Amica Retiree Medical Trust Lowers stake in Welltower Inc (HCN)

Welltower Inc (HCN) : Amica Retiree Medical Trust reduced its stake in Welltower Inc by 14.28% during the most recent quarter end. The investment management company now holds a total of 4,052 shares of Welltower Inc which is valued at $313,868 after selling 675 shares in Welltower Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Welltower Inc makes up approximately 0.26% of Amica Retiree Medical Trust’s portfolio.

Other Hedge Funds, Including , State Of New Jersey Common Pension Fund D reduced its stake in HCN by selling 5,000 shares or 1.5% in the most recent quarter. The Hedge Fund company now holds 328,000 shares of HCN which is valued at $25,406,880. Welltower Inc makes up approx 0.11% of State Of New Jersey Common Pension Fund D’s portfolio.Green Street Investors boosted its stake in HCN in the latest quarter, The investment management firm added 20,200 additional shares and now holds a total of 179,000 shares of Welltower Inc which is valued at $14,200,070. Welltower Inc makes up approx 11.23% of Green Street Investors’s portfolio.Alps Advisors Inc reduced its stake in HCN by selling 1,201 shares or 2.89% in the most recent quarter. The Hedge Fund company now holds 40,342 shares of HCN which is valued at $3,120,857. Welltower Inc makes up approx 0.03% of Alps Advisors Inc’s portfolio.Candriam Luxembourg S.c.a. boosted its stake in HCN in the latest quarter, The investment management firm added 1,378 additional shares and now holds a total of 11,782 shares of Welltower Inc which is valued at $911,456. Welltower Inc makes up approx 0.02% of Candriam Luxembourg S.c.a.’s portfolio.Beacon Financial Group reduced its stake in HCN by selling 61 shares or 0.09% in the most recent quarter. The Hedge Fund company now holds 69,460 shares of HCN which is valued at $5,344,947. Welltower Inc makes up approx 1.12% of Beacon Financial Group’s portfolio.

Welltower Inc opened for trading at $76.5 and hit $77.47 on the upside on Monday, eventually ending the session at $77.05, with a gain of 0.88% or 0.67 points. The heightened volatility saw the trading volume jump to 15,77,839 shares. Company has a market cap of $27,577 M.

On the company’s financial health, Welltower Inc reported $1.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $1.14. The company had revenue of $1076.70 million for the quarter, compared to analysts expectations of $1053.45 million. The company’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS.

Many Wall Street Analysts have commented on Welltower Inc. Company shares were Reiterated by RBC Capital Mkts on Aug 4, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 77 from a previous price target of $72 .Welltower Inc was Downgraded by Hilliard Lyons to ” Underperform” on Aug 2, 2016. Welltower Inc was Downgraded by Morgan Stanley to ” Equal-Weight” on Jun 22, 2016.

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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