Welltower Inc (HCN) : Archford Capital Strategies scooped up 248 additional shares in Welltower Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 8,495 shares of Welltower Inc which is valued at $665,668.Welltower Inc makes up approximately 0.34% of Archford Capital Strategies’s portfolio.
Other Hedge Funds, Including , Zacks Investment Management reduced its stake in HCN by selling 1,023 shares or 0.88% in the most recent quarter. The Hedge Fund company now holds 115,409 shares of HCN which is valued at $9,043,449. Welltower Inc makes up approx 0.27% of Zacks Investment Management’s portfolio.Mizuho Trust Banking Ltd. boosted its stake in HCN in the latest quarter, The investment management firm added 9,618 additional shares and now holds a total of 642,946 shares of Welltower Inc which is valued at $49,802,597. Welltower Inc makes up approx 0.15% of Mizuho Trust Banking Ltd.’s portfolio.Tnb Financial boosted its stake in HCN in the latest quarter, The investment management firm added 480 additional shares and now holds a total of 6,063 shares of Welltower Inc which is valued at $470,549. Welltower Inc makes up approx 0.12% of Tnb Financial’s portfolio.
Welltower Inc opened for trading at $77.89 and hit $78.19 on the upside on Wednesday, eventually ending the session at $78.19, with a gain of 0.35% or 0.27 points. The heightened volatility saw the trading volume jump to 1,289,689 shares. Company has a market cap of $27,985 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.