Oakbrook Investments LLC cut its position in shares of Welltower Inc. (NYSE:HCN) by 4.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,169 shares of the real estate investment trust’s stock after selling 660 shares during the period. Oakbrook Investments LLC’s holdings in Welltower were worth $986,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Green Street Investors LLC bought a new stake in shares of Welltower during the first quarter worth $14,136,000. Sabal Trust CO boosted its stake in shares of Welltower by 2.1% in the first quarter. Sabal Trust CO now owns 324,528 shares of the real estate investment trust’s stock worth $22,983,000 after buying an additional 6,592 shares during the period. Financial Counselors Inc. boosted its stake in shares of Welltower by 6.2% in the first quarter. Financial Counselors Inc. now owns 7,959 shares of the real estate investment trust’s stock worth $564,000 after buying an additional 468 shares during the period. Great West Life Assurance Co. Can boosted its stake in shares of Welltower by 1.2% in the first quarter. Great West Life Assurance Co. Can now owns 504,586 shares of the real estate investment trust’s stock worth $35,704,000 after buying an additional 6,063 shares during the period. Finally, Pensionfund Sabic boosted its stake in shares of Welltower by 29.0% in the first quarter. Pensionfund Sabic now owns 22,247 shares of the real estate investment trust’s stock worth $1,576,000 after buying an additional 5,000 shares during the period. 86.34% of the stock is owned by hedge funds and other institutional investors.

Welltower Inc. (NYSE HCN) opened at 73.45 on Monday. Welltower Inc. has a 1-year low of $59.39 and a 1-year high of $80.19. The firm has a market capitalization of $26.89 billion, a price-to-earnings ratio of 22.63 and a beta of 0.24. The firm has a 50-day moving average of $74.55 and a 200-day moving average of $70.63.

Welltower (NYSE:HCN) last issued 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. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. Welltower had a net margin of 29.10% and a return on equity of 8.94%. Welltower’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the firm posted $0.42 EPS. On average, analysts expect that Welltower Inc. will post $2.20 earnings per share for the current year.

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A number of equities research analysts recently weighed in on HCN shares. Zacks Investment Research raised shares of Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, March 29th. Evercore ISI cut shares of Welltower from an “in-line” rating to an “underperform” rating in a research report on Monday, April 24th. Canaccord Genuity reissued a “buy” rating and issued a $86.00 price target on shares of Welltower in a research report on Friday, May 5th. BidaskClub raised shares of Welltower from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $72.00 price target on shares of Welltower in a research report on Wednesday, May 3rd. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $73.43.

Welltower Company Profile

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.

Institutional Ownership by Quarter for Welltower (NYSE:HCN)

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