Fiduciary Financial Services Of The Southwest Inc Tx buys $7 Million stake in Welltower Inc (HCN)

Welltower Inc (HCN) : Fiduciary Financial Services Of The Southwest Inc Tx scooped up 2,581 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 97,929 shares of Welltower Inc which is valued at $7 Million.Welltower Inc makes up approximately 2.45% of Fiduciary Financial Services Of The Southwest Inc Tx’s portfolio.

Other Hedge Funds, Including , Pittenger Anderson Inc boosted its stake in HCN in the latest quarter, The investment management firm added 785 additional shares and now holds a total of 53,665 shares of Welltower Inc which is valued at $3.9 Million. Welltower Inc makes up approx 0.45% of Pittenger Anderson Inc’s portfolio.Mosaic Family Wealth reduced its stake in HCN by selling 700 shares or 41.18% in the most recent quarter. The Hedge Fund company now holds 1,000 shares of HCN which is valued at $71,770. Welltower Inc makes up approx 0.03% of Mosaic Family Wealth’s portfolio.Canada Pension Plan Investment Board boosted its stake in HCN in the latest quarter, The investment management firm added 113,400 additional shares and now holds a total of 176,910 shares of Welltower Inc which is valued at $12.7 Million. Welltower Inc makes up approx 0.05% of Canada Pension Plan Investment Board’s portfolio. Hgk Asset Management Inc added HCN to its portfolio by purchasing 212,190 company shares during the most recent quarter which is valued at $14.7 Million. Welltower Inc makes up approx 1.41% of Hgk Asset Management Inc’s portfolio.Great West Life Assurance Co Can boosted its stake in HCN in the latest quarter, The investment management firm added 35,918 additional shares and now holds a total of 289,754 shares of Welltower Inc which is valued at $20.1 Million. Welltower Inc makes up approx 0.07% of Great West Life Assurance Co Can’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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