Forward Management Lowers stake in Welltower Inc (HCN)

Welltower Inc (HCN) : Forward Management reduced its stake in Welltower Inc by 3.49% during the most recent quarter end. The investment management company now holds a total of 36,000 shares of Welltower Inc which is valued at $2,788,560 after selling 1,300 shares in Welltower Inc , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Welltower Inc makes up approximately 0.22% of Forward Management’s portfolio.

Other Hedge Funds, Including , Exane Derivatives reduced its stake in HCN by selling 5,103 shares or 34.52% in the most recent quarter. The Hedge Fund company now holds 9,678 shares of HCN which is valued at $749,658. Welltower Inc makes up approx 0.12% of Exane Derivatives’s portfolio.Investors Capital Advisory Services reduced its stake in HCN by selling 1,064 shares or 8.67% in the most recent quarter. The Hedge Fund company now holds 11,208 shares of HCN which is valued at $868,172. Welltower Inc makes up approx 0.17% of Investors Capital Advisory Services’s portfolio. Terra Nova Asset Management sold out all of its stake in HCN during the most recent quarter. The investment firm sold 6,670 shares of HCN which is valued $515,991.

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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