PGGM Investments grew its position in shares of Welltower Inc. (NYSE:HCN) by 112.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,768,912 shares of the real estate investment trust’s stock after buying an additional 2,529,412 shares during the period. Welltower makes up 1.7% of PGGM Investments’ holdings, making the stock its 7th biggest position. PGGM Investments owned 1.29% of Welltower worth $335,159,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of HCN. Mackenzie Financial Corp increased its position in Welltower by 0.9% during the 1st quarter. Mackenzie Financial Corp now owns 4,469 shares of the real estate investment trust’s stock worth $316,000 after buying an additional 38 shares during the period. Global Endowment Management LP increased its position in Welltower by 8.1% during the 1st quarter. Global Endowment Management LP now owns 39,990 shares of the real estate investment trust’s stock worth $2,832,000 after buying an additional 3,000 shares during the period. Dimensional Fund Advisors LP increased its position in Welltower by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,915,979 shares of the real estate investment trust’s stock worth $348,149,000 after buying an additional 80,273 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in Welltower by 9.2% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 54,507 shares of the real estate investment trust’s stock worth $3,864,000 after buying an additional 4,600 shares during the period. Finally, Regal Investment Advisors LLC increased its position in Welltower by 7.5% during the 1st quarter. Regal Investment Advisors LLC now owns 7,309 shares of the real estate investment trust’s stock worth $518,000 after buying an additional 512 shares during the period. Hedge funds and other institutional investors own 85.77% of the company’s stock.

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HCN has been the topic of several analyst reports. Royal Bank Of Canada reissued a “hold” rating and set a $74.00 target price on shares of Welltower in a report on Tuesday, October 10th. KeyCorp reissued a “hold” rating on shares of Welltower in a report on Tuesday. Jefferies Group LLC reissued a “hold” rating and set a $72.00 target price on shares of Welltower in a report on Tuesday, October 3rd. BMO Capital Markets reissued a “sell” rating and set a $68.00 target price on shares of Welltower in a report on Friday, July 28th. Finally, Mizuho reissued a “neutral” rating on shares of Welltower in a report on Wednesday, June 28th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $72.43.

Shares of Welltower Inc. (HCN) traded down 0.01% during trading on Friday, hitting $68.17. The stock had a trading volume of 1,527,484 shares. The firm has a 50-day moving average price of $71.19 and a 200 day moving average price of $72.46. The company has a market capitalization of $25.15 billion, a PE ratio of 21.23 and a beta of 0.24. Welltower Inc. has a 52 week low of $59.39 and a 52 week high of $78.17.

Welltower (NYSE:HCN) last issued its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.01. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Welltower had a return on equity of 8.74% and a net margin of 28.94%. During the same period in the prior year, the business posted $0.54 EPS. Equities analysts anticipate that Welltower Inc. will post $2.31 earnings per share for the current year.

Welltower 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.

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Institutional Ownership by Quarter for Welltower (NYSE:HCN)

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