Central Trust Co Lowers stake in Welltower Inc (HCN)

Welltower Inc (HCN) : Central Trust Co reduced its stake in Welltower Inc by 2.92% during the most recent quarter end. The investment management company now holds a total of 137,820 shares of Welltower Inc which is valued at $10,715,505 after selling 4,141 shares in Welltower Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Welltower Inc makes up approximately 0.78% of Central Trust Co’s portfolio.

Other Hedge Funds, Including , Forsta Ap-fonden added HCN to its portfolio by purchasing 154,600 company shares during the most recent quarter which is valued at $12,020,150. Welltower Inc makes up approx 0.34% of Forsta Ap-fonden’s portfolio. Quantitative Investment Management sold out all of its stake in HCN during the most recent quarter. The investment firm sold 67,400 shares of HCN which is valued $5,220,804.Msi Financial Services Inc boosted its stake in HCN in the latest quarter, The investment management firm added 138 additional shares and now holds a total of 29,828 shares of Welltower Inc which is valued at $2,307,494. Welltower Inc makes up approx 0.08% of Msi Financial Services Inc’s portfolio.Gateway Investment Advisers reduced its stake in HCN by selling 289 shares or 0.33% in the most recent quarter. The Hedge Fund company now holds 86,956 shares of HCN which is valued at $6,691,264. Welltower Inc makes up approx 0.06% of Gateway Investment Advisers’s portfolio.Lgt Capital Partners Ltd. boosted its stake in HCN in the latest quarter, The investment management firm added 19,850 additional shares and now holds a total of 223,445 shares of Welltower Inc which is valued at $17,194,093. Welltower Inc makes up approx 2.91% of Lgt Capital Partners Ltd.’s portfolio.

Welltower Inc closed down -0.61 points or -0.78% at $77.75 with 16,63,687 shares getting traded on Monday. Post opening the session at $78.46, the shares hit an intraday low of $77.68 and an intraday high of $78.71 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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 Canaccord Genuity on Aug 15, 2016 to “Buy”, Firm has raised the Price Target to $ 86 from a previous price target of $79 .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. 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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