Patton Fund Management Inc. Buys New Shares in Welltower Inc. (NYSE:WELL)

Patton Fund Management Inc. purchased a new position in Welltower Inc. (NYSE:WELL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 51,402 shares of the real estate investment trust’s stock, valued at approximately $6,478,000. Welltower comprises approximately 1.3% of Patton Fund Management Inc.’s holdings, making the stock its 22nd largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Welltower by 638.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust’s stock valued at $886,022,000 after acquiring an additional 5,982,711 shares during the period. FMR LLC grew its holdings in shares of Welltower by 38.1% during the 3rd quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock worth $1,847,289,000 after purchasing an additional 3,977,845 shares during the period. Wellington Management Group LLP increased its position in Welltower by 10.6% during the 3rd quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock worth $2,392,349,000 after purchasing an additional 1,797,330 shares in the last quarter. Barclays PLC raised its holdings in Welltower by 29.2% in the third quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock valued at $215,659,000 after buying an additional 380,888 shares during the period. Finally, Nordea Investment Management AB lifted its position in Welltower by 28.1% during the fourth quarter. Nordea Investment Management AB now owns 1,477,388 shares of the real estate investment trust’s stock valued at $185,649,000 after buying an additional 324,520 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Stock Down 0.8 %

Shares of NYSE:WELL opened at $137.28 on Wednesday. The firm has a 50 day simple moving average of $130.13 and a 200 day simple moving average of $125.99. Welltower Inc. has a 52 week low of $85.40 and a 52 week high of $140.75. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. The company has a market cap of $85.48 billion, a PE ratio of 90.32, a price-to-earnings-growth ratio of 2.64 and a beta of 1.22.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). The business had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. The business’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 EPS. As a group, research analysts expect that Welltower Inc. will post 4.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Scotiabank increased their price objective on shares of Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a research report on Monday. Bank of America raised their price objective 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 raised Welltower from a “hold” rating to a “buy” rating and upped their target price for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Mizuho boosted their price target on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Welltower presently has a consensus rating of “Moderate Buy” and an average target price of $134.96.

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.