Focused Wealth Management Inc Lowers stake in Welltower Inc (HCN)

Welltower Inc (HCN) : Focused Wealth Management Inc reduced its stake in Welltower Inc by 0.28% during the most recent quarter end. The investment management company now holds a total of 8,305 shares of Welltower Inc which is valued at $650,780 after selling 23 shares in Welltower Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Welltower Inc makes up approximately 0.29% of Focused Wealth Management Inc’s portfolio.

Other Hedge Funds, Including , Edmond De Rothschild (suisse) S.a. sold out all of its stake in HCN during the most recent quarter. The investment firm sold 250 shares of HCN which is valued $19,590.Amica Mutual Insurance Co reduced its stake in HCN by selling 7,500 shares or 18.25% in the most recent quarter. The Hedge Fund company now holds 33,594 shares of HCN which is valued at $2,602,191. Welltower Inc makes up approx 0.24% of Amica Mutual Insurance Co’s portfolio. Ftb Advisors added HCN to its portfolio by purchasing 503 company shares during the most recent quarter which is valued at $39,903. Welltower Inc makes up approx 0.01% of Ftb Advisors’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in HCN by selling 1,443 shares or 1.82% in the most recent quarter. The Hedge Fund company now holds 77,983 shares of HCN which is valued at $6,186,391. Welltower Inc makes up approx 0.05% of Public Employees Retirement Association Of Colorado’s portfolio.First Citizens Bank Trust Co reduced its stake in HCN by selling 281 shares or 6.53% in the most recent quarter. The Hedge Fund company now holds 4,024 shares of HCN which is valued at $319,224. Welltower Inc makes up approx 0.03% of First Citizens Bank Trust 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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