Security Capital Research Management Inc Lowers stake in Welltower Inc (HCN)

Welltower Inc (HCN) : Security Capital Research Management Inc reduced its stake in Welltower Inc by 44.41% during the most recent quarter end. The investment management company now holds a total of 1,345,229 shares of Welltower Inc which is valued at $105,412,144 after selling 1,074,840 shares in Welltower Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Welltower Inc makes up approximately 3.49% of Security Capital Research Management Inc’s portfolio.

Other Hedge Funds, Including , Liberty Mutual Group Asset Management boosted its stake in HCN in the latest quarter, The investment management firm added 2,548 additional shares and now holds a total of 24,852 shares of Welltower Inc which is valued at $1,947,403. Welltower Inc makes up approx 0.07% of Liberty Mutual Group Asset Management’s portfolio.Moors Cabot boosted its stake in HCN in the latest quarter, The investment management firm added 188 additional shares and now holds a total of 3,091 shares of Welltower Inc which is valued at $240,325. Welltower Inc makes up approx 0.04% of Moors Cabot’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in HCN in the latest quarter, The investment management firm added 3,885 additional shares and now holds a total of 111,114 shares of Welltower Inc which is valued at $8,606,890. Welltower Inc makes up approx 0.22% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.Ngam Advisors boosted its stake in HCN in the latest quarter, The investment management firm added 17,911 additional shares and now holds a total of 226,697 shares of Welltower Inc which is valued at $17,559,950. Welltower Inc makes up approx 0.23% of Ngam Advisors’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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