Cornerstone Real Estate Advisers buys $11 Million stake in Welltower Inc (HCN)

Welltower Inc (HCN) : Cornerstone Real Estate Advisers scooped up 25,474 additional shares in Welltower Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 152,982 shares of Welltower Inc which is valued at $11 Million.Welltower Inc makes up approximately 5.36% of Cornerstone Real Estate Advisers’s portfolio.

Other Hedge Funds, Including , Kemper Corp Master Retirement Trust reduced its stake in HCN by selling 75 shares or 0.45% in the most recent quarter. The Hedge Fund company now holds 16,693 shares of HCN which is valued at $1.2 Million. Welltower Inc makes up approx 0.62% of Kemper Corp Master Retirement Trust’s portfolio.United Capital Financial Advisers reduced its stake in HCN by selling 15,484 shares or 20.7% in the most recent quarter. The Hedge Fund company now holds 59,324 shares of HCN which is valued at $4.3 Million. Welltower Inc makes up approx 0.05% of United Capital Financial Advisers’s portfolio. Gsa Capital Partners Llp sold out all of its stake in HCN during the most recent quarter. The investment firm sold 4,036 shares of HCN which is valued $289,664.Penserra Capital Management boosted its stake in HCN in the latest quarter, The investment management firm added 441 additional shares and now holds a total of 2,382 shares of Welltower Inc which is valued at $170,956. Welltower Inc makes up approx 0.02% of Penserra Capital Management’s portfolio.Smithfield Trust Co boosted its stake in HCN in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 2,489 shares of Welltower Inc which is valued at $183,116. Welltower Inc makes up approx 0.04% of Smithfield Trust Co’s portfolio.

Welltower Inc closed down -0.08 points or -0.12% at $68.61 with 21,24,968 shares getting traded on Wednesday. Post opening the session at $68.8, the shares hit an intraday low of $67.52 and an intraday high of $68.96 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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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