Advisors Management Group Inc Adv buys $4.5 Million stake in Welltower Inc (HCN)

Welltower Inc (HCN) : Advisors Management Group Inc Adv scooped up 1,768 additional shares in Welltower Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 62,438 shares of Welltower Inc which is valued at $4.5 Million.Welltower Inc makes up approximately 3.26% of Advisors Management Group Inc Adv’s portfolio.

Other Hedge Funds, Including , Gareth Morgan Investments Limited Partnership reduced its stake in HCN by selling 8,573 shares or 6.53% in the most recent quarter. The Hedge Fund company now holds 122,795 shares of HCN which is valued at $8.8 Million. Welltower Inc makes up approx 0.91% of Gareth Morgan Investments Limited Partnership’s portfolio.Teachers Insurance Annuity Association Of America boosted its stake in HCN in the latest quarter, The investment management firm added 2,892 additional shares and now holds a total of 383,049 shares of Welltower Inc which is valued at $27.5 Million. Welltower Inc makes up approx 1.26% of Teachers Insurance Annuity Association Of America’s portfolio.Neuberger Berman Group boosted its stake in HCN in the latest quarter, The investment management firm added 21,461 additional shares and now holds a total of 680,669 shares of Welltower Inc which is valued at $50.1 Million. Welltower Inc makes up approx 0.07% of Neuberger Berman Group’s portfolio. Ifc Holdings Incorporatedfl sold out all of its stake in HCN during the most recent quarter. The investment firm sold 3,321 shares of HCN which is valued $244,326. Alerus Investment Advisors Corp added HCN to its portfolio by purchasing 18 company shares during the most recent quarter which is valued at $1,324.

Welltower Inc opened for trading at $71.75 and hit $73.18 on the upside on Monday, eventually ending the session at $72.64, with a gain of 1.21% or 0.87 points. The heightened volatility saw the trading volume jump to 13,97,037 shares. Company has a market cap of $25,932 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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