Deroy Devereaux Private Investment Counsel Inc Lowers stake in Welltower Inc (HCN)

Welltower Inc (HCN) : Deroy Devereaux Private Investment Counsel Inc reduced its stake in Welltower Inc by 0.09% during the most recent quarter end. The investment management company now holds a total of 199,940 shares of Welltower Inc which is valued at $15,385,383 after selling 171 shares in Welltower Inc , the firm said in a disclosure report filed with the SEC on Jul 13, 2016.Welltower Inc makes up approximately 1.99% of Deroy Devereaux Private Investment Counsel Inc’s portfolio.

Other Hedge Funds, Including , Capital Advisors Ltd. added HCN to its portfolio by purchasing 475 company shares during the most recent quarter which is valued at $36,551. Welltower Inc makes up approx 0.02% of Capital Advisors Ltd.’s portfolio.Creative Planning boosted its stake in HCN in the latest quarter, The investment management firm added 1,308 additional shares and now holds a total of 19,238 shares of Welltower Inc which is valued at $1,480,364. Welltower Inc makes up approx 0.01% of Creative Planning’s portfolio. Cutler Group Lp sold out all of its stake in HCN during the most recent quarter. The investment firm sold 2,319 shares of HCN which is valued $178,447.Raymond James Trust N.a. boosted its stake in HCN in the latest quarter, The investment management firm added 486 additional shares and now holds a total of 30,949 shares of Welltower Inc which is valued at $2,340,363. Welltower Inc makes up approx 0.20% of Raymond James Trust N.a.’s portfolio.

Welltower Inc opened for trading at $76.63 and hit $77.38 on the upside on Monday, eventually ending the session at $77.19, with a gain of 0.90% or 0.69 points. The heightened volatility saw the trading volume jump to 10,85,759 shares. Company has a market cap of $27,556 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. Welltower Inc was Downgraded by Morgan Stanley to ” Equal-Weight” on Jun 22, 2016. 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 .

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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