Hexavest Inc. reduced its stake in shares of Welltower Inc. (NYSE:HCN) by 13.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 879,453 shares of the real estate investment trust’s stock after selling 134,727 shares during the period. Hexavest Inc.’s holdings in Welltower were worth $65,827,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Welltower by 2.6% in 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 buying an additional 1,304,013 shares during the last quarter. Morningstar Investment Services LLC purchased a new stake in shares of Welltower during the first quarter worth $65,890,000. Epoch Investment Partners Inc. raised its stake in shares of Welltower by 15.7% in 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 buying an additional 766,140 shares during the last quarter. Miller Howard Investments Inc. NY purchased a new stake in shares of Welltower during the first quarter worth $34,512,000. Finally, Alliancebernstein L.P. raised its stake in shares of Welltower by 49.4% in the first quarter. Alliancebernstein L.P. now owns 1,427,505 shares of the real estate investment trust’s stock worth $101,096,000 after buying an additional 471,717 shares during the last quarter. 88.23% of the stock is owned by institutional investors.
Shares of Welltower Inc. (HCN) traded up 0.01% during trading on Monday, reaching $72.91. 329,865 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $74.06 and its 200 day moving average price is $69.80. Welltower Inc. has a 52 week low of $59.39 and a 52 week high of $80.19. The firm has a market capitalization of $26.70 billion, a PE ratio of 22.46 and a beta of 0.24.
Welltower (NYSE:HCN) last posted its quarterly earnings data on Friday, May 5th. The real estate investment trust reported $1.05 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.05. Welltower had a net margin of 29.10% and a return on equity of 8.94%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the firm posted $0.42 EPS. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. Analysts predict that Welltower Inc. will post $2.06 EPS for the current fiscal year.
HCN has been the topic of a number of analyst reports. Evercore ISI lowered shares of Welltower from an “in-line” rating to an “underperform” rating in a report on Monday, April 24th. Morgan Stanley upgraded shares of Welltower from an “equal weight” rating to an “overweight” rating and set a $73.00 price target on the stock in a research note on Monday, March 20th. Zacks Investment Research lowered shares of Welltower from a “hold” rating to a “sell” rating in a research note on Wednesday, April 5th. J P Morgan Chase & Co lifted their price target on shares of Welltower from $71.00 to $72.00 and gave the stock a “neutral” rating in a research note on Monday, April 3rd. Finally, Canaccord Genuity reiterated a “buy” rating and set a $86.00 price target on shares of Welltower in a research note on Monday, May 15th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $73.31.
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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