Welltower Inc (HCN) : Cornerstone Real Estate Advisers scooped up 67,640 additional shares in Welltower Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 220,622 shares of Welltower Inc which is valued at $17,287,940.Welltower Inc makes up approximately 5.67% of Cornerstone Real Estate Advisers’s portfolio.
Other Hedge Funds, Including , Vsr Financial Services added HCN to its portfolio by purchasing 2,915 company shares during the most recent quarter which is valued at $228,419. Welltower Inc makes up approx 0.04% of Vsr Financial Services’s portfolio.Independent Order Of Foresters reduced its stake in HCN by selling 7,000 shares or 26.53% in the most recent quarter. The Hedge Fund company now holds 19,383 shares of HCN which is valued at $1,518,852. Welltower Inc makes up approx 1.11% of Independent Order Of Foresters’s portfolio.Cutter Co Brokerage reduced its stake in HCN by selling 30 shares or 0.51% in the most recent quarter. The Hedge Fund company now holds 5,842 shares of HCN which is valued at $452,521. Welltower Inc makes up approx 0.19% of Cutter Co Brokerage’s portfolio.Shell Asset Management Co reduced its stake in HCN by selling 8,217 shares or 5.4% in the most recent quarter. The Hedge Fund company now holds 143,991 shares of HCN which is valued at $11,139,144. Welltower Inc makes up approx 0.26% of Shell Asset Management Co’s portfolio.Charter Trust Co boosted its stake in HCN in the latest quarter, The investment management firm added 520 additional shares and now holds a total of 3,581 shares of Welltower Inc which is valued at $277,921. Welltower Inc makes up approx 0.03% of Charter Trust Co’s portfolio.
Welltower Inc opened for trading at $76.98 and hit $77.11 on the upside on Tuesday, eventually ending the session at $76.91, with a gain of 0.35% or 0.27 points. The heightened volatility saw the trading volume jump to 11,78,545 shares. Company has a market cap of $27,527 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 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.