Teachers Insurance Annuity Association Of America Lowers stake in Welltower Inc (HCN)

Welltower Inc (HCN) : Teachers Insurance Annuity Association Of America reduced its stake in Welltower Inc by 0.84% during the most recent quarter end. The investment management company now holds a total of 379,837 shares of Welltower Inc which is valued at $29,764,027 after selling 3,212 shares in Welltower Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Welltower Inc makes up approximately 1.30% of Teachers Insurance Annuity Association Of America’s portfolio.

Other Hedge Funds, Including , Vantage Investment Advisors sold out all of its stake in HCN during the most recent quarter. The investment firm sold 50 shares of HCN which is valued $3,918.Garcia Hamilton Associates Lpde reduced its stake in HCN by selling 1,127 shares or 3.52% in the most recent quarter. The Hedge Fund company now holds 30,893 shares of HCN which is valued at $2,420,775. Welltower Inc makes up approx 1.39% of Garcia Hamilton Associates Lpde’s portfolio.Ntv Asset Management reduced its stake in HCN by selling 300 shares or 1.04% in the most recent quarter. The Hedge Fund company now holds 28,410 shares of HCN which is valued at $2,208,878. Welltower Inc makes up approx 0.81% of Ntv Asset Management’s portfolio.Presima boosted its stake in HCN in the latest quarter, The investment management firm added 73,200 additional shares and now holds a total of 708,900 shares of Welltower Inc which is valued at $54,911,394. Welltower Inc makes up approx 8.34% of Presima’s portfolio.Checchi Capital Advisers boosted its stake in HCN in the latest quarter, The investment management firm added 165 additional shares and now holds a total of 4,665 shares of Welltower Inc which is valued at $367,369. Welltower Inc makes up approx 0.09% of Checchi Capital Advisers’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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