Welltower Inc. (NYSE:HCN) has received a consensus rating of “Hold” from the eighteen research firms that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $73.00.

HCN has been the topic of a number of research reports. Royal Bank Of Canada reissued a “hold” rating and issued a $72.00 target price on shares of Welltower in a research note on Monday, June 5th. BidaskClub raised shares of Welltower from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Mizuho reissued a “neutral” rating on shares of Welltower in a research note on Wednesday, June 28th. BMO Capital Markets reissued a “sell” rating and issued a $68.00 target price on shares of Welltower in a research note on Friday, July 28th. Finally, Bank of America Corporation lowered shares of Welltower to a “neutral” rating and decreased their target price for the stock from $78.00 to $77.00 in a research note on Friday, September 22nd.

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Institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its position in shares of Welltower by 97.6% in the second quarter. Bessemer Group Inc. now owns 1,413 shares of the real estate investment trust’s stock worth $106,000 after acquiring an additional 698 shares in the last quarter. Harbour Capital Advisors LLC increased its position in shares of Welltower by 7,385.0% in the second quarter. Harbour Capital Advisors LLC now owns 11,452 shares of the real estate investment trust’s stock worth $153,000 after acquiring an additional 11,299 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of Welltower in the first quarter worth approximately $204,000. Appleton Partners Inc. MA purchased a new position in shares of Welltower in the second quarter worth approximately $204,000. Finally, Miles Capital Inc. purchased a new position in shares of Welltower in the second quarter worth approximately $205,000. 85.90% of the stock is currently owned by institutional investors and hedge funds.

Welltower (NYSE HCN) traded down 0.43% on Friday, hitting $70.28. The stock had a trading volume of 2,062,014 shares. The stock has a market cap of $25.92 billion, a PE ratio of 21.89 and a beta of 0.24. Welltower has a 12 month low of $59.39 and a 12 month high of $78.17. The firm’s 50 day moving average price is $72.57 and its 200-day moving average price is $72.34.

Welltower (NYSE:HCN) last released its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company posted $0.54 EPS. On average, analysts forecast that Welltower will post $2.30 EPS for the current year.

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.

Analyst Recommendations for Welltower (NYSE:HCN)

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