Filament Exits Position in Welltower Inc (HCN)

Welltower Inc (HCN) : Filament has sold out all of its stake in Welltower Inc during the most recent quarter, according to the disclosure filed by the company on Oct 7, 2016 with the SEC. The investment management company has sold out 4,066 shares of Welltower Inc which is valued at $282,750.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in HCN by selling 1,020 shares or 1.1% in the most recent quarter. The Hedge Fund company now holds 91,388 shares of HCN which is valued at $6,355,122. Welltower Inc makes up approx 0.13% of Exxonmobil Investment Management Inc Tx’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in HCN by selling 52,220 shares or 55.94% in the most recent quarter. The Hedge Fund company now holds 41,135 shares of HCN which is valued at $2,895,081. Welltower Inc makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio. Telemus Capital added HCN to its portfolio by purchasing 4,080 company shares during the most recent quarter which is valued at $287,150. Welltower Inc makes up approx 0.03% of Telemus Capital’s portfolio.Private Asset Management Inc reduced its stake in HCN by selling 2,150 shares or 4.24% in the most recent quarter. The Hedge Fund company now holds 48,580 shares of HCN which is valued at $3,419,060. Welltower Inc makes up approx 0.58% of Private Asset Management Inc’s portfolio.Eqis Capital Management boosted its stake in HCN in the latest quarter, The investment management firm added 95 additional shares and now holds a total of 11,717 shares of Welltower Inc which is valued at $824,642. Welltower Inc makes up approx 0.05% of Eqis Capital Management’s portfolio.

Welltower Inc closed down -0.79 points or -1.12% at $69.54 with 27,49,918 shares getting traded on Friday. Post opening the session at $70.71, the shares hit an intraday low of $69.26 and an intraday high of $71.49 and the price fluctuated in this range throughout the day.Shares ended Friday 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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