Welltower Inc. (NYSE:HCN)’s share price was down 2% during mid-day trading on Thursday . The company traded as low as $74.28 and last traded at $74.85, with a volume of 1,225,873 shares traded. The stock had previously closed at $76.39.

Several brokerages have recently weighed in on HCN. Evercore ISI increased their price target on Welltower to $69.00 in a research note on Monday, March 21st. Royal Bank Of Canada cut Welltower from an “outperform” rating to a “sector perform” rating and set a $70.00 price target for the company. in a research note on Friday, April 1st. Morgan Stanley reissued a “buy” rating on shares of Welltower in a research note on Tuesday, April 19th. Jefferies Group increased their price target on Welltower to $61.00 and gave the company a “hold” rating in a research note on Thursday, April 7th. Finally, Citigroup Inc. increased their price target on Welltower from $67.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, May 13th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $70.06.

The firm has a market capitalization of $26.72 billion and a P/E ratio of 34.05. The company’s 50 day moving average price is $72.11 and its 200 day moving average price is $68.03.

Welltower (NYSE:HCN) last posted its earnings results on Tuesday, May 3rd. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.01. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the company posted $1.04 EPS. The firm’s revenue was up 17.1% on a year-over-year basis. On average, analysts anticipate that Welltower Inc. will post $4.56 EPS for the current fiscal year.

In other news, CFO Scott A. Estes sold 14,790 shares of the business’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $70.48, for a total value of $1,042,399.20. Following the sale, the chief financial officer now directly owns 144,724 shares of the company’s stock, valued at approximately $10,200,147.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Scott A. Estes sold 3,193 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $76.39, for a total value of $243,913.27. Following the completion of the sale, the chief financial officer now directly owns 133,127 shares in the company, valued at $10,169,571.53. The disclosure for this sale can be found here.

Several hedge funds recently modified their holdings of the company. Garcia Hamilton & Associates LP DE boosted its stake in shares of Welltower by 89.1% in the fourth quarter. Garcia Hamilton & Associates LP DE now owns 31,774 shares of the real estate investment trust’s stock worth $2,162,000 after buying an additional 14,975 shares in the last quarter. GAM Holding AG boosted its stake in shares of Welltower by 105.1% in the fourth quarter. GAM Holding AG now owns 17,663 shares of the real estate investment trust’s stock worth $1,202,000 after buying an additional 9,051 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Welltower by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 51,744,997 shares of the real estate investment trust’s stock worth $3,520,211,000 after buying an additional 1,681,591 shares in the last quarter. Brown Advisory Inc. boosted its stake in shares of Welltower by 2.7% in the fourth quarter. Brown Advisory Inc. now owns 18,458 shares of the real estate investment trust’s stock worth $1,256,000 after buying an additional 491 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its stake in shares of Welltower by 0.6% in the fourth quarter. New York State Common Retirement Fund now owns 816,700 shares of the real estate investment trust’s stock worth $55,560,000 after buying an additional 5,200 shares in the last quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.