Miller Howard Investments Inc. NY decreased its position in Welltower Inc. (NYSE:HCN) by 2.2% during the second quarter, Holdings Channel reports. The fund owned 476,692 shares of the real estate investment trust’s stock after selling 10,621 shares during the period. Miller Howard Investments Inc. NY’s holdings in Welltower were worth $35,680,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Trust Co. of Vermont increased its position in shares of Welltower by 42.7% in the first quarter. Trust Co. of Vermont now owns 1,505 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 450 shares during the last quarter. Duncker Streett & Co. Inc. increased its position in shares of Welltower by 47.6% in the first quarter. Duncker Streett & Co. Inc. now owns 1,584 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 511 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Welltower by 13.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,813 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 212 shares during the last quarter. Ledyard National Bank increased its position in shares of Welltower by 42.7% in the first quarter. Ledyard National Bank now owns 1,820 shares of the real estate investment trust’s stock worth $129,000 after buying an additional 545 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of Welltower during the first quarter worth approximately $129,000. Institutional investors own 86.34% of the company’s stock.
Shares of Welltower Inc. (NYSE:HCN) traded up 0.36% during midday trading on Wednesday, reaching $73.27. 255,154 shares of the company were exchanged. The company has a market capitalization of $26.83 billion, a PE ratio of 22.57 and a beta of 0.24. Welltower Inc. has a 52-week low of $59.39 and a 52-week high of $80.19. The firm’s 50 day moving average is $74.56 and its 200-day moving average is $70.75.
Welltower (NYSE:HCN) last issued its quarterly earnings results on Friday, May 5th. The real estate investment trust reported $1.05 EPS for the quarter, hitting the consensus estimate of $1.05. Welltower had a net margin of 29.10% and a return on equity of 8.94%. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the business earned $0.42 earnings per share. Welltower’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities analysts forecast that Welltower Inc. will post $2.20 earnings per share for the current fiscal year.
A number of equities analysts have recently issued reports on HCN shares. J P Morgan Chase & Co increased their price target on shares of Welltower from $71.00 to $72.00 and gave the company a “neutral” rating in a report on Monday, April 3rd. Jefferies Group LLC reiterated a “hold” rating and issued a $65.00 price target on shares of Welltower in a report on Friday, May 12th. BidaskClub downgraded shares of Welltower from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Royal Bank Of Canada reiterated a “hold” rating and issued a $72.00 price target on shares of Welltower in a report on Wednesday, May 3rd. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $86.00 price target on shares of Welltower in a report on Monday, May 15th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. Welltower presently has a consensus rating of “Hold” and a consensus target price of $73.43.
About Welltower
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.
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