Uniplan Investment Counsel Lowers stake in Welltower Inc (HCN)

Welltower Inc (HCN) : Uniplan Investment Counsel reduced its stake in Welltower Inc by 0.44% during the most recent quarter end. The investment management company now holds a total of 646,774 shares of Welltower Inc which is valued at $50,681,211 after selling 2,838 shares in Welltower Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Welltower Inc makes up approximately 2.25% of Uniplan Investment Counsel’s portfolio.

Other Hedge Funds, Including , Fort Washington Investment Advisors Inc Oh boosted its stake in HCN in the latest quarter, The investment management firm added 1,296 additional shares and now holds a total of 31,216 shares of Welltower Inc which is valued at $2,446,086. Welltower Inc makes up approx 0.04% of Fort Washington Investment Advisors Inc Oh’s portfolio.Janney Capital Management boosted its stake in HCN in the latest quarter, The investment management firm added 696 additional shares and now holds a total of 337,657 shares of Welltower Inc which is valued at $25,790,242. Welltower Inc makes up approx 1.33% of Janney Capital Management’s portfolio.Intrust Bank Na boosted its stake in HCN in the latest quarter, The investment management firm added 73 additional shares and now holds a total of 3,521 shares of Welltower Inc which is valued at $272,737. Welltower Inc makes up approx 0.11% of Intrust Bank Na’s portfolio.Financial Architects Inc boosted its stake in HCN in the latest quarter, The investment management firm added 373 additional shares and now holds a total of 1,073 shares of Welltower Inc which is valued at $83,007. Welltower Inc makes up approx 0.02% of Financial Architects Inc’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.

Welltower Inc opened for trading at $76.98 and hit $77.11 on the upside on Tuesday, eventually ending the session at $76.91, with a gain of 0.35% or 0.27 points. The heightened volatility saw the trading volume jump to 11,78,545 shares. Company has a market cap of $27,527 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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