Barnes Pettey Financial Advisors LLC Trims Position in Welltower Inc. (NYSE:WELL)

Barnes Pettey Financial Advisors LLC lowered its stake in shares of Welltower Inc. (NYSE:WELL) by 6.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,352 shares of the real estate investment trust’s stock after selling 150 shares during the quarter. Barnes Pettey Financial Advisors LLC’s holdings in Welltower were worth $296,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in WELL. Wellington Management Group LLP increased its position in Welltower by 10.6% during the 3rd quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock worth $2,392,349,000 after purchasing an additional 1,797,330 shares during the period. FMR LLC increased 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 valued at $1,847,289,000 after purchasing an additional 3,977,845 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Welltower by 638.0% in 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 period. Charles Schwab Investment Management Inc. boosted its holdings in Welltower by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,066,213 shares of the real estate investment trust’s stock worth $776,657,000 after buying an additional 46,332 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Welltower by 11.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,914,363 shares of the real estate investment trust’s stock worth $373,126,000 after buying an additional 291,839 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Trading Up 1.6 %

WELL opened at $137.08 on Friday. The firm’s fifty day moving average price is $130.08 and its 200 day moving average price is $126.05. The stock has a market capitalization of $85.36 billion, a PE ratio of 90.19, a P/E/G ratio of 2.68 and a beta of 1.22. Welltower Inc. has a 12-month low of $85.40 and a 12-month high of $140.75. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10.

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

Analyst Upgrades and Downgrades

WELL has been the subject of a number of research reports. Bank of America lifted their price target on shares of Welltower from $190.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Raymond James upped their target price on Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a report on Monday, December 16th. Scotiabank lifted their price target on Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a research note on Monday. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Mizuho lifted their target price on shares of Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Welltower has a consensus rating of “Moderate Buy” and an average target price of $134.96.

Welltower Company 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.