Catawba Capital Management Va Lowers stake in Welltower Inc (HCN)

Welltower Inc (HCN) : Catawba Capital Management Va reduced its stake in Welltower Inc by 2.15% during the most recent quarter end. The investment management company now holds a total of 47,754 shares of Welltower Inc which is valued at $3,320,813 after selling 1,050 shares in Welltower Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Welltower Inc makes up approximately 0.80% of Catawba Capital Management Va’s portfolio.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in HCN in the latest quarter, The investment management firm added 756 additional shares and now holds a total of 1,690 shares of Welltower Inc which is valued at $117,523. Welltower Inc makes up approx 0.02% of Advisory Services Network’s portfolio.Mcqueen Ball Associates boosted its stake in HCN in the latest quarter, The investment management firm added 138 additional shares and now holds a total of 23,314 shares of Welltower Inc which is valued at $1,640,839. Welltower Inc makes up approx 1.12% of Mcqueen Ball Associates’s portfolio.Chevy Chase Trust Holdings reduced its stake in HCN by selling 6,448 shares or 1.94% in the most recent quarter. The Hedge Fund company now holds 325,597 shares of HCN which is valued at $22,915,517. Welltower Inc makes up approx 0.13% of Chevy Chase Trust Holdings’s portfolio.Washington Trust Bank boosted its stake in HCN in the latest quarter, The investment management firm added 3,554 additional shares and now holds a total of 5,052 shares of Welltower Inc which is valued at $355,560. Welltower Inc makes up approx 0.09% of Washington Trust Bank’s portfolio.Beacon Financial Group boosted its stake in HCN in the latest quarter, The investment management firm added 305 additional shares and now holds a total of 69,765 shares of Welltower Inc which is valued at $4,910,061. Welltower Inc makes up approx 1.03% of Beacon Financial Group’s portfolio.

Welltower Inc closed down -0.79 points or -1.12% at $69.54 with 27,49,918 shares getting traded on Friday. Post opening the session at $70.71, the shares hit an intraday low of $69.26 and an intraday high of $71.49 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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