Welltower Inc. (NYSE:WELL) Shares Sold by Swedbank AB

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

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WELL. Forsta AP Fonden increased its stake in Welltower by 2.9% during the 4th quarter. Forsta AP Fonden now owns 156,900 shares of the real estate investment trust’s stock valued at $19,774,000 after purchasing an additional 4,400 shares in the last quarter. Patton Fund Management Inc. purchased a new stake in shares of Welltower during the fourth quarter valued at $6,478,000. BSW Wealth Partners increased its position in shares of Welltower by 18.9% in the 4th quarter. BSW Wealth Partners now owns 2,893 shares of the real estate investment trust’s stock valued at $365,000 after acquiring an additional 460 shares during the period. Perigon Wealth Management LLC raised its stake in Welltower by 48.6% in the 4th quarter. Perigon Wealth Management LLC now owns 3,549 shares of the real estate investment trust’s stock worth $457,000 after acquiring an additional 1,160 shares during the last quarter. Finally, Nilsine Partners LLC raised its stake in Welltower by 6.9% in the 4th quarter. Nilsine Partners LLC now owns 3,103 shares of the real estate investment trust’s stock worth $391,000 after acquiring an additional 201 shares during the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Welltower Stock Down 1.5 %

Welltower stock opened at $135.08 on Thursday. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $140.75. The stock has a market capitalization of $84.11 billion, a PE ratio of 88.87, a price-to-earnings-growth ratio of 2.64 and a beta of 1.22. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. The business has a 50 day simple moving average of $130.13 and a 200-day simple moving average of $125.99.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on WELL shares. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and increased their price target for the stock from $132.00 to $147.00 in a report on Thursday, January 2nd. Bank of America upped their price objective on shares of Welltower from $190.00 to $221.00 and gave the company a “buy” rating in a report on Friday, January 24th. Mizuho raised their target price on shares of Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Finally, Scotiabank boosted their target price on shares of Welltower from $142.00 to $144.00 and gave the company a “sector outperform” rating in a research report on Monday. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.