Welltower Inc. (NYSE:HCN)‘s stock had its “hold” rating reiterated by Royal Bank Of Canada in a research note issued on Tuesday. They currently have a $74.00 price objective on the real estate investment trust’s stock. Royal Bank Of Canada’s price target points to a potential upside of 8.42% from the stock’s current price.

HCN has been the topic of several other reports. BMO Capital Markets reissued a “sell” rating and set a $68.00 target price on shares of Welltower in a research note on Friday, July 28th. Bank of America Corporation downgraded shares of Welltower to a “neutral” rating and cut their target price for the company from $78.00 to $77.00 in a research note on Friday, September 22nd. Jefferies Group LLC reissued a “hold” rating and set a $72.00 target price on shares of Welltower in a research note on Tuesday, October 3rd. BidaskClub downgraded shares of Welltower from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Mizuho reissued a “neutral” rating on shares of Welltower in a research note on Wednesday, June 28th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $72.43.

Shares of Welltower (NYSE:HCN) opened at 68.25 on Tuesday. The firm has a market cap of $25.18 billion, a PE ratio of 21.26 and a beta of 0.24. The stock’s 50 day moving average price is $72.01 and its 200 day moving average price is $72.62. Welltower has a 12-month low of $59.39 and a 12-month high of $78.17.

Welltower (NYSE:HCN) last announced its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the business earned $0.54 EPS. On average, equities research analysts predict that Welltower will post $2.30 EPS for the current fiscal year.

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Large investors have recently modified their holdings of the stock. Financial Counselors Inc. boosted its holdings in Welltower by 6.2% in the first quarter. Financial Counselors Inc. now owns 7,959 shares of the real estate investment trust’s stock worth $564,000 after purchasing an additional 468 shares in the last quarter. Kelman Lazarov Inc. boosted its holdings in Welltower by 0.4% in the second quarter. Kelman Lazarov Inc. now owns 13,325 shares of the real estate investment trust’s stock worth $997,000 after purchasing an additional 50 shares in the last quarter. Legal & General Group Plc boosted its holdings in Welltower by 6.0% in the first quarter. Legal & General Group Plc now owns 2,582,755 shares of the real estate investment trust’s stock worth $182,908,000 after purchasing an additional 146,302 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Welltower by 1.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 219,738 shares of the real estate investment trust’s stock worth $16,448,000 after purchasing an additional 3,215 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in Welltower by 2.7% in the second quarter. Swiss National Bank now owns 1,552,966 shares of the real estate investment trust’s stock worth $116,240,000 after purchasing an additional 40,200 shares in the last quarter. Hedge funds and other institutional investors own 85.89% of the company’s stock.

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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