Heitman Real Estate Securities Lowers stake in Welltower Inc (HCN)

Welltower Inc (HCN) : Heitman Real Estate Securities reduced its stake in Welltower Inc by 55.35% during the most recent quarter end. The investment management company now holds a total of 1,516,669 shares of Welltower Inc which is valued at $118,846,183 after selling 1,880,441 shares in Welltower Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Welltower Inc makes up approximately 6.13% of Heitman Real Estate Securities’s portfolio.

Other Hedge Funds, Including , Mosaic Family Wealth reduced its stake in HCN by selling 700 shares or 41.18% in the most recent quarter. The Hedge Fund company now holds 1,000 shares of HCN which is valued at $78,360. Welltower Inc makes up approx 0.04% of Mosaic Family Wealth’s portfolio. Baldwin Brothers Incma sold out all of its stake in HCN during the most recent quarter. The investment firm sold 500 shares of HCN which is valued $39,180.Mizuho Asset Managementltd. boosted its stake in HCN in the latest quarter, The investment management firm added 22,364 additional shares and now holds a total of 67,970 shares of Welltower Inc which is valued at $5,326,129. Welltower Inc makes up approx 0.94% of Mizuho Asset Managementltd.’s portfolio.Stephens Inc Ar boosted its stake in HCN in the latest quarter, The investment management firm added 8,952 additional shares and now holds a total of 119,982 shares of Welltower Inc which is valued at $9,164,225. Welltower Inc makes up approx 0.40% of Stephens Inc Ar’s portfolio.

Welltower Inc closed down -0.32 points or -0.42% at $76.43 with 12,63,052 shares getting traded on Thursday. Post opening the session at $76.75, the shares hit an intraday low of $75.98 and an intraday high of $76.79 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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