Welltower Inc. (NYSE:WELL) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its position in Welltower Inc. (NYSE:WELL) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 65,986 shares of the real estate investment trust’s stock after selling 816 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Welltower were worth $8,316,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors 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 about $25,000. Fortitude Family Office LLC raised its holdings in Welltower by 37.0% in the third 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% during the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 187 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Welltower during the third quarter worth approximately $50,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Welltower in the third quarter worth $59,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Raymond James upped their price target on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 16th. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Wells Fargo & Company reiterated an “equal weight” rating and set a $135.00 target price (up from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Mizuho increased their price objective 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. Finally, Scotiabank boosted their target price on shares of Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a research report on Monday. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Welltower has a consensus rating of “Moderate Buy” and a consensus target price of $134.96.

Welltower Stock Performance

Shares of Welltower stock opened at $138.32 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. Welltower Inc. has a 1 year low of $85.40 and a 1 year high of $140.75. The firm’s 50-day simple moving average is $130.12 and its 200-day simple moving average is $125.52. The firm has a market cap of $86.13 billion, a PE ratio of 91.00, a price-to-earnings-growth ratio of 2.64 and a beta of 1.22.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 12.22% and a return on equity of 3.20%. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.92 EPS. Equities analysts forecast that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

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.