PFG Investments LLC Reduces Stock Holdings in Welltower Inc. (NYSE:WELL)

PFG Investments LLC reduced its position in Welltower Inc. (NYSE:WELL) by 2.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,053 shares of the real estate investment trust’s stock after selling 263 shares during the quarter. PFG Investments LLC’s holdings in Welltower were worth $1,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC purchased a new position in shares of Welltower during the 4th quarter valued at $25,000. Fortitude Family Office LLC boosted its holdings in Welltower by 37.0% during the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 78 shares during the period. Versant Capital Management Inc raised its stake in shares of 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 during the last quarter. Ashton Thomas Securities LLC purchased a new stake in Welltower in the third quarter worth $50,000. Finally, FSA Wealth Management LLC purchased a new stake in Welltower in the third quarter worth about $59,000. Institutional investors own 94.80% of the company’s stock.

Welltower Trading Up 1.1 %

Shares of WELL stock opened at $138.32 on Tuesday. 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 stock has a market cap of $86.13 billion, a price-to-earnings ratio of 91.00, a PEG ratio of 2.64 and a beta of 1.22. The company’s 50-day moving average price is $130.12 and its 200-day moving average price is $125.52. Welltower Inc. has a twelve month low of $85.40 and a twelve month high of $140.75.

Welltower (NYSE:WELL) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.31). The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter last year, the business posted $0.92 EPS. As a group, equities analysts predict that Welltower Inc. will post 4.3 earnings per share for the current year.

Analyst Ratings Changes

WELL has been the subject of a number of research analyst reports. Mizuho raised their target price on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $135.00 price target (up previously from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and increased their price objective for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. Raymond James upped their price target on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research report on Monday, December 16th. Finally, StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $134.96.

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.