Geneos Wealth Management Inc. Sells 319 Shares of Welltower Inc. (NYSE:WELL)

Geneos Wealth Management Inc. cut its stake in shares of Welltower Inc. (NYSE:WELL) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,508 shares of the real estate investment trust’s stock after selling 319 shares during the period. Geneos Wealth Management Inc.’s holdings in Welltower were worth $820,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Welltower by 638.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust’s stock valued at $886,022,000 after purchasing an additional 5,982,711 shares in the last quarter. FMR LLC lifted its position in shares of Welltower by 38.1% during the 3rd quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock worth $1,847,289,000 after buying an additional 3,977,845 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Welltower by 10.6% in the 3rd quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock worth $2,392,349,000 after buying an additional 1,797,330 shares during the last quarter. Barclays PLC grew its holdings in shares of Welltower by 29.2% in the third quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock valued at $215,659,000 after acquiring an additional 380,888 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Welltower by 28.1% during the fourth quarter. Nordea Investment Management AB now owns 1,477,388 shares of the real estate investment trust’s stock valued at $185,649,000 after acquiring an additional 324,520 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Stock Up 1.1 %

WELL stock opened at $138.32 on Tuesday. The stock has a 50-day simple moving average of $130.12 and a two-hundred day simple moving average of $125.52. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $86.13 billion, a PE ratio of 91.00, a PEG ratio of 2.64 and a beta of 1.22. Welltower Inc. has a twelve month low of $85.40 and a twelve month high of $140.75.

Welltower (NYSE:WELL) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share 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 business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the company earned $0.92 earnings per share. Welltower’s revenue was up 23.7% compared to the same quarter last year. On average, equities analysts predict that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. StockNews.com raised 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 increased their price target for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. Mizuho lifted their price objective on shares of Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Raymond James increased their target price 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, Scotiabank lifted their price target on shares of Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a report on Monday. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the 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.