Duff Phelps Investment Management Co Lowers stake in Welltower Inc (HCN)

Welltower Inc (HCN) : Duff Phelps Investment Management Co reduced its stake in Welltower Inc by 15.74% during the most recent quarter end. The investment management company now holds a total of 431,899 shares of Welltower Inc which is valued at $29,986,748 after selling 80,667 shares in Welltower Inc , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Welltower Inc makes up approximately 0.43% of Duff Phelps Investment Management Co’s portfolio.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in HCN in the latest quarter, The investment management firm added 3,049 additional shares and now holds a total of 85,355 shares of Welltower Inc which is valued at $5,926,198. Welltower Inc makes up approx 0.13% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Legal General Group Plc boosted its stake in HCN in the latest quarter, The investment management firm added 58,806 additional shares and now holds a total of 2,461,125 shares of Welltower Inc which is valued at $169,177,733. Welltower Inc makes up approx 0.17% of Legal General Group Plc’s portfolio.Lgt Capital Partners Ltd. boosted its stake in HCN in the latest quarter, The investment management firm added 35,520 additional shares and now holds a total of 258,965 shares of Welltower Inc which is valued at $18,073,167. Welltower Inc makes up approx 2.55% of Lgt Capital Partners Ltd.’s portfolio.Private Asset Management Inc reduced its stake in HCN by selling 2,150 shares or 4.24% in the most recent quarter. The Hedge Fund company now holds 48,580 shares of HCN which is valued at $3,419,060. Welltower Inc makes up approx 0.58% of Private Asset Management Inc’s portfolio.

Welltower Inc closed down -0.46 points or -0.66% at $69.43 with 15,08,602 shares getting traded on Friday. Post opening the session at $70.69, the shares hit an intraday low of $68.9055 and an intraday high of $70.69 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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