. Welltower had a return on equity of 6.37% and a net margin of 20.74%. The company’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the company earned $1.12 earnings per share. On average, equities analysts forecast that Welltower Inc. will post $4.54 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, November 21st. Stockholders of record on Tuesday, November 8th were given a dividend of $0.86 per share. The ex-dividend date of this dividend was Friday, November 4th. This represents a $3.44 annualized dividend and a dividend yield of 5.48%. Welltower’s payout ratio is currently 152.21%.

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A number of equities analysts recently issued reports on the stock. RBC Capital Markets reiterated a “sector perform” rating and issued a $77.00 target price (up previously from $72.00) on shares of Welltower in a research report on Thursday, August 4th. S&P Equity Research reiterated a “positive” rating on shares of Welltower in a research report on Thursday, November 3rd. Citigroup Inc. increased their target price on shares of Welltower from $73.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, August 11th. Royal Bank Of Canada increased their target price on shares of Welltower from $72.00 to $77.00 and gave the company a “sector perform” rating in a research report on Thursday, August 4th. Finally, Hilliard Lyons lowered shares of Welltower from a “neutral” rating to an “underperform” rating in a research report on Tuesday, August 2nd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. Welltower presently has a consensus rating of “Hold” and an average price target of $73.06.

In other news, CFO Scott A. Estes sold 3,192 shares of the business’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $74.11, for a total transaction of $236,559.12. Following the completion of the transaction, the chief financial officer now directly owns 133,126 shares in the company, valued at approximately $9,865,967.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Jeffrey H. Miller sold 24,777 shares of the business’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $78.00, for a total value of $1,932,606.00. Following the transaction, the chief operating officer now owns 136,095 shares of the company’s stock, valued at $10,615,410. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.

Welltower Company Profile

Welltower Inc, formerly Health Care REIT, Inc, is a provider of healthcare infrastructure. The Company operates through three segments: triple-net, which includes independent living facilities, independent supportive living facilities (Canada), continuing care retirement communities, assisted living facilities, care homes with and without nursing (United Kingdom), Alzheimer’s/dementia care facilities, long-term/post-acute care facilities and hospitals; seniors housing operating, which includes a range of facility types, including independent living facilities and independent supportive living facilities, assisted living facilities, care homes and Alzheimer’s/dementia care facilities, and outpatient medical, which includes outpatient medical buildings.

5 Day Chart for NYSE:HCN

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