Welltower Inc. $WELL Position Reduced by Garland Capital Management Inc.

Garland Capital Management Inc. trimmed its position in shares of Welltower Inc. (NYSE:WELL) by 74.6% during the second quarter, Holdings Channel reports. The firm owned 9,005 shares of the real estate investment trust’s stock after selling 26,438 shares during the quarter. Welltower comprises approximately 4.4% of Garland Capital Management Inc.’s holdings, making the stock its 9th biggest position. Garland Capital Management Inc.’s holdings in Welltower were worth $1,384,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. LPL Financial LLC lifted its position in shares of Welltower by 3.9% in the first quarter. LPL Financial LLC now owns 258,052 shares of the real estate investment trust’s stock valued at $39,536,000 after acquiring an additional 9,678 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its position in shares of Welltower by 55.6% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,013,247 shares of the real estate investment trust’s stock valued at $461,660,000 after acquiring an additional 1,076,293 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Welltower in the first quarter valued at $1,697,000. Beacon Financial Planning Inc. lifted its position in shares of Welltower by 6.8% in the first quarter. Beacon Financial Planning Inc. now owns 27,893 shares of the real estate investment trust’s stock valued at $4,274,000 after acquiring an additional 1,780 shares in the last quarter. Finally, Summit Trail Advisors LLC lifted its position in shares of Welltower by 61.4% in the first quarter. Summit Trail Advisors LLC now owns 6,756 shares of the real estate investment trust’s stock valued at $1,035,000 after acquiring an additional 2,571 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WELL has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on Welltower from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. KeyCorp upped their price objective on Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, September 23rd. National Bankshares set a $246.00 price objective on Welltower in a research report on Friday, October 17th. Cantor Fitzgerald began coverage on Welltower in a research report on Wednesday, October 1st. They set an “overweight” rating and a $195.00 target price on the stock. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Welltower in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $186.43.

Welltower Stock Performance

NYSE WELL opened at $178.04 on Monday. The business’s 50-day moving average price is $170.05 and its 200 day moving average price is $159.42. Welltower Inc. has a twelve month low of $123.11 and a twelve month high of $180.40. The company has a market capitalization of $119.08 billion, a PE ratio of 100.59, a price-to-earnings-growth ratio of 1.99 and a beta of 0.92. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.44.

Welltower (NYSE:WELL) last released its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.06. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the prior year, the business posted $1.05 earnings per share. The firm’s revenue for the quarter was up 39.6% compared to the same quarter last year. On average, research analysts predict that Welltower Inc. will post 4.88 earnings per share for the current 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.