Pacer Advisors Inc. Trims Stock Position in Welltower Inc. (NYSE:WELL)

Pacer Advisors Inc. lessened its stake in shares of Welltower Inc. (NYSE:WELL) by 15.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 61,770 shares of the real estate investment trust’s stock after selling 11,685 shares during the period. Pacer Advisors Inc.’s holdings in Welltower were worth $7,785,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of WELL. NewEdge Advisors LLC raised its position in Welltower by 9.6% during the 2nd quarter. NewEdge Advisors LLC now owns 9,641 shares of the real estate investment trust’s stock valued at $1,005,000 after purchasing an additional 848 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Welltower during the second quarter valued at $1,389,000. Cetera Investment Advisers raised its holdings in shares of Welltower by 4.3% in the second quarter. Cetera Investment Advisers now owns 85,691 shares of the real estate investment trust’s stock valued at $8,933,000 after acquiring an additional 3,517 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in Welltower by 2.4% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 121,278 shares of the real estate investment trust’s stock worth $12,643,000 after acquiring an additional 2,878 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in Welltower during the 2nd quarter worth about $8,794,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on WELL shares. Raymond James boosted their price target on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a report on Monday, December 16th. Scotiabank boosted their price objective on shares of Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a research note on Monday. Bank of America increased their target price on Welltower from $190.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and lifted their price target for the company from $132.00 to $147.00 in a report on Thursday, January 2nd. Finally, StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Welltower currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.96.

Welltower Trading Down 1.5 %

NYSE:WELL opened at $135.08 on Thursday. The company has a market capitalization of $84.11 billion, a P/E ratio of 88.87, 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. The firm has a fifty day simple moving average of $130.13 and a 200-day simple moving average of $125.99.

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). The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The business’s revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.92 EPS. On average, equities research analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current 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.