Madden Advisory Services Lowers stake in Welltower Inc (HCN)

Welltower Inc (HCN) : Madden Advisory Services reduced its stake in Welltower Inc by 12.88% during the most recent quarter end. The investment management company now holds a total of 49,396 shares of Welltower Inc which is valued at $3,545,151 after selling 7,305 shares in Welltower Inc , the firm said in a disclosure report filed with the SEC on May 10, 2016.Welltower Inc makes up approximately 2.31% of Madden Advisory Services’s portfolio.

Other Hedge Funds, Including , Blackrock Advisors boosted its stake in HCN in the latest quarter, The investment management firm added 74,138 additional shares and now holds a total of 494,027 shares of Welltower Inc which is valued at $35,456,318. Welltower Inc makes up approx 0.04% of Blackrock Advisors’s portfolio.Bollard Group boosted its stake in HCN in the latest quarter, The investment management firm added 510 additional shares and now holds a total of 35,801 shares of Welltower Inc which is valued at $2,569,438. Welltower Inc makes up approx 0.21% of Bollard Group’s portfolio.Proshare Advisors reduced its stake in HCN by selling 41,074 shares or 20.44% in the most recent quarter. The Hedge Fund company now holds 159,884 shares of HCN which is valued at $11,762,666. Welltower Inc makes up approx 0.16% of Proshare Advisors’s portfolio. Thompson Davis sold out all of its stake in HCN during the most recent quarter. The investment firm sold 41 shares of HCN which is valued $3,016.

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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