Bank Of Hawaii Lowers stake in Welltower Inc (HCN)

Welltower Inc (HCN) : Bank Of Hawaii reduced its stake in Welltower Inc by 2.3% during the most recent quarter end. The investment management company now holds a total of 43,267 shares of Welltower Inc which is valued at $3,351,462 after selling 1,018 shares in Welltower Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Welltower Inc makes up approximately 0.35% of Bank Of Hawaii’s portfolio.

Other Hedge Funds, Including , Veritas Asset Management Llp boosted its stake in HCN in the latest quarter, The investment management firm added 100,000 additional shares and now holds a total of 528,300 shares of Welltower Inc which is valued at $40,922,118. Welltower Inc makes up approx 0.43% of Veritas Asset Management Llp’s portfolio. Terra Nova Asset Management sold out all of its stake in HCN during the most recent quarter. The investment firm sold 6,670 shares of HCN which is valued $515,991.W.g. Shaheen Associates Dba Whitney Co reduced its stake in HCN by selling 150 shares or 0.87% in the most recent quarter. The Hedge Fund company now holds 17,050 shares of HCN which is valued at $1,342,688. Welltower Inc makes up approx 0.53% of W.g. Shaheen Associates Dba Whitney Co’s portfolio.

Welltower Inc opened for trading at $77.46 and hit $77.75 on the upside on Thursday, eventually ending the session at $77.71, with a gain of 0.32% or 0.25 points. The heightened volatility saw the trading volume jump to 14,67,400 shares. Company has a market cap of $27,742 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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