Welltower Inc (HCN) : Lincluden Management Ltd reduced its stake in Welltower Inc by 57.31% during the most recent quarter end. The investment management company now holds a total of 22,190 shares of Welltower Inc which is valued at $1,514,911 after selling 29,790 shares in Welltower Inc , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Welltower Inc makes up approximately 0.24% of Lincluden Management Ltd’s portfolio.
Welltower Inc opened for trading at $69.24 and hit $69.92 on the upside on Wednesday, eventually ending the session at $69.8, with a gain of 0.58% or 0.4 points. The heightened volatility saw the trading volume jump to 17,00,173 shares. Company has a market cap of $24,789 M.
Other Hedge Funds, Including , Appleton Partners Incma sold out all of its stake in HCN during the most recent quarter. The investment firm sold 2,950 shares of HCN which is valued $201,397. Asset Advisors Corp sold out all of its stake in HCN during the most recent quarter. The investment firm sold 500 shares of HCN which is valued $34,135.New York State Teachers Retirement System reduced its stake in HCN by selling 7,982 shares or 1.18% in the most recent quarter. The Hedge Fund company now holds 668,232 shares of HCN which is valued at $45,620,199. Welltower Inc makes up approx 0.12% of New York State Teachers Retirement System’s portfolio.Catawba Capital Management Va boosted its stake in HCN in the latest quarter, The investment management firm added 3,600 additional shares and now holds a total of 44,804 shares of Welltower Inc which is valued at $3,116,118. Welltower Inc makes up approx 0.80% of Catawba Capital Management Va’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.