Green Street Investors adds Welltower Inc (HCN) to its portfolio

Welltower Inc (HCN) : Green Street Investors added new position in Welltower Inc during the most recent quarter end. The investment management firm now holds 158,800 shares of Welltower Inc which is valued at $11,023,896 , the company said in a statement filed on Apr 25, 2016 with the SEC.Welltower Inc makes up approximately 9.90% of Green Street Investors’s portfolio.

Welltower Inc opened for trading at $69.68 and hit $70.56 on the upside on Monday, eventually ending the session at $70.28, with a gain of 1.24% or 0.86 points. The heightened volatility saw the trading volume jump to 17,87,647 shares. Company has a market cap of $24,959 M.

Other Hedge Funds, Including , Ferguson Wellman Capital Management Inc reduced its stake in HCN by selling 29,807 shares or 77.29% in the most recent quarter. The Hedge Fund company now holds 8,759 shares of HCN which is valued at $597,977. Welltower Inc makes up approx 0.02% of Ferguson Wellman Capital Management Inc’s portfolio.Brookstone Capital Management reduced its stake in HCN by selling 416 shares or 10.99% in the most recent quarter. The Hedge Fund company now holds 3,368 shares of HCN which is valued at $235,120. Welltower Inc makes up approx 0.04% of Brookstone Capital Management’s portfolio.Monroe Bank Trustmi reduced its stake in HCN by selling 589 shares or 16.05% in the most recent quarter. The Hedge Fund company now holds 3,081 shares of HCN which is valued at $215,085. Welltower Inc makes up approx 0.07% of Monroe Bank Trustmi’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.

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