Aviance Capital Management LLC bought a new stake in shares of Welltower Inc (NYSE:WELL) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 179,420 shares of the real estate investment trust’s stock, valued at approximately $11,540,000. Welltower accounts for approximately 1.1% of Aviance Capital Management LLC’s investment portfolio, making the stock its 26th biggest holding.
Other large investors have also made changes to their positions in the company. Hudock Capital Group LLC bought a new stake in shares of Welltower in the 3rd quarter worth approximately $107,000. Trust Co. of Vermont lifted its position in shares of Welltower by 76.5% in the 2nd quarter. Trust Co. of Vermont now owns 2,189 shares of the real estate investment trust’s stock worth $138,000 after acquiring an additional 949 shares during the period. Atlantic Trust Group LLC bought a new stake in shares of Welltower in the 1st quarter worth approximately $124,000. Whitnell & Co. bought a new stake in shares of Welltower in the 3rd quarter worth approximately $197,000. Finally, Bremer Trust National Association bought a new stake in shares of Welltower in the 3rd quarter worth approximately $205,000. Hedge funds and other institutional investors own 84.91% of the company’s stock.
A number of analysts have commented on the company. TheStreet downgraded Welltower from a “b” rating to a “c+” rating in a research report on Thursday, October 11th. Barclays initiated coverage on Welltower in a research report on Tuesday, September 25th. They set an “overweight” rating for the company. ValuEngine upgraded Welltower from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Morgan Stanley raised their target price on Welltower from $63.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, August 16th. Finally, Goldman Sachs Group initiated coverage on Welltower in a research report on Monday, August 6th. They set a “neutral” rating and a $59.00 target price for the company. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Welltower has a consensus rating of “Hold” and an average target price of $63.00.
Welltower (NYSE:WELL) last released its quarterly earnings results on Friday, July 27th. The real estate investment trust reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($0.58). Welltower had a net margin of 13.64% and a return on equity of 4.95%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.10 billion. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities research analysts forecast that Welltower Inc will post 4.03 EPS for the current fiscal year.
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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