Hengehold Capital Management Lowers stake in Welltower Inc (HCN)

Welltower Inc (HCN) : Hengehold Capital Management reduced its stake in Welltower Inc by 4.59% during the most recent quarter end. The investment management company now holds a total of 28,070 shares of Welltower Inc which is valued at $2,178,513 after selling 1,350 shares in Welltower Inc , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.Welltower Inc makes up approximately 0.69% of Hengehold Capital Management’s portfolio.

Other Hedge Funds, Including , Capital Advisors Ltd. added HCN to its portfolio by purchasing 475 company shares during the most recent quarter which is valued at $36,551. Welltower Inc makes up approx 0.02% of Capital Advisors Ltd.’s portfolio.Foundry Partners reduced its stake in HCN by selling 43,202 shares or 59.11% in the most recent quarter. The Hedge Fund company now holds 29,891 shares of HCN which is valued at $2,300,112. Welltower Inc makes up approx 0.22% of Foundry Partners’s portfolio.Chevy Chase Trust Holdings boosted its stake in HCN in the latest quarter, The investment management firm added 2,853 additional shares and now holds a total of 332,045 shares of Welltower Inc which is valued at $25,109,243. Welltower Inc makes up approx 0.14% of Chevy Chase Trust Holdings’s portfolio. Iowa State Bank added HCN to its portfolio by purchasing 231 company shares during the most recent quarter which is valued at $17,468. Welltower Inc makes up approx 0.01% of Iowa State Bank’s portfolio.

Welltower Inc opened for trading at $77.48 and hit $77.63 on the upside on Wednesday, eventually ending the session at $77.61, with a gain of 0.06% or 0.05 points. The heightened volatility saw the trading volume jump to 10,59,954 shares. Company has a market cap of $27,706 M.

On the company’s financial health, Welltower Inc reported $1.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 3, 2016. Analyst had a consensus of $1.12. The company had revenue of $1047.10 million for the quarter, compared to analysts expectations of $1033.07 million. The company’s revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 EPS.

Many Wall Street Analysts have commented on Welltower Inc. Welltower Inc was Downgraded by Morgan Stanley to ” Equal-Weight” on Jun 22, 2016. Company shares were Reiterated by Stifel on May 4, 2016 to “Buy”, Firm has raised the Price Target to $ 76 from a previous price target of $73 .

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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