HighPoint Advisor Group LLC Has $1,054,000 Position in Welltower Inc. (HCN)

HighPoint Advisor Group LLC maintained its stake in shares of Welltower Inc. (NYSE:HCN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,678 shares of the real estate investment trust’s stock at the close of the second quarter. HighPoint Advisor Group LLC’s holdings in Welltower were worth $1,054,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in HCN. Uniplan Investment Counsel Inc. grew its position in Welltower by 311.2% in the second quarter. Uniplan Investment Counsel Inc. now owns 2,883,118 shares of the real estate investment trust’s stock worth $53,217,000 after acquiring an additional 2,181,913 shares in the last quarter. Vanguard Group Inc. grew its position in Welltower by 2.6% in the first quarter. Vanguard Group Inc. now owns 52,225,248 shares of the real estate investment trust’s stock worth $3,698,592,000 after acquiring an additional 1,304,013 shares in the last quarter. Standard Life Investments LTD grew its position in Welltower by 84.5% in the second quarter. Standard Life Investments LTD now owns 2,279,176 shares of the real estate investment trust’s stock worth $170,517,000 after acquiring an additional 1,043,676 shares in the last quarter. Epoch Investment Partners Inc. grew its position in Welltower by 15.7% in the first quarter. Epoch Investment Partners Inc. now owns 5,633,662 shares of the real estate investment trust’s stock worth $398,975,000 after acquiring an additional 766,140 shares in the last quarter. Finally, Cbre Clarion Securities LLC grew its position in Welltower by 8.3% in the second quarter. Cbre Clarion Securities LLC now owns 6,401,420 shares of the real estate investment trust’s stock worth $479,146,000 after acquiring an additional 492,882 shares in the last quarter. Institutional investors own 85.89% of the company’s stock.

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

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Welltower Inc. (HCN) traded down 0.272% during mid-day trading on Thursday, reaching $67.755. 659,522 shares of the company’s stock traded hands. The firm has a market cap of $24.99 billion, a price-to-earnings ratio of 21.101 and a beta of 0.24. Welltower Inc. has a one year low of $59.39 and a one year high of $78.17. The firm’s 50-day moving average price is $71.81 and its 200 day moving average price is $72.58.

Welltower (NYSE:HCN) last issued its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the company posted $0.54 EPS. On average, equities analysts forecast that Welltower Inc. will post $2.30 EPS for the current year.

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.

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Institutional Ownership by Quarter for Welltower (NYSE:HCN)

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