Veritas Asset Management Llp buys $40,922,118 stake in Welltower Inc (HCN)

Welltower Inc (HCN) : Veritas Asset Management Llp scooped up 100,000 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 528,300 shares of Welltower Inc which is valued at $40,922,118.Welltower Inc makes up approximately 0.43% of Veritas Asset Management Llp’s portfolio.

Other Hedge Funds, Including , Mckinley Carter Wealth Services added HCN to its portfolio by purchasing 2,920 company shares during the most recent quarter which is valued at $226,183. Welltower Inc makes up approx 0.12% of Mckinley Carter Wealth Services’s portfolio.Msi Financial Services Inc boosted its stake in HCN in the latest quarter, The investment management firm added 138 additional shares and now holds a total of 29,828 shares of Welltower Inc which is valued at $2,307,494. Welltower Inc makes up approx 0.08% of Msi Financial Services Inc’s portfolio.Charter Trust Co boosted its stake in HCN in the latest quarter, The investment management firm added 520 additional shares and now holds a total of 3,581 shares of Welltower Inc which is valued at $277,921. Welltower Inc makes up approx 0.03% of Charter Trust Co’s portfolio.Btr Capital Management Inc reduced its stake in HCN by selling 100 shares or 1.17% in the most recent quarter. The Hedge Fund company now holds 8,455 shares of HCN which is valued at $652,641. Welltower Inc makes up approx 0.15% of Btr Capital Management Inc’s portfolio.Foundry Partners reduced its stake in HCN by selling 43,202 shares or 59.11% in the most recent quarter. The Hedge Fund company now holds 29,891 shares of HCN which is valued at $2,300,112. Welltower Inc makes up approx 0.22% of Foundry Partners’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.

Investors should note that on Jul 28, 2016, Welltower Inc announced a cash dividend of $0.8600. The company’s management has announced Aug 5, 2016 as the ex-dividend date and fixed the record date on Aug 9, 2016. The payable date has been fixed on Aug 22, 2016.

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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