Telos Capital Management buys $1,801,390 stake in Welltower Inc (HCN)

Welltower Inc (HCN) : Telos Capital Management scooped up 321 additional shares in Welltower Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 23,169 shares of Welltower Inc which is valued at $1,801,390.Welltower Inc makes up approximately 0.84% of Telos Capital Management’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Investment Partners S.a. boosted its stake in HCN in the latest quarter, The investment management firm added 35,040 additional shares and now holds a total of 704,106 shares of Welltower Inc which is valued at $54,744,242. Welltower Inc makes up approx 0.46% of Bnp Paribas Investment Partners S.a.’s portfolio.Neuberger Berman Group reduced its stake in HCN by selling 112,301 shares or 16.5% in the most recent quarter. The Hedge Fund company now holds 568,368 shares of HCN which is valued at $43,411,948. Welltower Inc makes up approx 0.06% of Neuberger Berman Group’s portfolio. Hanlon Investment Management added HCN to its portfolio by purchasing 64,714 company shares during the most recent quarter which is valued at $5,012,746. Welltower Inc makes up approx 0.43% of Hanlon Investment Management’s portfolio. Quantitative Investment Management sold out all of its stake in HCN during the most recent quarter. The investment firm sold 67,400 shares of HCN which is valued $5,220,804.Oakbrook Investments boosted its stake in HCN in the latest quarter, The investment management firm added 2,600 additional shares and now holds a total of 21,879 shares of Welltower Inc which is valued at $1,722,971. Welltower Inc makes up approx 0.09% of Oakbrook Investments’s portfolio.

Welltower Inc closed down -0.61 points or -0.78% at $77.75 with 16,63,687 shares getting traded on Monday. Post opening the session at $78.46, the shares hit an intraday low of $77.68 and an intraday high of $78.71 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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 Canaccord Genuity on Aug 15, 2016 to “Buy”, Firm has raised the Price Target to $ 86 from a previous price target of $79 .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. 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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