Spinnaker Trust buys $1,956,097 stake in Welltower Inc (HCN)

Welltower Inc (HCN) : Spinnaker Trust scooped up 3,518 additional shares in Welltower Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 25,253 shares of Welltower Inc which is valued at $1,956,097.Welltower Inc makes up approximately 0.27% of Spinnaker Trust’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System boosted its stake in HCN in the latest quarter, The investment management firm added 22,113 additional shares and now holds a total of 778,661 shares of Welltower Inc which is valued at $60,315,081. Welltower Inc makes up approx 0.13% of California State Teachers Retirement System’s portfolio. Midas Management Corp sold out all of its stake in HCN during the most recent quarter. The investment firm sold 22,500 shares of HCN which is valued $1,784,925.Daiwa Securities Group reduced its stake in HCN by selling 4,281,767 shares or 53.72% in the most recent quarter. The Hedge Fund company now holds 3,688,138 shares of HCN which is valued at $285,314,356. Welltower Inc makes up approx 1.71% of Daiwa Securities Group’s portfolio.Quadrant Capital Management reduced its stake in HCN by selling 515 shares or 1.46% in the most recent quarter. The Hedge Fund company now holds 34,763 shares of HCN which is valued at $2,737,586. Welltower Inc makes up approx 2.24% of Quadrant Capital Management’s portfolio.Beacon Financial Group reduced its stake in HCN by selling 61 shares or 0.09% in the most recent quarter. The Hedge Fund company now holds 69,460 shares of HCN which is valued at $5,344,947. Welltower Inc makes up approx 1.12% of Beacon Financial Group’s portfolio.

Welltower Inc opened for trading at $77.46 and hit $77.75 on the upside on Thursday, eventually ending the session at $77.71, with a gain of 0.32% or 0.25 points. The heightened volatility saw the trading volume jump to 14,67,400 shares. Company has a market cap of $27,742 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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