Cornell Pochily Investment Advisors Inc. Sells 498 Shares of Welltower Inc. (NYSE:WELL)

Cornell Pochily Investment Advisors Inc. decreased its holdings in Welltower Inc. (NYSE:WELL) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,221 shares of the real estate investment trust’s stock after selling 498 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in Welltower were worth $1,414,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WELL. Laurel Wealth Advisors LLC bought a new stake in shares of Welltower in the 4th quarter valued at approximately $25,000. Fortitude Family Office LLC raised 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 buying an additional 78 shares during the period. Versant Capital Management Inc lifted its position in Welltower by 165.5% in the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 187 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in Welltower during the third quarter worth $50,000. Finally, FSA Wealth Management LLC bought a new position in Welltower during the third quarter valued at $59,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

WELL has been the subject of several analyst reports. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Scotiabank raised their price objective on shares of Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a research note on Monday, November 25th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $135.00 target price (up previously from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Bank of America raised their price target on Welltower from $190.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and upped their price objective for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $134.81.

Welltower Stock Up 3.4 %

NYSE:WELL opened at $136.80 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. Welltower Inc. has a 1-year low of $85.40 and a 1-year high of $140.75. The company has a 50-day moving average of $130.12 and a 200 day moving average of $125.52. The firm has a market cap of $85.18 billion, a PE ratio of 90.00, a price-to-earnings-growth ratio of 2.64 and a beta of 1.22.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). The business had revenue of $2.06 billion for 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%. Welltower’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.92 earnings per share. As a group, research analysts anticipate that Welltower Inc. will post 4.3 EPS for the current fiscal year.

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.