Shares of Welltower Inc. (NYSE:HCN) traded down 1.8% during mid-day trading on Wednesday after an insider sold shares in the company. The stock traded as low as $70.15 and last traded at $70.57, with a volume of 1,427,379 shares trading hands. The stock had previously closed at $71.88.

Specifically, COO Jeffrey H. Miller sold 24,777 shares of the company’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $78.00, for a total value of $1,932,606.00. Following the completion of the sale, the chief operating officer now directly owns 136,095 shares of the company’s stock, valued at $10,615,410. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Scott A. Estes sold 3,192 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $78.97, for a total transaction of $252,072.24. Following the completion of the sale, the chief financial officer now directly owns 133,126 shares of the company’s stock, valued at $10,512,960.22. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by insiders.

A number of equities research analysts have recently commented on the stock. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Welltower in a report on Sunday, September 4th. Royal Bank Of Canada increased their price target on shares of Welltower from $72.00 to $77.00 and gave the stock a “sector perform” rating in a report on Thursday, August 4th. Citigroup Inc. increased their price target on shares of Welltower from $73.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, August 11th. Hilliard Lyons cut shares of Welltower from a “neutral” rating to an “underperform” rating in a report on Tuesday, August 2nd. Finally, RBC Capital Markets reissued a “sector perform” rating and set a $77.00 price target (up from $72.00) on shares of Welltower in a report on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company. Welltower currently has a consensus rating of “Hold” and an average target price of $72.25.

The stock has a market cap of $25.19 billion, a PE ratio of 38.08 and a beta of 0.35. The stock has a 50 day moving average price of $75.45 and a 200 day moving average price of $73.41.

Welltower (NYSE:HCN) last released its quarterly earnings results on Tuesday, August 2nd. The real estate investment trust reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.01. Welltower had a net margin of 17.15% and a return on equity of 5.08%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the firm earned $1.09 EPS. Welltower’s revenue was up 12.5% on a year-over-year basis. Equities research analysts forecast that Welltower Inc. will post $4.58 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in HCN. State Street Corp increased its stake in Welltower by 1.5% in the first quarter. State Street Corp now owns 20,368,110 shares of the real estate investment trust’s stock worth $1,412,324,000 after buying an additional 301,240 shares during the period. Lasalle Investment Management Securities LLC increased its stake in Welltower by 5.7% in the second quarter. Lasalle Investment Management Securities LLC now owns 9,631,189 shares of the real estate investment trust’s stock worth $733,608,000 after buying an additional 519,997 shares during the period. Bank of New York Mellon Corp increased its stake in Welltower by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 8,604,018 shares of the real estate investment trust’s stock worth $655,366,000 after buying an additional 53,325 shares during the period. Principal Financial Group Inc. increased its stake in Welltower by 1.5% in the second quarter. Principal Financial Group Inc. now owns 6,609,987 shares of the real estate investment trust’s stock worth $503,483,000 after buying an additional 97,537 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Welltower by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,672,429 shares of the real estate investment trust’s stock worth $355,896,000 after buying an additional 144,377 shares during the period. Institutional investors own 87.85% of the company’s stock.

About Welltower

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.

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