Choreo LLC Lowers Holdings in Welltower Inc. (NYSE:WELL)

Choreo LLC trimmed its holdings in Welltower Inc. (NYSE:WELL) by 2.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm 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 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC purchased a new position in Welltower in the fourth quarter worth 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 during the period. Versant Capital Management Inc grew its position in Welltower by 165.5% in 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 period. Ashton Thomas Securities LLC purchased a new position in Welltower in the third quarter worth approximately $50,000. Finally, FSA Wealth Management LLC purchased a new position in Welltower in the third quarter worth approximately $59,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Welltower Stock Up 0.2 %

Shares of NYSE WELL opened at $142.66 on Friday. Welltower Inc. has a 12-month low of $85.40 and a 12-month high of $143.39. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The stock has a market cap of $88.83 billion, a P/E ratio of 93.86, a PEG ratio of 2.71 and a beta of 1.23. The business’s fifty day simple moving average is $130.25 and its 200-day simple moving average is $127.30.

Wall Street Analyst Weigh In

Several research firms have recently commented on WELL. Raymond James raised their price target on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 16th. Scotiabank raised their price target on Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a research report on Monday, January 27th. Jefferies Financial Group upgraded 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 research report on Thursday, January 2nd. Mizuho raised their price target on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Finally, StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Five 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 company. Based on data from MarketBeat.com, Welltower has an average rating of “Moderate Buy” and an average 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.