Sumitomo Life Insurance Co. Cuts Stock Position in Welltower Inc. (NYSE:WELL)

Sumitomo Life Insurance Co. cut its holdings in shares of Welltower Inc. (NYSE:WELL) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,260 shares of the real estate investment trust’s stock after selling 412 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Welltower were worth $2,049,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Laurel Wealth Advisors LLC bought a new position in Welltower during the fourth quarter valued at $25,000. Fortitude Family Office LLC lifted its position in shares of 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 buying an additional 78 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Welltower by 165.5% during the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 187 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of Welltower during the 3rd quarter worth $50,000. Finally, FSA Wealth Management LLC purchased a new stake in Welltower in the 3rd quarter worth about $59,000. 94.80% of the stock is currently owned by institutional investors.

Welltower Stock Down 0.8 %

Shares of NYSE WELL opened at $137.28 on Wednesday. The business has a 50-day moving average of $130.15 and a 200-day moving average of $125.76. The firm has a market capitalization of $85.48 billion, a price-to-earnings ratio of 90.32, a PEG ratio of 2.64 and a beta of 1.22. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $140.75.

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

Wall Street Analyst Weigh In

WELL has been the subject of a number of research reports. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and lifted their price objective for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. Scotiabank increased their target price on Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a research report on Monday. Wells Fargo & Company reiterated an “equal weight” rating and issued a $135.00 price target (up from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Finally, Raymond James increased their price objective on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a report on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $134.96.

Welltower Company Profile

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.