Garrison Bradford Associates Inc Lowers stake in Welltower Inc (HCN)

Welltower Inc (HCN) : Garrison Bradford Associates Inc reduced its stake in Welltower Inc by 32.4% during the most recent quarter end. The investment management company now holds a total of 14,605 shares of Welltower Inc which is valued at $1,131,303 after selling 7,000 shares in Welltower Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Welltower Inc makes up approximately 1.07% of Garrison Bradford Associates Inc’s portfolio.

Other Hedge Funds, Including , Amica Mutual Insurance Co reduced its stake in HCN by selling 7,500 shares or 18.25% in the most recent quarter. The Hedge Fund company now holds 33,594 shares of HCN which is valued at $2,602,191. Welltower Inc makes up approx 0.24% of Amica Mutual Insurance Co’s portfolio.Anchor Capital Advisors boosted its stake in HCN in the latest quarter, The investment management firm added 91,615 additional shares and now holds a total of 926,379 shares of Welltower Inc which is valued at $71,757,317. Welltower Inc makes up approx 1.84% of Anchor Capital Advisors’s portfolio.Green Street Investors boosted its stake in HCN in the latest quarter, The investment management firm added 20,200 additional shares and now holds a total of 179,000 shares of Welltower Inc which is valued at $14,200,070. Welltower Inc makes up approx 11.23% of Green Street Investors’s portfolio.

Welltower Inc opened for trading at $76.5 and hit $77.47 on the upside on Monday, eventually ending the session at $77.05, with a gain of 0.88% or 0.67 points. The heightened volatility saw the trading volume jump to 15,77,839 shares. Company has a market cap of $27,577 M.

On the company’s financial health, Welltower Inc reported $1.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $1.14. The company had revenue of $1076.70 million for the quarter, compared to analysts expectations of $1053.45 million. The company’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS.

Many Wall Street Analysts have commented on Welltower Inc. Company shares were Reiterated by RBC Capital Mkts on Aug 4, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 77 from a previous price target of $72 .Welltower Inc was Downgraded by Hilliard Lyons to ” Underperform” on Aug 2, 2016. Welltower Inc was Downgraded by Morgan Stanley to ” Equal-Weight” on Jun 22, 2016.

Welltower Inc. formerly Health Care REIT Inc. is a real estate investment trust (REIT). The Company’s portfolio has range of seniors housing and healthcare real estate including seniors housing communities nursing/post-acute facilities medical office buildings inpatient and outpatient medical centers and life science facilities. The Company operates in three segments: seniors housing triple-net seniors housing operating and medical facilities. Its properties consist of land building improvements and related rights. The Company’s hospitals and seniors housing triple-net properties are leased to operators under long-term operating leases. Its medical office building portfolio is primarily self-managed and consists principally of multi-tenant properties leased to health care providers.

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