Welltower Inc. (NYSE:HCN) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $77.26 and last traded at $77.25, with a volume of 556,244 shares trading hands. The stock had previously closed at $76.50.

HCN has been the subject of a number of recent research reports. Royal Bank Of Canada cut shares of Welltower from an “outperform” rating to a “sector perform” rating and set a $70.00 price target for the company. in a research report on Friday, April 1st. Jefferies Group lifted their price target on shares of Welltower to $61.00 and gave the company a “hold” rating in a research report on Thursday, April 7th. Zacks Investment Research cut shares of Welltower from a “hold” rating to a “sell” rating in a research report on Tuesday, April 12th. Morgan Stanley reissued a “buy” rating on shares of Welltower in a research report on Tuesday, April 19th. Finally, BMO Capital Markets reissued a “sell” rating on shares of Welltower in a research report on Tuesday, May 3rd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $69.67.

The firm has a 50-day moving average price of $73.81 and a 200 day moving average price of $68.57. The company has a market capitalization of $27.65 billion and a PE ratio of 35.2411.

Welltower (NYSE:HCN) last issued its quarterly earnings results on Tuesday, May 3rd. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.01. The business 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 earned $1.04 earnings per share. The firm’s revenue for the quarter was up 17.1% on a year-over-year basis. Equities research analysts expect that Welltower Inc. will post $4.56 EPS for the current year.

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

Several institutional investors recently made changes to their positions in HCN. Morningstar Investment Services LLC increased its position in shares of Welltower by 11.1% in the fourth quarter. Morningstar Investment Services LLC now owns 427,760 shares of the real estate investment trust’s stock worth $29,100,000 after buying an additional 42,844 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Welltower by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,487,835 shares of the real estate investment trust’s stock worth $305,309,000 after buying an additional 95,844 shares in the last quarter. Stephens Inc. AR increased its position in shares of Welltower by 7.5% in the fourth quarter. Stephens Inc. AR now owns 104,087 shares of the real estate investment trust’s stock worth $7,081,000 after buying an additional 7,256 shares in the last quarter. I.G. Investment Management LTD. increased its position in shares of Welltower by 63.8% in the fourth quarter. I.G. Investment Management LTD. now owns 42,476 shares of the real estate investment trust’s stock worth $2,890,000 after buying an additional 16,538 shares during the period. Finally, Veritable L.P. increased its position in shares of Welltower by 24.6% in the fourth quarter. Veritable L.P. now owns 31,108 shares of the real estate investment trust’s stock worth $2,116,000 after buying an additional 6,133 shares during the period.

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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