Nuveen Asset Management buys $200,383,725 stake in Welltower Inc (HCN)

Welltower Inc (HCN) : Nuveen Asset Management scooped up 565,287 additional shares in Welltower Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 3,144,754 shares of Welltower Inc which is valued at $200,383,725.Welltower Inc makes up approximately 1.22% of Nuveen Asset Management’s portfolio.

Other Hedge Funds, Including , Edgestream Partners added HCN to its portfolio by purchasing 30,567 company shares during the most recent quarter which is valued at $1,947,729. Welltower Inc makes up approx 1.12% of Edgestream Partners’s portfolio.Nwam reduced its stake in HCN by selling 207 shares or 2.15% in the most recent quarter. The Hedge Fund company now holds 9,439 shares of HCN which is valued at $657,804. Welltower Inc makes up approx 0.26% of Nwam’s portfolio.Rehmann Capital Advisory Group boosted its stake in HCN in the latest quarter, The investment management firm added 74 additional shares and now holds a total of 9,443 shares of Welltower Inc which is valued at $658,083. Welltower Inc makes up approx 0.13% of Rehmann Capital Advisory Group’s portfolio.

Welltower Inc opened for trading at $62.05 and hit $62.67 on the upside on Monday, eventually ending the session at $62.49, with a gain of 0.82% or 0.51 points. The heightened volatility saw the trading volume jump to 21,77,514 shares. Company has a market cap of $22,655 M.

On the company’s financial health, Welltower Inc reported $1.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $1.15. The company had revenue of $1079.10 million for the quarter, compared to analysts expectations of $1054.15 million. The company’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 EPS.

Many Wall Street Analysts have commented on Welltower Inc. Shares were Reiterated by Mizuho on Nov 3, 2016 to “Buy” and Lowered the Price Target to $ 71 from a previous price target of $75 .

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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