Welltower Inc (HCN) : Security Capital Research Management Inc scooped up 83,389 additional shares in Welltower Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 2,420,069 shares of Welltower Inc which is valued at $173.7 Million.Welltower Inc makes up approximately 5.46% of Security Capital Research Management Inc’s portfolio.
Other Hedge Funds, Including , Bard Associates Inc reduced its stake in HCN by selling 281 shares or 1.1% in the most recent quarter. The Hedge Fund company now holds 25,209 shares of HCN which is valued at $1.8 Million. Welltower Inc makes up approx 1.00% of Bard Associates Inc’s portfolio.Pioneer Investment Management Inc reduced its stake in HCN by selling 7,400 shares or 5.04% in the most recent quarter. The Hedge Fund company now holds 139,400 shares of HCN which is valued at $10 Million. Welltower Inc makes up approx 0.04% of Pioneer Investment Management Inc’s portfolio. Waratah Capital Advisors Ltd. sold out all of its stake in HCN during the most recent quarter. The investment firm sold 3,150 shares of HCN which is valued $231,746. Sii Investments Incwi added HCN to its portfolio by purchasing 4,040 company shares during the most recent quarter which is valued at $280,457. Welltower Inc makes up approx 0.03% of Sii Investments Incwi’s portfolio.
Welltower Inc opened for trading at $68.92 and hit $69.11 on the upside on Friday, eventually ending the session at $68.55, with a gain of 0.22% or 0.15 points. The heightened volatility saw the trading volume jump to 33,83,540 shares. Company has a market cap of $24,472,007 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.