Retirement Systems of Alabama Decreases Stock Position in Welltower Inc. (NYSE:WELL)

Retirement Systems of Alabama cut its holdings in Welltower Inc. (NYSE:WELL) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 462,742 shares of the real estate investment trust’s stock after selling 7,677 shares during the quarter. Retirement Systems of Alabama owned about 0.07% of Welltower worth $58,319,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WELL. Laurel Wealth Advisors LLC purchased a new position in shares of Welltower in the fourth quarter worth about $25,000. Fortitude Family Office LLC raised its stake in shares of 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 purchasing an additional 78 shares during the last quarter. Versant Capital Management Inc raised its position in Welltower by 165.5% during the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 187 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in Welltower during the third quarter valued at approximately $50,000. Finally, FSA Wealth Management LLC purchased a new position in Welltower during the third quarter valued at approximately $59,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on WELL. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Raymond James lifted their price target on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 16th. Bank of America lifted their price target on Welltower from $190.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Mizuho lifted their price target on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Finally, 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, January 27th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.96.

Welltower Price Performance

WELL stock opened at $138.95 on Wednesday. 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 company has a market capitalization of $86.52 billion, a PE ratio of 91.42, a P/E/G ratio of 2.71 and a beta of 1.23. Welltower Inc. has a 12-month low of $85.40 and a 12-month high of $140.75. The business’s fifty day moving average price is $130.13 and its 200 day moving average price is $126.87.

About Welltower

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.