Welltower Inc. (NYSE:WELL) Shares Sold by PFG Investments LLC

PFG Investments LLC cut its stake in Welltower Inc. (NYSE:WELL) by 2.5% in the fourth quarter, according to the company in 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 period. PFG Investments LLC’s holdings in Welltower were worth $1,267,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC acquired a new position in shares of Welltower in the 4th quarter valued at $25,000. Fortitude Family Office LLC lifted its position 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 worth $37,000 after acquiring an additional 78 shares during the period. Versant Capital Management Inc lifted its position in 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 purchased a new position in shares of Welltower in the 3rd quarter valued at approximately $50,000. Finally, FSA Wealth Management LLC acquired a new position in Welltower in the 3rd quarter valued at $59,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Stock Performance

Shares of WELL stock opened at $138.32 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. The firm has a market cap of $86.13 billion, a P/E ratio of 91.00, a PEG ratio of 2.64 and a beta of 1.22. Welltower Inc. has a fifty-two week low of $85.40 and a fifty-two week high of $140.75. The stock’s 50-day moving average is $130.12 and its two-hundred day moving average is $125.52.

Welltower (NYSE:WELL) last released 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 the consensus estimate of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. The firm’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.92 EPS. Analysts predict that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on WELL. Scotiabank raised their price objective on shares of Welltower from $142.00 to $144.00 and gave the company a “sector outperform” rating in a research report on Monday. Wells Fargo & Company reissued an “equal weight” rating and issued a $135.00 price objective (up previously from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Mizuho raised their price target on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Bank of America raised their price objective on Welltower from $190.00 to $221.00 and gave the stock a “buy” rating in a report on Friday. Finally, Raymond James increased their target price on Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Monday, December 16th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently 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.