Retirement Systems of Alabama raised its position in shares of Welltower Inc. (NYSE:HCN) by 1.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 182,000 shares of the real estate investment trust’s stock after buying an additional 2,297 shares during the period. Retirement Systems of Alabama’s holdings in Welltower were worth $13,863,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Trust Co. of Toledo NA OH boosted its position in Welltower by 1.0% in the second quarter. Trust Co. of Toledo NA OH now owns 135,366 shares of the real estate investment trust’s stock worth $10,311,000 after buying an additional 1,385 shares during the last quarter. Legal & General Group Plc boosted its position in Welltower by 4.3% in the first quarter. Legal & General Group Plc now owns 2,337,565 shares of the real estate investment trust’s stock worth $162,085,000 after buying an additional 97,360 shares during the last quarter. Investment House LLC acquired a new position in Welltower during the second quarter worth about $361,000. Silvercrest Asset Management Group LLC boosted its position in Welltower by 120.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 50,599 shares of the real estate investment trust’s stock worth $3,509,000 after buying an additional 27,659 shares during the last quarter. Finally, Windward Capital Management Co. CA boosted its position in Welltower by 2.8% in the second quarter. Windward Capital Management Co. CA now owns 3,655 shares of the real estate investment trust’s stock worth $278,000 after buying an additional 99 shares during the last quarter. Institutional investors own 87.85% of the company’s stock.
Shares of Welltower Inc. (NYSE:HCN) traded down 1.37% on Friday, hitting $74.77. The stock had a trading volume of 2,126,304 shares. Welltower Inc. has a 12-month low of $52.80 and a 12-month high of $80.19. The stock has a 50 day moving average price of $75.93 and a 200-day moving average price of $73.25. The company 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 released its quarterly earnings results on Tuesday, August 2nd. The real estate investment trust reported $1.15 EPS for the quarter, topping the consensus estimate of $1.14 by $0.01. Welltower had a return on equity of 5.08% and a net margin of 17.15%. The business earned $1.08 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the business posted $1.09 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. On average, equities analysts expect that Welltower Inc. will post $4.58 earnings per share for the current year.
A number of equities analysts recently issued reports on HCN shares. Wells Fargo & Co. restated a “buy” rating on shares of Welltower in a report on Sunday, September 4th. BTIG Research assumed coverage on Welltower in a report on Thursday, August 25th. They issued a “neutral” rating for the company. Canaccord Genuity reiterated a “buy” rating and issued a $86.00 target price on shares of Welltower in a report on Tuesday, September 13th. Citigroup Inc. upped their target price on Welltower from $70.00 to $73.00 and gave the stock a “neutral” rating in a report on Thursday, July 7th. Finally, Stephens assumed coverage on Welltower in a report on Wednesday, September 14th. They issued an “overweight” rating and a $86.00 target price for the company. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $72.25.
In related news, COO Jeffrey H. Miller sold 24,777 shares of Welltower stock in a transaction on 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 completion of the transaction, the chief operating officer now directly owns 136,095 shares in the company, valued at $10,615,410. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Scott A. Estes sold 3,192 shares of Welltower stock in a transaction on Monday, August 1st. The shares were sold at an average price of $78.97, for a total value of $252,072.24. Following the completion of the transaction, the chief financial officer now owns 133,126 shares of the company’s stock, valued at $10,512,960.22. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.
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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