Kelman Lazarov Inc. Raises Stake in Welltower Inc. (NYSE:HCN)

Kelman Lazarov Inc. boosted its stake in Welltower Inc. (NYSE:HCN) by 0.4% during the second quarter, Holdings Channel reports. The fund owned 13,325 shares of the real estate investment trust’s stock after buying an additional 50 shares during the period. Kelman Lazarov Inc.’s holdings in Welltower were worth $997,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in HCN. Trust Co. of Vermont boosted its stake in Welltower by 42.7% in the first quarter. Trust Co. of Vermont now owns 1,505 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 450 shares during the last quarter. Duncker Streett & Co. Inc. boosted its stake in Welltower by 47.6% in the first quarter. Duncker Streett & Co. Inc. now owns 1,584 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 511 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Welltower by 13.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,813 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 212 shares during the last quarter. Ledyard National Bank boosted its stake in Welltower by 42.7% in the first quarter. Ledyard National Bank now owns 1,820 shares of the real estate investment trust’s stock valued at $129,000 after buying an additional 545 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in Welltower during the first quarter valued at $129,000. 86.34% of the stock is owned by institutional investors and hedge funds.

Shares of Welltower Inc. (HCN) traded up 0.36% during trading on Wednesday, hitting $73.27. The stock had a trading volume of 158,753 shares. The company has a market cap of $26.83 billion, a PE ratio of 22.57 and a beta of 0.24. Welltower Inc. has a 1-year low of $59.39 and a 1-year high of $80.19. The firm’s 50 day moving average is $74.56 and its 200 day moving average is $70.75.

Welltower (NYSE:HCN) last posted its earnings results on Friday, May 5th. The real estate investment trust reported $1.05 EPS for the quarter, hitting analysts’ consensus estimates of $1.05. Welltower had a net margin of 29.10% and a return on equity of 8.94%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the firm posted $0.42 EPS. The firm’s revenue was up 1.4% on a year-over-year basis. Equities research analysts anticipate that Welltower Inc. will post $2.20 EPS for the current fiscal year.

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HCN has been the subject of several research reports. Canaccord Genuity reissued a “buy” rating and set a $86.00 price target on shares of Welltower in a report on Monday, May 15th. BidaskClub raised Welltower from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $72.00 price objective on shares of Welltower in a report on Monday, June 5th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $65.00 price objective on shares of Welltower in a report on Friday, May 12th. Finally, Zacks Investment Research raised Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, March 29th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. Welltower presently has a consensus rating of “Hold” and an average price target of $73.43.

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.

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Institutional Ownership by Quarter for Welltower (NYSE:HCN)

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