DnB Asset Management AS boosted its position in shares of Welltower Inc. (NYSE:HCN) by 5.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,927 shares of the real estate investment trust’s stock after buying an additional 1,500 shares during the period. DnB Asset Management AS’s holdings in Welltower were worth $2,163,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HCN. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Welltower by 1.2% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,269,284 shares of the real estate investment trust’s stock valued at $94,904,000 after buying an additional 14,590 shares during the period. Old Mutual Global Investors UK Ltd. bought a new position in shares of Welltower during the third quarter valued at about $4,238,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Welltower by 2.1% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 113,446 shares of the real estate investment trust’s stock valued at $8,482,000 after buying an additional 2,332 shares during the period. Regal Investment Advisors LLC raised its position in shares of Welltower by 91.8% in the third quarter. Regal Investment Advisors LLC now owns 7,825 shares of the real estate investment trust’s stock valued at $585,000 after buying an additional 3,746 shares during the period. Finally, Newman Dignan & Sheerar Inc. bought a new position in shares of Welltower during the third quarter valued at about $253,000. Hedge funds and other institutional investors own 84.86% of the company’s stock.

Institutional Ownership by Quarter for Welltower (NYSE:HCN)

Welltower Inc. (NYSE:HCN) traded down 0.22% during trading on Friday, reaching $66.70. 861,306 shares of the company were exchanged. The company’s 50-day moving average price is $65.35 and its 200-day moving average price is $71.30. The stock has a market capitalization of $24.18 billion, a P/E ratio of 29.42 and a beta of 0.21. Welltower Inc. has a 1-year low of $52.80 and a 1-year high of $80.19.

Welltower (NYSE:HCN) last issued its quarterly earnings data on Wednesday, November 2nd. The real estate investment trust reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.01. Welltower had a net margin of 20.74% and a return on equity of 6.37%. The business earned $1.08 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the company posted $1.12 EPS. The business’s revenue was up 10.2% on a year-over-year basis. On average, equities analysts forecast that Welltower Inc. will post $2.26 EPS for the current year.

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Several research analysts recently issued reports on the stock. Barclays PLC reiterated a “buy” rating and issued a $73.00 target price on shares of Welltower in a research report on Monday. Zacks Investment Research upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research report on Friday, January 6th. BMO Capital Markets reiterated a “sell” rating and issued a $70.00 target price on shares of Welltower in a research report on Wednesday, November 2nd. S&P Equity Research reiterated a “positive” rating on shares of Welltower in a research report on Thursday, November 3rd. Finally, Mizuho lowered their price target on shares of Welltower from $75.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, November 3rd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $73.00.

In other Welltower news, Director Timothy J. Naughton acquired 2,000 shares of the company’s stock in a transaction on Thursday, November 10th. The stock was acquired at an average cost of $60.69 per share, with a total value of $121,380.00. Following the purchase, the director now directly owns 9,158 shares of the company’s stock, valued at approximately $555,799.02. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.29% of the stock is currently owned by company insiders.

Welltower Company Profile

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.

5 Day Chart for NYSE:HCN

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