Welltower Inc. (NYSE:WELL) Holdings Decreased by Barnes Pettey Financial Advisors LLC

Barnes Pettey Financial Advisors LLC decreased its stake in shares of Welltower Inc. (NYSE:WELL) by 6.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,352 shares of the real estate investment trust’s stock after selling 150 shares during the period. Barnes Pettey Financial Advisors LLC’s holdings in Welltower were worth $296,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in WELL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Welltower by 638.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust’s stock valued at $886,022,000 after purchasing an additional 5,982,711 shares during the last quarter. FMR LLC grew its holdings in shares of Welltower by 38.1% in the 3rd quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock worth $1,847,289,000 after acquiring an additional 3,977,845 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Welltower by 10.6% during the third quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock valued at $2,392,349,000 after purchasing an additional 1,797,330 shares during the last quarter. Barclays PLC boosted its position in shares of Welltower by 29.2% in the 3rd quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock valued at $215,659,000 after purchasing an additional 380,888 shares during the period. Finally, Nordea Investment Management AB raised its holdings in Welltower by 28.1% during the 4th quarter. Nordea Investment Management AB now owns 1,477,388 shares of the real estate investment trust’s stock worth $185,649,000 after buying an additional 324,520 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WELL. Scotiabank upped their price target on shares of Welltower from $142.00 to $144.00 and gave the company a “sector outperform” rating in a research report on Monday. Mizuho raised their price objective on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and raised their price target for the stock from $132.00 to $147.00 in a report on Thursday, January 2nd. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Raymond James upped their price target 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 investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.96.

Welltower Stock Up 1.6 %

WELL opened at $137.08 on Friday. Welltower Inc. has a 1-year low of $85.40 and a 1-year high of $140.75. The business has a 50 day moving average of $130.08 and a 200-day moving average of $126.05. The stock has a market capitalization of $85.36 billion, a price-to-earnings ratio of 90.19, a P/E/G ratio of 2.68 and a beta of 1.22. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51.

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 analysts’ consensus estimates of $1.04 by ($0.31). Welltower had a return on equity of 3.20% and a net margin of 12.22%. The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the business earned $0.92 EPS. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Welltower Inc. will post 4.3 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.