Advantus Capital Management Inc buys $59,701,779 stake in Welltower Inc (HCN)

Welltower Inc (HCN) : Advantus Capital Management Inc scooped up 3,250 additional shares in Welltower Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 761,891 shares of Welltower Inc which is valued at $59,701,779.Welltower Inc makes up approximately 1.67% of Advantus Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Parsons Capital Management Incri reduced its stake in HCN by selling 30 shares or 0.28% in the most recent quarter. The Hedge Fund company now holds 10,592 shares of HCN which is valued at $829,989. Welltower Inc makes up approx 0.11% of Parsons Capital Management Incri’s portfolio. Sii Investments Incwi sold out all of its stake in HCN during the most recent quarter. The investment firm sold 4,040 shares of HCN which is valued $311,282.Wesbanco Bank Inc reduced its stake in HCN by selling 402 shares or 1.38% in the most recent quarter. The Hedge Fund company now holds 28,816 shares of HCN which is valued at $2,240,444. Welltower Inc makes up approx 0.13% of Wesbanco Bank Inc’s portfolio.Signaturefd boosted its stake in HCN in the latest quarter, The investment management firm added 43 additional shares and now holds a total of 77 shares of Welltower Inc which is valued at $6,108. Pennsylvania Trust Co added HCN to its portfolio by purchasing 2,654 company shares during the most recent quarter which is valued at $205,977. Welltower Inc makes up approx 0.02% of Pennsylvania Trust Co’s portfolio.

Welltower Inc closed down -0.63 points or -0.82% at $76.26 with 17,74,190 shares getting traded on Friday. Post opening the session at $76.64, the shares hit an intraday low of $76.0749 and an intraday high of $76.9218 and the price fluctuated in this range throughout the day.Shares ended Friday 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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