Welltower Inc (HCN) : Terra Nova Asset Management added new position in Welltower Inc during the most recent quarter end. The investment management firm now holds 7,585 shares of Welltower Inc which is valued at $521,393 , the company said in a statement filed on Oct 12, 2016 with the SEC.Welltower Inc makes up approximately 1.16% of Terra Nova Asset Management’s portfolio.
Other Hedge Funds, Including , Kelman-lazarov added HCN to its portfolio by purchasing 8,710 company shares during the most recent quarter which is valued at $607,871. Welltower Inc makes up approx 0.35% of Kelman-lazarov’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in HCN by selling 1,020 shares or 1.1% in the most recent quarter. The Hedge Fund company now holds 91,388 shares of HCN which is valued at $6,355,122. Welltower Inc makes up approx 0.13% of Exxonmobil Investment Management Inc Tx’s portfolio. Telemus Capital added HCN to its portfolio by purchasing 4,080 company shares during the most recent quarter which is valued at $287,150. Welltower Inc makes up approx 0.03% of Telemus Capital’s portfolio.Eqis Capital Management boosted its stake in HCN in the latest quarter, The investment management firm added 95 additional shares and now holds a total of 11,717 shares of Welltower Inc which is valued at $824,642. Welltower Inc makes up approx 0.05% of Eqis Capital Management’s portfolio.
Welltower Inc closed down -1.05 points or -1.50% at $68.74 with 17,75,646 shares getting traded on Tuesday. Post opening the session at $69.59, the shares hit an intraday low of $68.64 and an intraday high of $69.98 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.