Welltower Inc (HCN) : Presima added new position in Welltower Inc during the most recent quarter end. The investment management firm now holds 635,700 shares of Welltower Inc which is valued at $46,768,449 , the company said in a statement filed on May 2, 2016 with the SEC.Welltower Inc makes up approximately 7.31% of Presima’s portfolio.
Welltower Inc opened for trading at $72.84 and hit $73.95 on the upside on Friday, eventually ending the session at $73.57, with a gain of 0.96% or 0.7 points. The heightened volatility saw the trading volume jump to 23,48,033 shares. Company has a market cap of $26,264 M.
Other Hedge Funds, Including , Ntv Asset Management reduced its stake in HCN by selling 150 shares or 0.52% in the most recent quarter. The Hedge Fund company now holds 28,710 shares of HCN which is valued at $2,112,195. Welltower Inc makes up approx 0.81% of Ntv Asset Management’s portfolio.Ingalls Snyder boosted its stake in HCN in the latest quarter, The investment management firm added 2,450 additional shares and now holds a total of 21,350 shares of Welltower Inc which is valued at $1,482,117. Welltower Inc makes up approx 0.09% of Ingalls Snyder’s portfolio. Strs Ohio sold out all of its stake in HCN during the most recent quarter. The investment firm sold 577,908 shares of HCN which is valued $39,453,779. Windward Capital Management Co Ca added HCN to its portfolio by purchasing 3,556 company shares during the most recent quarter which is valued at $242,768. Welltower Inc makes up approx 0.05% of Windward Capital Management Co Ca’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 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.