Swedbank AB Sells 10,763 Shares of Welltower Inc. (NYSE:WELL)

Swedbank AB cut its holdings in shares of Welltower Inc. (NYSE:WELL) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 635,283 shares of the real estate investment trust’s stock after selling 10,763 shares during the quarter. Swedbank AB owned approximately 0.10% of Welltower worth $80,065,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in WELL. Laurel Wealth Advisors LLC purchased a new position in Welltower during the 4th quarter valued at approximately $25,000. Fortitude Family Office LLC grew its position in Welltower by 37.0% in the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 78 shares in the last quarter. Versant Capital Management Inc increased its stake in Welltower by 165.5% during the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 187 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in Welltower during the third quarter valued at approximately $50,000. Finally, FSA Wealth Management LLC bought a new stake in shares of Welltower in the 3rd quarter valued at approximately $59,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WELL has been the topic of several recent research reports. Scotiabank increased their price target on Welltower from $142.00 to $144.00 and gave the company a “sector outperform” rating in a report on Monday. Jefferies Financial Group raised shares of Welltower from a “hold” rating to a “buy” rating and increased their target price for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Mizuho upped their price target on shares of Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Finally, Raymond James raised their price objective on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Welltower presently has an average rating of “Moderate Buy” and a consensus price target of $134.96.

Welltower Trading Down 1.5 %

WELL opened at $135.08 on Thursday. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. The stock’s fifty day moving average is $130.13 and its two-hundred day moving average is $125.99. The company has a market capitalization of $84.11 billion, a P/E ratio of 88.87, a PEG ratio of 2.64 and a beta of 1.22. Welltower Inc. has a 52 week low of $85.40 and a 52 week high of $140.75.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.31). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the prior year, the business posted $0.92 EPS. The business’s quarterly revenue was up 23.7% on a year-over-year basis. Analysts forecast that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Profile

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.