Welltower Inc. $WELL Stake Lowered by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S decreased its stake in Welltower Inc. (NYSE:WELL) by 39.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,770 shares of the real estate investment trust’s stock after selling 55,002 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Welltower were worth $15,101,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Savant Capital LLC grew its position in shares of Welltower by 25.6% during the third quarter. Savant Capital LLC now owns 13,330 shares of the real estate investment trust’s stock worth $2,375,000 after acquiring an additional 2,721 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Welltower by 0.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 498,016 shares of the real estate investment trust’s stock valued at $88,717,000 after purchasing an additional 1,943 shares during the last quarter. Westside Investment Management Inc. boosted its stake in Welltower by 12.3% during the 3rd quarter. Westside Investment Management Inc. now owns 1,538 shares of the real estate investment trust’s stock valued at $276,000 after purchasing an additional 169 shares during the period. Hartford Investment Management Co. grew its position in Welltower by 4.6% in the 3rd quarter. Hartford Investment Management Co. now owns 39,272 shares of the real estate investment trust’s stock worth $6,996,000 after purchasing an additional 1,737 shares during the last quarter. Finally, Physician Wealth Advisors Inc. increased its stake in shares of Welltower by 26.9% in the third quarter. Physician Wealth Advisors Inc. now owns 801 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 170 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Stock Performance

Shares of NYSE WELL opened at $191.16 on Friday. The stock has a fifty day moving average price of $189.58 and a two-hundred day moving average price of $179.73. The company has a debt-to-equity ratio of 0.43, a quick ratio of 5.47 and a current ratio of 5.47. The firm has a market cap of $131.20 billion, a P/E ratio of 131.83, a PEG ratio of 1.29 and a beta of 0.85. Welltower Inc. has a 1 year low of $130.29 and a 1 year high of $209.05.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WELL. Scotiabank boosted their price objective on Welltower from $182.00 to $214.00 and gave the stock a “sector outperform” rating in a research report on Thursday, November 13th. Loop Capital set a $196.00 target price on Welltower in a research note on Wednesday, October 29th. Wall Street Zen raised Welltower from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Welltower in a research report on Monday, December 29th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $204.00 price target on shares of Welltower in a report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $204.80.

Welltower Company Profile

Welltower Inc (NYSE: WELL) is a real estate investment trust (REIT) that acquires and manages real estate serving the health care industry. The company specializes in healthcare infrastructure, owning and operating a diversified portfolio of senior housing, post-acute and long-term care communities, and outpatient medical properties. Welltower’s assets are designed to support the delivery of health care services through a combination of leased properties, joint ventures, and other capital arrangements with health care operators and providers.

The company’s property types include assisted living, memory care, independent living and skilled nursing facilities, as well as medical office buildings and other outpatient-care real estate such as ambulatory surgery centers and specialty clinics.