Schafer Cullen Capital Management Inc Lowers stake in Welltower Inc (HCN)

Welltower Inc (HCN) : Schafer Cullen Capital Management Inc reduced its stake in Welltower Inc by 3.3% during the most recent quarter end. The investment management company now holds a total of 2,086,657 shares of Welltower Inc which is valued at $149.8 Million after selling 71,253 shares in Welltower Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.Welltower Inc makes up approximately 1.83% of Schafer Cullen Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Carnick Kubik added HCN to its portfolio by purchasing 3,925 company shares during the most recent quarter which is valued at $281,697. Welltower Inc makes up approx 0.14% of Carnick Kubik’s portfolio.Comerica Bank boosted its stake in HCN in the latest quarter, The investment management firm added 368 additional shares and now holds a total of 108,145 shares of Welltower Inc which is valued at $7.8 Million. Welltower Inc makes up approx 0.07% of Comerica Bank’s portfolio.Alps Advisors Inc reduced its stake in HCN by selling 1,531 shares or 3.55% in the most recent quarter. The Hedge Fund company now holds 41,543 shares of HCN which is valued at $3 Million. Welltower Inc makes up approx 0.03% of Alps Advisors Inc’s portfolio.First Heartland Consultants boosted its stake in HCN in the latest quarter, The investment management firm added 23 additional shares and now holds a total of 3,898 shares of Welltower Inc which is valued at $279,759. Welltower Inc makes up approx 0.11% of First Heartland Consultants’s portfolio.

Welltower Inc opened for trading at $68.92 and hit $69.11 on the upside on Friday, eventually ending the session at $68.55, with a gain of 0.22% or 0.15 points. The heightened volatility saw the trading volume jump to 33,83,540 shares. Company has a market cap of $24,472,007 M.

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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