GHP Investment Advisors Inc. Has $99,000 Stake in Welltower Inc. (NYSE:WELL)

GHP Investment Advisors Inc. grew its position in Welltower Inc. (NYSE:WELL) by 14.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 775 shares of the real estate investment trust’s stock after purchasing an additional 96 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Welltower were worth $99,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in WELL. First Foundation Advisors acquired a new stake in Welltower during the second quarter worth approximately $26,000. TruNorth Capital Management LLC acquired a new stake in Welltower during the second quarter worth approximately $27,000. Meeder Asset Management Inc. acquired a new stake in Welltower during the second quarter worth approximately $30,000. Manchester Capital Management LLC grew its position in Welltower by 338.7% during the first quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 254 shares in the last quarter. Finally, Centerpoint Advisors LLC acquired a new stake in Welltower during the second quarter worth approximately $31,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analysts Set New Price Targets

WELL has been the subject of several recent analyst reports. Scotiabank upped their target price on Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a research note on Monday, September 23rd. Royal Bank of Canada upped their target price on Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. Wells Fargo & Company restated an “equal weight” rating and set a $135.00 target price (up from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Wedbush upped their target price on Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Finally, StockNews.com cut Welltower from a “hold” rating to a “sell” rating in a research note on Monday, October 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Welltower presently has an average rating of “Moderate Buy” and an average price target of $115.38.

Welltower Stock Up 0.3 %

Shares of WELL opened at $130.57 on Tuesday. Welltower Inc. has a 52 week low of $80.80 and a 52 week high of $132.66. The stock has a market capitalization of $78.07 billion, a price-to-earnings ratio of 161.20, a PEG ratio of 2.91 and a beta of 1.21. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.07 and a current ratio of 4.07. The stock has a fifty day moving average of $125.93 and a 200-day moving average of $111.38.

Welltower (NYSE:WELL) last announced its earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.08. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.89 billion. Welltower had a return on equity of 2.21% and a net margin of 8.36%. Welltower’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the company earned $0.90 EPS. As a group, sell-side analysts anticipate that Welltower Inc. will post 4.19 earnings per share 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.