Nuveen Asset Management Lowers stake in Welltower Inc (HCN)

Welltower Inc (HCN) : Nuveen Asset Management reduced its stake in Welltower Inc by 11.66% during the most recent quarter end. The investment management company now holds a total of 2,579,467 shares of Welltower Inc which is valued at $202,127,034 after selling 340,493 shares in Welltower Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Welltower Inc makes up approximately 1.22% of Nuveen Asset Management’s portfolio.

Other Hedge Funds, Including , Cetera Advisors boosted its stake in HCN in the latest quarter, The investment management firm added 1,604 additional shares and now holds a total of 38,202 shares of Welltower Inc which is valued at $2,993,509. Welltower Inc makes up approx 0.23% of Cetera Advisors’s portfolio.Spinnaker Trust boosted its stake in HCN in the latest quarter, The investment management firm added 3,518 additional shares and now holds a total of 25,253 shares of Welltower Inc which is valued at $1,956,097. Welltower Inc makes up approx 0.27% of Spinnaker Trust’s portfolio.Conning boosted its stake in HCN in the latest quarter, The investment management firm added 20 additional shares and now holds a total of 8,148 shares of Welltower Inc which is valued at $630,329. Welltower Inc makes up approx 0.03% of Conning’s portfolio.Hexavest reduced its stake in HCN by selling 33,485 shares or 4.74% in the most recent quarter. The Hedge Fund company now holds 672,946 shares of HCN which is valued at $51,944,702. Welltower Inc makes up approx 0.77% of Hexavest’s portfolio.

Welltower Inc opened for trading at $76.09 and hit $77.34 on the upside on Monday, eventually ending the session at $76.96, with a gain of 1.56% or 1.18 points. The heightened volatility saw the trading volume jump to 14,85,491 shares. Company has a market cap of $27,545 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.

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