Advantus Capital Management Inc buys $54,447,665 stake in Welltower Inc (HCN)

Welltower Inc (HCN) : Advantus Capital Management Inc scooped up 125,406 additional shares in Welltower Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 9, 2016. The investment management firm now holds a total of 758,641 shares of Welltower Inc which is valued at $54,447,665.Welltower Inc makes up approximately 1.62% of Advantus Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Retirement Systems Of Alabama reduced its stake in HCN by selling 3,812 shares or 2.08% in the most recent quarter. The Hedge Fund company now holds 179,703 shares of HCN which is valued at $12,474,982. Welltower Inc makes up approx 0.07% of Retirement Systems Of Alabama’s portfolio.Investment Centers Of America Inc boosted its stake in HCN in the latest quarter, The investment management firm added 4,765 additional shares and now holds a total of 37,219 shares of Welltower Inc which is valued at $2,583,743. Welltower Inc makes up approx 0.29% of Investment Centers Of America Inc’s portfolio.Oppenheimer Co Inc boosted its stake in HCN in the latest quarter, The investment management firm added 1,065 additional shares and now holds a total of 27,628 shares of Welltower Inc which is valued at $1,917,936. Welltower Inc makes up approx 0.06% of Oppenheimer Co Inc’s portfolio.

Welltower Inc closed down -0.32 points or -0.44% at $71.77 with 16,74,053 shares getting traded on Friday. Post opening the session at $71.95, the shares hit an intraday low of $71.11 and an intraday high of $72.029 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 $1.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 3, 2016. Analyst had a consensus of $1.12. The company had revenue of $1047.10 million for the quarter, compared to analysts expectations of $1033.07 million. The company’s revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 EPS.

Many Wall Street Analysts have commented on Welltower Inc. Company shares were Reiterated by Stifel on May 4, 2016 to “Buy”, Firm has raised the Price Target to $ 76 from a previous price target of $73 .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 .

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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