Welltower Inc. (NYSE:WELL) Shares Sold by Choreo LLC

Choreo LLC cut its holdings in Welltower Inc. (NYSE:WELL) by 2.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 14,029 shares of the real estate investment trust’s stock after selling 352 shares during the period. Choreo LLC’s holdings in Welltower were worth $1,754,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Laurel Wealth Advisors LLC purchased a new position in shares of Welltower during the fourth quarter worth about $25,000. Fortitude Family Office LLC grew its holdings in shares of Welltower by 37.0% during the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 78 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of 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 purchasing an additional 187 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Welltower during the third quarter worth about $50,000. Finally, FSA Wealth Management LLC purchased a new position in shares of Welltower during the third quarter worth about $59,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Price Performance

Shares of WELL opened at $142.66 on Friday. Welltower Inc. has a twelve month low of $85.40 and a twelve month high of $143.39. The stock’s 50 day moving average is $130.25 and its two-hundred day moving average is $127.30. The firm has a market capitalization of $88.83 billion, a PE ratio of 93.86, a P/E/G ratio of 2.71 and a beta of 1.23. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Scotiabank raised their price target on Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a report on Monday, January 27th. Jefferies Financial Group raised 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. Bank of America raised their price target on Welltower from $190.00 to $221.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, Raymond James raised their price target on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a report on Monday, December 16th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.96.

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.