Suntrust Banks Inc. lifted its stake in Welltower Inc. (NYSE:HCN) by 2.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 146,944 shares of the real estate investment trust’s stock after acquiring an additional 3,113 shares during the quarter. Suntrust Banks Inc.’s holdings in Welltower were worth $10,996,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Cutter & CO Brokerage Inc. increased its position in shares of Welltower by 0.5% in the second quarter. Cutter & CO Brokerage Inc. now owns 5,777 shares of the real estate investment trust’s stock valued at $432,000 after acquiring an additional 27 shares during the last quarter. Farmers & Merchants Investments Inc. increased its position in shares of Welltower by 0.6% in the second quarter. Farmers & Merchants Investments Inc. now owns 5,030 shares of the real estate investment trust’s stock valued at $376,000 after acquiring an additional 30 shares during the last quarter. First Heartland Consultants Inc. increased its position in shares of Welltower by 0.6% in the second quarter. First Heartland Consultants Inc. now owns 5,690 shares of the real estate investment trust’s stock valued at $426,000 after acquiring an additional 33 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of Welltower by 0.9% in the first quarter. Mackenzie Financial Corp now owns 4,469 shares of the real estate investment trust’s stock valued at $316,000 after acquiring an additional 38 shares during the last quarter. Finally, Cleararc Capital Inc. increased its position in shares of Welltower by 0.5% in the first quarter. Cleararc Capital Inc. now owns 8,844 shares of the real estate investment trust’s stock valued at $626,000 after acquiring an additional 45 shares during the last quarter. 85.89% of the stock is currently owned by institutional investors and hedge funds.

Shares of Welltower Inc. (HCN) traded down 1.72% during midday trading on Friday, hitting $70.96. The stock had a trading volume of 1,853,118 shares. The company has a market cap of $26.18 billion, a price-to-earnings ratio of 22.10 and a beta of 0.24. The stock’s 50-day moving average price is $72.57 and its 200 day moving average price is $72.34. Welltower Inc. has a 52 week low of $59.39 and a 52 week high of $78.17.

Welltower (NYSE:HCN) last issued its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.01. Welltower had a net margin of 28.94% and a return on equity of 8.74%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the business posted $0.54 EPS. On average, equities analysts forecast that Welltower Inc. will post $2.30 earnings per share for the current year.

A number of analysts recently issued reports on HCN shares. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $72.00 target price on shares of Welltower in a research report on Monday, June 5th. BidaskClub raised Welltower from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Mizuho reaffirmed a “neutral” rating on shares of Welltower in a research report on Wednesday, June 28th. Bank of America Corporation downgraded Welltower to a “hold” rating and lowered their target price for the company from $78.00 to $77.00 in a research report on Friday. Finally, BMO Capital Markets reaffirmed a “sell” rating and issued a $68.00 target price on shares of Welltower in a research report on Friday, July 28th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $72.00.

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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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