Beacon Investment Advisory Services Lowers stake in Welltower Inc (HCN)

Welltower Inc (HCN) : Beacon Investment Advisory Services reduced its stake in Welltower Inc by 0.33% during the most recent quarter end. The investment management company now holds a total of 6,054 shares of Welltower Inc which is valued at $470,699 after selling 20 shares in Welltower Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Welltower Inc makes up approximately 0.01% of Beacon Investment Advisory Services’s portfolio.

Other Hedge Funds, Including , Private Advisor Group boosted its stake in HCN in the latest quarter, The investment management firm added 9,359 additional shares and now holds a total of 64,720 shares of Welltower Inc which is valued at $4,986,676. Welltower Inc makes up approx 0.20% of Private Advisor Group’s portfolio.Dekabank Deutsche Girozentrale boosted its stake in HCN in the latest quarter, The investment management firm added 1,092 additional shares and now holds a total of 13,312 shares of Welltower Inc which is valued at $1,016,771. Welltower Inc makes up approx 0.01% of Dekabank Deutsche Girozentrale’s portfolio.American Century Companies Inc boosted its stake in HCN in the latest quarter, The investment management firm added 213,467 additional shares and now holds a total of 796,699 shares of Welltower Inc which is valued at $61,632,635. Welltower Inc makes up approx 0.07% of American Century Companies Inc’s portfolio.Tnb Financial boosted its stake in HCN in the latest quarter, The investment management firm added 480 additional shares and now holds a total of 6,063 shares of Welltower Inc which is valued at $470,549. Welltower Inc makes up approx 0.12% of Tnb Financial’s portfolio.Hexavest reduced its stake in HCN by selling 33,485 shares or 4.74% in the most recent quarter. The Hedge Fund company now holds 672,946 shares of HCN which is valued at $51,944,702. Welltower Inc makes up approx 0.77% of Hexavest’s portfolio.

Welltower Inc opened for trading at $76.85 and hit $77.26 on the upside on Wednesday, eventually ending the session at $77, with a gain of 0.43% or 0.33 points. The heightened volatility saw the trading volume jump to 19,99,248 shares. Company has a market cap of $27,559 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 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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