HL Financial Services LLC decreased its position in Welltower Inc. (NYSE:HCN) by 2.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,034 shares of the real estate investment trust’s stock after selling 86 shares during the period. HL Financial Services LLC’s holdings in Welltower were worth $307,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of HCN. Washington Trust Bank raised its position in shares of Welltower by 11.1% in the second quarter. Washington Trust Bank now owns 1,498 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 150 shares in the last quarter. Nikko Asset Management Americas Inc. bought a new position in shares of Welltower during the first quarter worth $124,000. Pennsylvania Trust Co bought a new position in shares of Welltower during the second quarter worth $202,000. Kistler Tiffany Companies LLC raised its position in shares of 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 worth $218,000 after buying an additional 735 shares in the last quarter. Finally, Bremer Trust National Association bought a new position in shares of Welltower during the second quarter worth $226,000. Hedge funds and other institutional investors own 87.85% of the company’s stock.
Welltower Inc. (NYSE:HCN) traded down 1.37% on Friday, reaching $74.77. 2,126,304 shares of the company’s stock were exchanged. Welltower Inc. has a one year low of $52.80 and a one year high of $80.19. The firm has a 50 day moving average of $75.93 and a 200-day moving average of $73.25. The stock has a market cap of $26.76 billion, a price-to-earnings ratio of 40.46 and a beta of 0.43.
Welltower (NYSE:HCN) last announced its quarterly earnings results on Tuesday, August 2nd. The real estate investment trust reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.01. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Welltower had a net margin of 17.15% and a return on equity of 5.08%. The company’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS. Equities research analysts forecast that Welltower Inc. will post $4.58 EPS for the current fiscal year.
Several equities analysts have commented on the stock. RBC Capital Markets reiterated a “sector perform” rating and set a $77.00 price objective (up previously from $72.00) on shares of Welltower in a research report on Thursday, August 4th. Wells Fargo & Co. reiterated a “buy” rating on shares of Welltower in a research report on Sunday, September 4th. Royal Bank Of Canada increased their price objective 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. Stephens assumed coverage on shares of Welltower in a research report on Wednesday, September 14th. They set an “overweight” rating and a $86.00 price objective for the company. Finally, Canaccord Genuity increased their price objective on shares of Welltower from $79.00 to $86.00 and gave the company a “buy” rating in a research report on Monday, August 15th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $72.25.
In other news, EVP Scott M. Brinker sold 18,424 shares of the business’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $76.63, for a total transaction of $1,411,831.12. Following the transaction, the executive vice president now owns 111,756 shares of the company’s stock, valued at approximately $8,563,862.28. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Scott A. Estes sold 3,192 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $78.97, for a total transaction of $252,072.24. Following the transaction, the chief financial officer now directly owns 133,126 shares in the company, valued at approximately $10,512,960.22. 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.
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