Texas Permanent School Fund decreased its holdings in Welltower Inc (NYSE:WELL) by 8.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,515 shares of the real estate investment trust’s stock after selling 7,258 shares during the period. Texas Permanent School Fund’s holdings in Welltower were worth $5,372,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of WELL. PGGM Investments bought a new stake in shares of Welltower in the 3rd quarter worth $449,854,000. Principal Financial Group Inc. bought a new stake in shares of Welltower in the first quarter worth $308,744,000. Strs Ohio bought a new stake in shares of Welltower in the third quarter worth $41,001,000. State of New Jersey Common Pension Fund D bought a new stake in shares of Welltower in the third quarter worth $18,653,000. Finally, Aperio Group LLC bought a new stake in shares of Welltower in the third quarter worth $18,488,000. 84.92% of the stock is owned by institutional investors and hedge funds.
NYSE:WELL opened at $65.15 on Friday. Welltower Inc has a 52-week low of $49.58 and a 52-week high of $69.80. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.77 and a quick ratio of 1.77. The stock has a market cap of $24.66 billion, a price-to-earnings ratio of 16.20, a P/E/G ratio of 2.79 and a beta of 0.25.
Several brokerages recently commented on WELL. Jefferies Financial Group lifted their price objective on Welltower from $56.00 to $64.00 and gave the stock a “hold” rating in a report on Friday, June 29th. Stifel Nicolaus set a $66.00 price objective on Welltower and gave the stock a “buy” rating in a report on Monday, July 30th. TheStreet lowered Welltower from a “b” rating to a “c+” rating in a report on Thursday, October 11th. Stephens reaffirmed a “buy” rating and issued a $64.00 price objective on shares of Welltower in a report on Tuesday, July 31st. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $58.00 price objective on shares of Welltower in a report on Monday, July 30th. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $63.00.
Welltower Company Profile
Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The company 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.
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