Welltower Inc (HCN) : Bridgewater Wealth Financial Management scooped up 699 additional shares in Welltower Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 33,050 shares of Welltower Inc which is valued at $2,560,053.Welltower Inc makes up approximately 0.91% of Bridgewater Wealth Financial Management’s portfolio.
Other Hedge Funds, Including , Appleton Partners Incma added HCN to its portfolio by purchasing 2,725 company shares during the most recent quarter which is valued at $211,079. Welltower Inc makes up approx 0.04% of Appleton Partners Incma’s portfolio.Tradewinds Capital Management boosted its stake in HCN in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 470 shares of Welltower Inc which is valued at $37,285. Welltower Inc makes up approx 0.03% of Tradewinds Capital Management’s portfolio.Charter Trust Co boosted its stake in HCN in the latest quarter, The investment management firm added 520 additional shares and now holds a total of 3,581 shares of Welltower Inc which is valued at $277,921. Welltower Inc makes up approx 0.03% of Charter Trust Co’s portfolio. Gwm Advisors added HCN to its portfolio by purchasing 14,830 company shares during the most recent quarter which is valued at $1,144,728. Welltower Inc makes up approx 0.47% of Gwm Advisors’s portfolio.Laurel Wealth Advisors reduced its stake in HCN by selling 155 shares or 0.72% in the most recent quarter. The Hedge Fund company now holds 21,319 shares of HCN which is valued at $1,612,143. Welltower Inc makes up approx 0.79% of Laurel Wealth Advisors’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.