Creegan Nassoura Financial Group Lowers stake in Welltower Inc (HCN)

Welltower Inc (HCN) : Creegan Nassoura Financial Group reduced its stake in Welltower Inc by 4.01% during the most recent quarter end. The investment management company now holds a total of 21,474 shares of Welltower Inc which is valued at $1,682,703 after selling 897 shares in Welltower Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Welltower Inc makes up approximately 1.93% of Creegan Nassoura Financial Group’s portfolio.

Other Hedge Funds, Including , Qs Investors boosted its stake in HCN in the latest quarter, The investment management firm added 615 additional shares and now holds a total of 7,755 shares of Welltower Inc which is valued at $607,682. Welltower Inc makes up approx 0.01% of Qs Investors’s portfolio.Reynders Mcveigh Capital Management boosted its stake in HCN in the latest quarter, The investment management firm added 7 additional shares and now holds a total of 9,122 shares of Welltower Inc which is valued at $696,738. Welltower Inc makes up approx 0.10% of Reynders Mcveigh Capital Management’s portfolio. Goodwin Daniel L sold out all of its stake in HCN during the most recent quarter. The investment firm sold 25,650 shares of HCN which is valued $2,034,815.Ibm Retirement Fund boosted its stake in HCN in the latest quarter, The investment management firm added 1,362 additional shares and now holds a total of 46,846 shares of Welltower Inc which is valued at $3,689,123. Welltower Inc makes up approx 0.13% of Ibm Retirement Fund’s portfolio.

Welltower Inc closed down -0.32 points or -0.42% at $76.43 with 12,63,052 shares getting traded on Thursday. Post opening the session at $76.75, the shares hit an intraday low of $75.98 and an intraday high of $76.79 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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