Welltower Inc. (NYSE:WELL) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC cut its stake in Welltower Inc. (NYSE:WELL) by 1.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,616 shares of the real estate investment trust’s stock after selling 302 shares during the quarter. Private Advisor Group LLC’s holdings in Welltower were worth $2,511,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Connors Investor Services Inc. lifted its position in shares of Welltower by 10.6% during the 1st quarter. Connors Investor Services Inc. now owns 117,715 shares of the real estate investment trust’s stock valued at $10,999,000 after buying an additional 11,238 shares in the last quarter. Nordea Investment Management AB grew its position in shares of Welltower by 88.1% in the first quarter. Nordea Investment Management AB now owns 1,118,333 shares of the real estate investment trust’s stock valued at $104,072,000 after purchasing an additional 523,656 shares during the period. Centersquare Investment Management LLC increased its stake in shares of Welltower by 19.0% during the first quarter. Centersquare Investment Management LLC now owns 5,329,248 shares of the real estate investment trust’s stock worth $507,771,000 after purchasing an additional 849,898 shares in the last quarter. Intech Investment Management LLC raised its position in shares of Welltower by 147.9% during the 1st quarter. Intech Investment Management LLC now owns 22,294 shares of the real estate investment trust’s stock worth $2,083,000 after purchasing an additional 13,300 shares during the last quarter. Finally, Burke & Herbert Bank & Trust Co. acquired a new stake in Welltower in the 2nd quarter worth about $674,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on WELL. Wolfe Research raised Welltower to a “strong-buy” rating in a report on Friday, August 9th. Scotiabank lifted their target price on shares of Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a research note on Monday, September 23rd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Morgan Stanley boosted their price target on shares of Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Finally, Wedbush increased their price objective on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Welltower currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.38.

Welltower Stock Up 0.3 %

Shares of WELL opened at $130.57 on Tuesday. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.47. The firm has a market cap of $78.07 billion, a P/E ratio of 161.20, a price-to-earnings-growth ratio of 2.91 and a beta of 1.21. The company’s 50-day moving average price is $125.93 and its 200 day moving average price is $111.38. Welltower Inc. has a 12-month low of $80.80 and a 12-month high of $132.66.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.08. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.89 billion. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The business’s revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.90 EPS. On average, sell-side analysts forecast that Welltower Inc. will post 4.19 earnings per share for the current year.

About Welltower

Welltower Inc (NYSE:WELL), a real estate investment trust (“REIT”) and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people’s wellness and overall health care experience.