Welltower Inc. (HCN) Holdings Trimmed by Moors & Cabot Inc.

Moors & Cabot Inc. lowered its stake in shares of Welltower Inc. (NYSE:HCN) by 5.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,411 shares of the real estate investment trust’s stock after selling 199 shares during the period. Moors & Cabot Inc.’s holdings in Welltower were worth $253,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of HCN. Uniplan Investment Counsel Inc. raised its stake in Welltower by 311.2% during the second quarter. Uniplan Investment Counsel Inc. now owns 2,883,118 shares of the real estate investment trust’s stock worth $53,217,000 after purchasing an additional 2,181,913 shares during the period. Vanguard Group Inc. raised its stake in Welltower by 2.6% during the first quarter. Vanguard Group Inc. now owns 52,225,248 shares of the real estate investment trust’s stock worth $3,698,592,000 after purchasing an additional 1,304,013 shares during the period. Standard Life Investments LTD raised its stake in Welltower by 84.5% during the second quarter. Standard Life Investments LTD now owns 2,279,176 shares of the real estate investment trust’s stock worth $170,517,000 after purchasing an additional 1,043,676 shares during the period. Epoch Investment Partners Inc. raised its stake in Welltower by 15.7% during the first quarter. Epoch Investment Partners Inc. now owns 5,633,662 shares of the real estate investment trust’s stock worth $398,975,000 after purchasing an additional 766,140 shares during the period. Finally, Cbre Clarion Securities LLC raised its stake in Welltower by 8.3% during the second quarter. Cbre Clarion Securities LLC now owns 6,401,420 shares of the real estate investment trust’s stock worth $479,146,000 after purchasing an additional 492,882 shares during the period. 85.89% of the stock is currently owned by institutional investors.

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Welltower Inc. (HCN) traded up 0.26% during midday trading on Friday, hitting $68.19. 146,624 shares of the stock traded hands. Welltower Inc. has a 1-year low of $59.39 and a 1-year high of $78.17. The firm has a market cap of $25.15 billion, a P/E ratio of 21.24 and a beta of 0.24. The company has a 50-day moving average price of $71.71 and a 200-day moving average price of $72.55.

Welltower (NYSE:HCN) last posted its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.01. The firm had revenue of $1.06 billion during 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 period in the previous year, the company earned $0.54 earnings per share. Analysts predict that Welltower Inc. will post $2.30 EPS for the current year.

A number of equities analysts have weighed in on HCN shares. Royal Bank Of Canada reaffirmed a “hold” rating and set a $74.00 price target on shares of Welltower in a research note on Tuesday. BidaskClub raised shares of Welltower from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Capital One Financial Corporation started coverage on shares of Welltower in a research note on Monday, September 25th. They set an “equal weight” rating and a $74.00 price target on the stock. UBS AG cut their price target on shares of Welltower from $71.00 to $69.00 and set a “neutral” rating on the stock in a research note on Monday, October 2nd. Finally, Mizuho reaffirmed a “neutral” rating on shares of Welltower in a research note on Wednesday, June 28th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. Welltower currently has a consensus rating of “Hold” and a consensus target price of $72.43.

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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