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.
COPYRIGHT VIOLATION WARNING: This piece of content was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.com-unik.info/2017/10/13/welltower-inc-hcn-holdings-trimmed-by-moors-cabot-inc.html.
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.
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.
What are top analysts saying about Welltower Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Welltower Inc. and related companies.