D L Carlson Investment Group Inc Lowers stake in Welltower Inc (HCN)

Welltower Inc (HCN) : D L Carlson Investment Group Inc reduced its stake in Welltower Inc by 0.25% during the most recent quarter end. The investment management company now holds a total of 60,220 shares of Welltower Inc which is valued at $4,718,839 after selling 150 shares in Welltower Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Welltower Inc makes up approximately 1.61% of D L Carlson Investment Group Inc’s portfolio.

Other Hedge Funds, Including , Blackrock Japan Ltd boosted its stake in HCN in the latest quarter, The investment management firm added 1,060 additional shares and now holds a total of 472,353 shares of Welltower Inc which is valued at $37,013,581. Welltower Inc makes up approx 0.13% of Blackrock Japan Ltd’s portfolio.Rafferty Asset Management reduced its stake in HCN by selling 7,731 shares or 16.71% in the most recent quarter. The Hedge Fund company now holds 38,531 shares of HCN which is valued at $2,995,785. Welltower Inc makes up approx 0.19% of Rafferty Asset Management’s portfolio.Neuberger Berman Group reduced its stake in HCN by selling 112,301 shares or 16.5% in the most recent quarter. The Hedge Fund company now holds 568,368 shares of HCN which is valued at $43,411,948. Welltower Inc makes up approx 0.06% of Neuberger Berman Group’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.Shell Asset Management Co reduced its stake in HCN by selling 8,217 shares or 5.4% in the most recent quarter. The Hedge Fund company now holds 143,991 shares of HCN which is valued at $11,139,144. Welltower Inc makes up approx 0.26% of Shell Asset Management 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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