Voya Investment Management LLC trimmed its stake in Welltower Inc. (NYSE:HCN) by 0.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 200,925 shares of the real estate investment trust’s stock after selling 414 shares during the period. Voya Investment Management LLC owned 0.05% of Welltower worth $15,039,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cutter & CO Brokerage Inc. raised its position in shares of Welltower by 0.5% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 5,777 shares of the real estate investment trust’s stock worth $432,000 after acquiring an additional 27 shares in the last quarter. Farmers & Merchants Investments Inc. raised its position in shares of Welltower by 0.6% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 5,030 shares of the real estate investment trust’s stock worth $376,000 after acquiring an additional 30 shares in the last quarter. First Heartland Consultants Inc. raised its position in shares of Welltower by 0.6% in the 2nd quarter. First Heartland Consultants Inc. now owns 5,690 shares of the real estate investment trust’s stock worth $426,000 after acquiring an additional 33 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of Welltower by 0.9% in the 1st quarter. Mackenzie Financial Corp now owns 4,469 shares of the real estate investment trust’s stock worth $316,000 after acquiring an additional 38 shares in the last quarter. Finally, Cleararc Capital Inc. raised its position in shares of Welltower by 0.5% in the 1st quarter. Cleararc Capital Inc. now owns 8,844 shares of the real estate investment trust’s stock worth $626,000 after acquiring an additional 45 shares in the last quarter. 85.90% of the stock is owned by hedge funds and other institutional investors.

Welltower Inc. (HCN) opened at 68.63 on Thursday. The stock has a market cap of $25.32 billion, a P/E ratio of 21.37 and a beta of 0.24. Welltower Inc. 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 $72.26 and its 200-day moving average price is $72.60.

Welltower (NYSE:HCN) last released its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.01. Welltower had a return on equity of 8.74% and a net margin of 28.94%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the firm posted $0.54 EPS. On average, analysts predict that Welltower Inc. will post $2.30 earnings per share for the current year.

Several brokerages recently issued reports on HCN. BidaskClub raised Welltower from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Mizuho reaffirmed a “neutral” rating on shares of Welltower in a research report on Wednesday, June 28th. BMO Capital Markets reaffirmed a “sell” rating and set a $68.00 target price on shares of Welltower in a research report on Friday, July 28th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $74.00 target price on shares of Welltower in a research report on Wednesday, September 6th. Finally, Bank of America Corporation lowered Welltower to a “neutral” rating and reduced their target price for the company from $78.00 to $77.00 in a research report on Friday, September 22nd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $72.43.

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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.

Institutional Ownership by Quarter for Welltower (NYSE:HCN)

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