Welltower Inc (HCN) : Stratos Wealth Partners Ltd. reduced its stake in Welltower Inc by 36.14% during the most recent quarter end. The investment management company now holds a total of 57,484 shares of Welltower Inc which is valued at $4,504,446 after selling 32,534 shares in Welltower Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Welltower Inc makes up approximately 0.32% of Stratos Wealth Partners Ltd.’s portfolio.
Other Hedge Funds, Including , State Of Tennessee Treasury Department boosted its stake in HCN in the latest quarter, The investment management firm added 24,557 additional shares and now holds a total of 78,934 shares of Welltower Inc which is valued at $6,185,268. Welltower Inc makes up approx 0.03% of State Of Tennessee Treasury Department’s portfolio.Laurel Wealth Advisors reduced its stake in HCN by selling 2 shares or 0.01% in the most recent quarter. The Hedge Fund company now holds 21,317 shares of HCN which is valued at $1,670,400. Welltower Inc makes up approx 0.79% of Laurel Wealth Advisors’s portfolio.Bard Associates Inc reduced its stake in HCN by selling 88 shares or 0.35% in the most recent quarter. The Hedge Fund company now holds 25,121 shares of HCN which is valued at $1,968,482. Welltower Inc makes up approx 0.98% of Bard Associates Inc’s portfolio.Raymond James Associates boosted its stake in HCN in the latest quarter, The investment management firm added 75,534 additional shares and now holds a total of 1,338,874 shares of Welltower Inc which is valued at $104,914,167. Welltower Inc makes up approx 0.32% of Raymond James Associates’s portfolio.Btr Capital Management Inc reduced its stake in HCN by selling 100 shares or 1.17% in the most recent quarter. The Hedge Fund company now holds 8,455 shares of HCN which is valued at $652,641. Welltower Inc makes up approx 0.15% of Btr Capital Management Inc’s portfolio.
Welltower Inc opened for trading at $76.09 and hit $77.34 on the upside on Monday, eventually ending the session at $76.96, with a gain of 1.56% or 1.18 points. The heightened volatility saw the trading volume jump to 14,85,491 shares. Company has a market cap of $27,545 M.
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.