Welltower Inc (HCN) : Suncoast Equity Management added new position in Welltower Inc during the most recent quarter end. The investment management firm now holds 6,005 shares of Welltower Inc which is valued at $470,552 , the company said in a statement filed on Aug 11, 2016 with the SEC.Welltower Inc makes up approximately 0.14% of Suncoast Equity Management’s portfolio.
Other Hedge Funds, Including , United Services Automobile Association reduced its stake in HCN by selling 8,334 shares or 1.29% in the most recent quarter. The Hedge Fund company now holds 635,803 shares of HCN which is valued at $49,821,523. Welltower Inc makes up approx 0.17% of United Services Automobile Association’s portfolio.Advisors Asset Management reduced its stake in HCN by selling 7,345 shares or 4.72% in the most recent quarter. The Hedge Fund company now holds 148,388 shares of HCN which is valued at $11,537,167. Welltower Inc makes up approx 0.18% of Advisors Asset Management’s portfolio. Quantitative Systematic Strategies added HCN to its portfolio by purchasing 11,755 company shares during the most recent quarter which is valued at $932,524. Welltower Inc makes up approx 0.40% of Quantitative Systematic Strategies’s portfolio.Conning boosted its stake in HCN in the latest quarter, The investment management firm added 20 additional shares and now holds a total of 8,148 shares of Welltower Inc which is valued at $630,329. Welltower Inc makes up approx 0.03% of Conning’s portfolio.Wendell David Associates Inc boosted its stake in HCN in the latest quarter, The investment management firm added 850 additional shares and now holds a total of 19,200 shares of Welltower Inc which is valued at $1,490,112. Welltower Inc makes up approx 0.29% of Wendell David Associates Inc’s portfolio.
Welltower Inc opened for trading at $76.98 and hit $77.11 on the upside on Tuesday, eventually ending the session at $76.91, with a gain of 0.35% or 0.27 points. The heightened volatility saw the trading volume jump to 11,78,545 shares. Company has a market cap of $27,527 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.