Amica Mutual Insurance Co Lowers stake in Welltower Inc (HCN)

Welltower Inc (HCN) : Amica Mutual Insurance Co reduced its stake in Welltower Inc by 18.25% during the most recent quarter end. The investment management company now holds a total of 33,594 shares of Welltower Inc which is valued at $2,602,191 after selling 7,500 shares in Welltower Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Welltower Inc makes up approximately 0.24% of Amica Mutual Insurance Co’s portfolio.

Other Hedge Funds, Including , Garrison Bradford Associates Inc reduced its stake in HCN by selling 7,000 shares or 32.4% in the most recent quarter. The Hedge Fund company now holds 14,605 shares of HCN which is valued at $1,131,303. Welltower Inc makes up approx 1.07% of Garrison Bradford Associates Inc’s portfolio.Pggm Investments reduced its stake in HCN by selling 1,326,045 shares or 23.25% in the most recent quarter. The Hedge Fund company now holds 4,378,163 shares of HCN which is valued at $338,694,690. Welltower Inc makes up approx 1.68% of Pggm Investments’s portfolio. North Star Investment Management Corp. added HCN to its portfolio by purchasing 500 company shares during the most recent quarter which is valued at $38,475. Welltower Inc makes up approx 0.01% of North Star Investment Management Corp.’s portfolio.Kistler-tiffany Companies boosted its stake in HCN in the latest quarter, The investment management firm added 735 additional shares and now holds a total of 2,861 shares of Welltower Inc which is valued at $216,349. Welltower Inc makes up approx 0.11% of Kistler-tiffany Companies’s portfolio.

Welltower Inc opened for trading at $76.5 and hit $77.47 on the upside on Monday, eventually ending the session at $77.05, with a gain of 0.88% or 0.67 points. The heightened volatility saw the trading volume jump to 15,77,839 shares. Company has a market cap of $27,577 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 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 was Downgraded by Morgan Stanley to ” Equal-Weight” on Jun 22, 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.

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