Mizuho Asset Managementltd. buys $5,326,129 stake in Welltower Inc (HCN)

Welltower Inc (HCN) : Mizuho Asset Managementltd. scooped up 22,364 additional shares in Welltower Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 67,970 shares of Welltower Inc which is valued at $5,326,129.Welltower Inc makes up approximately 0.94% of Mizuho Asset Managementltd.’s portfolio.

Other Hedge Funds, Including , Highpoint Advisor Group boosted its stake in HCN in the latest quarter, The investment management firm added 1,176 additional shares and now holds a total of 6,764 shares of Welltower Inc which is valued at $530,027. Welltower Inc makes up approx 0.19% of Highpoint Advisor Group’s portfolio.Sandy Spring Bank boosted its stake in HCN in the latest quarter, The investment management firm added 338 additional shares and now holds a total of 1,008 shares of Welltower Inc which is valued at $77,666. Welltower Inc makes up approx 0.01% of Sandy Spring Bank’s portfolio.Evercore Wealth Management boosted its stake in HCN in the latest quarter, The investment management firm added 172 additional shares and now holds a total of 3,302 shares of Welltower Inc which is valued at $255,773. Welltower Inc makes up approx 0.01% of Evercore Wealth Management’s portfolio.Checchi Capital Advisers boosted its stake in HCN in the latest quarter, The investment management firm added 165 additional shares and now holds a total of 4,665 shares of Welltower Inc which is valued at $367,369. Welltower Inc makes up approx 0.09% of Checchi Capital Advisers’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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