Hexavest Lowers stake in Welltower Inc (HCN)

Welltower Inc (HCN) : Hexavest reduced its stake in Welltower Inc by 8.73% during the most recent quarter end. The investment management company now holds a total of 614,191 shares of Welltower Inc which is valued at $42,219,489 after selling 58,755 shares in Welltower Inc , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Welltower Inc makes up approximately 0.77% of Hexavest’s portfolio.

Other Hedge Funds, Including , First National Bank Of Omaha reduced its stake in HCN by selling 142 shares or 0.72% in the most recent quarter. The Hedge Fund company now holds 19,445 shares of HCN which is valued at $1,336,649. Welltower Inc makes up approx 0.11% of First National Bank Of Omaha’s portfolio.Mcqueen Ball Associates boosted its stake in HCN in the latest quarter, The investment management firm added 138 additional shares and now holds a total of 23,314 shares of Welltower Inc which is valued at $1,640,839. Welltower Inc makes up approx 1.12% of Mcqueen Ball Associates’s portfolio.Chevy Chase Trust Holdings reduced its stake in HCN by selling 6,448 shares or 1.94% in the most recent quarter. The Hedge Fund company now holds 325,597 shares of HCN which is valued at $22,915,517. Welltower Inc makes up approx 0.13% of Chevy Chase Trust Holdings’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.Washington Trust Bank boosted its stake in HCN in the latest quarter, The investment management firm added 3,554 additional shares and now holds a total of 5,052 shares of Welltower Inc which is valued at $355,560. Welltower Inc makes up approx 0.09% of Washington Trust Bank’s portfolio.

Welltower Inc closed down -1.05 points or -1.50% at $68.74 with 17,75,646 shares getting traded on Tuesday. Post opening the session at $69.59, the shares hit an intraday low of $68.64 and an intraday high of $69.98 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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