Beech Hill Advisors Lowers stake in Welltower Inc (HCN)

Welltower Inc (HCN) : Beech Hill Advisors reduced its stake in Welltower Inc by 2.39% during the most recent quarter end. The investment management company now holds a total of 91,930 shares of Welltower Inc which is valued at $6,276,061 after selling 2,250 shares in Welltower Inc , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Welltower Inc makes up approximately 4.86% of Beech Hill Advisors’s portfolio.

Welltower Inc opened for trading at $67 and hit $68.56 on the upside on Friday, eventually ending the session at $68.27, with a gain of 2.48% or 1.65 points. The heightened volatility saw the trading volume jump to 20,99,959 shares. Company has a market cap of $24,245 M.

Other Hedge Funds, Including , First Citizens Bank Trust Co reduced its stake in HCN by selling 321 shares or 6.94% in the most recent quarter. The Hedge Fund company now holds 4,305 shares of HCN which is valued at $293,902. Welltower Inc makes up approx 0.02% of First Citizens Bank Trust Co’s portfolio. Tnb Financial added HCN to its portfolio by purchasing 5,583 company shares during the most recent quarter which is valued at $389,749. Welltower Inc makes up approx 0.12% of Tnb Financial’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in HCN in the latest quarter, The investment management firm added 10,732 additional shares and now holds a total of 81,547 shares of Welltower Inc which is valued at $5,692,796. Welltower Inc makes up approx 0.13% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.

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 Feb 18, 2016. Analyst had a consensus of $1.12. The company had revenue of $1029.50 million for the quarter, compared to analysts expectations of $988.50 million. The company’s revenue was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS.

Many Wall Street Analysts have commented on Welltower Inc. RBC Capital Mkts Downgraded Welltower Inc on Apr 1, 2016 to ” Sector Perform”, Price Target of the shares are set at $70.Shares were Reiterated by RBC Capital Mkts on Feb 22, 2016 to “Outperform” and Lowered the Price Target to $ 70 from a previous price target of $73 .Shares were Reiterated by Mizuho on Feb 19, 2016 to “Neutral” and Lowered the Price Target to $ 60 from a previous price target of $66 .

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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