WestEnd Advisors LLC Sells 6,105 Shares of Welltower Inc. (NYSE:WELL)

WestEnd Advisors LLC decreased its holdings in Welltower Inc. (NYSE:WELL) by 3.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 170,686 shares of the real estate investment trust’s stock after selling 6,105 shares during the period. WestEnd Advisors LLC’s holdings in Welltower were worth $21,512,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of WELL. Daymark Wealth Partners LLC acquired a new stake in shares of Welltower during the 3rd quarter valued at $225,000. Quotient Wealth Partners LLC bought a new stake in shares of Welltower during the third quarter worth about $251,000. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Welltower by 320.3% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,813 shares of the real estate investment trust’s stock valued at $616,000 after buying an additional 3,668 shares during the last quarter. Valeo Financial Advisors LLC grew its holdings in Welltower by 2.6% during the 3rd quarter. Valeo Financial Advisors LLC now owns 3,668 shares of the real estate investment trust’s stock worth $470,000 after acquiring an additional 94 shares during the last quarter. Finally, First Affirmative Financial Network acquired a new position in shares of Welltower during the third quarter worth $235,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WELL. Scotiabank increased their price target on Welltower from $142.00 to $144.00 and gave the company a “sector outperform” rating in a research note on Monday, January 27th. Raymond James lifted their target price on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 16th. Mizuho upped their price target on shares of Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and boosted their price objective for the company from $132.00 to $147.00 in a research note 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $134.96.

Welltower Price Performance

Shares of NYSE:WELL opened at $142.66 on Friday. Welltower Inc. has a twelve month low of $85.40 and a twelve month high of $143.39. The stock’s 50 day moving average is $130.34 and its 200-day moving average is $127.54. 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 $88.83 billion, a price-to-earnings ratio of 93.86, a PEG ratio of 2.83 and a beta of 1.23.

Welltower 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.