Welltower Inc. (HCN) Position Cut by Schafer Cullen Capital Management Inc.

Schafer Cullen Capital Management Inc. reduced its position in shares of Welltower Inc. (NYSE:HCN) by 1.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,095,543 shares of the real estate investment trust’s stock after selling 35,330 shares during the period. Welltower makes up about 2.0% of Schafer Cullen Capital Management Inc.’s investment portfolio, making the stock its 9th largest position. Schafer Cullen Capital Management Inc. owned approximately 0.57% of Welltower worth $156,851,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in HCN. Financial Counselors Inc. increased its stake in Welltower by 6.2% in the 1st 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. increased its stake in Welltower by 0.4% in the 2nd 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 increased its stake in Welltower by 6.0% in the 1st 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. increased its stake in Welltower by 1.5% in the 2nd 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 increased its stake in Welltower by 2.7% in the 2nd 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. 85.89% of the stock is currently owned by hedge funds and other institutional investors.

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A number of brokerages recently weighed in on HCN. BidaskClub raised 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. Royal Bank Of Canada reissued a “hold” rating and issued a $74.00 price target on shares of Welltower in a research note on Wednesday, September 6th. BMO Capital Markets reissued a “sell” rating and issued a $68.00 price target on shares of Welltower in a research note on Friday, July 28th. Finally, Bank of America Corporation cut Welltower to a “neutral” rating and dropped their price target for the stock from $78.00 to $77.00 in a research note on Friday, September 22nd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $72.43.

Welltower (NYSE:HCN) last announced its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.01. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. Welltower had a return on equity of 8.74% and a net margin of 28.94%. During the same period in the previous year, the business earned $0.54 EPS.

Welltower 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.

Institutional Ownership by Quarter for Welltower (NYSE:HCN)

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