Janney Montgomery Scott LLC Decreases Holdings in Welltower Inc. (NYSE:WELL)

Janney Montgomery Scott LLC lowered its holdings in Welltower Inc. (NYSE:WELLFree Report) by 1.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 65,986 shares of the real estate investment trust’s stock after selling 816 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Welltower were worth $8,316,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Fortitude Family Office LLC increased its stake 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 valued at $37,000 after purchasing an additional 78 shares during the last quarter. Old North State Wealth Management LLC grew its position in shares of Welltower by 0.6% in the 3rd quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust’s stock valued at $1,648,000 after buying an additional 78 shares during the last quarter. Frank Rimerman Advisors LLC raised its stake in Welltower by 0.9% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 9,617 shares of the real estate investment trust’s stock worth $1,231,000 after acquiring an additional 82 shares in the last quarter. Graypoint LLC lifted its position in Welltower by 2.5% in the fourth quarter. Graypoint LLC now owns 3,427 shares of the real estate investment trust’s stock valued at $432,000 after acquiring an additional 84 shares during the last quarter. Finally, Investment Advisory Group LLC lifted its position in Welltower by 1.8% in the fourth quarter. Investment Advisory Group LLC now owns 4,889 shares of the real estate investment trust’s stock valued at $616,000 after acquiring an additional 85 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Stock Up 1.1 %

WELL stock opened at $138.32 on Tuesday. Welltower Inc. has a one year low of $85.40 and a one year high of $140.75. The stock has a market capitalization of $86.13 billion, a P/E ratio of 91.00, a PEG ratio of 2.64 and a beta of 1.22. The company has a 50 day moving average price of $130.12 and a two-hundred day moving average price of $125.52. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10.

Welltower (NYSE:WELLGet Free Report) last announced its quarterly earnings data 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 net margin of 12.22% and a return on equity of 3.20%. The business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the prior year, the firm earned $0.92 EPS. Welltower’s revenue for the quarter was up 23.7% on a year-over-year basis. As a group, sell-side analysts expect that Welltower Inc. will post 4.3 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WELL. Mizuho lifted their target price 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 Welltower from a “hold” rating to a “buy” rating and boosted their price objective for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. Wells Fargo & Company restated an “equal weight” rating and set a $135.00 target price (up from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Scotiabank raised their price objective on shares of Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a research report on Monday. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Welltower currently has an average rating of “Moderate Buy” and a consensus price target of $134.96.

Read Our Latest Research Report on Welltower

Welltower Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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