Welltower Inc. (NYSE:WELL) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its stake in Welltower Inc. (NYSE:WELL) by 4.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 310,109 shares of the real estate investment trust’s stock after selling 13,428 shares during the period. Nisa Investment Advisors LLC’s holdings in Welltower were worth $39,703,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in WELL. First Foundation Advisors acquired a new stake in shares of Welltower during the 2nd quarter valued at $26,000. TruNorth Capital Management LLC acquired a new position in shares of Welltower in the 2nd quarter valued at about $27,000. Meeder Asset Management Inc. purchased a new stake in shares of Welltower in the second quarter worth approximately $30,000. Centerpoint Advisors LLC acquired a new stake in shares of Welltower during the second quarter worth approximately $31,000. Finally, 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 valued at $31,000 after purchasing an additional 254 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WELL. Evercore ISI increased their target price on shares of Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft increased their price objective on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Morgan Stanley boosted their target price on Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Royal Bank of Canada raised their price target on Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. Finally, StockNews.com cut Welltower from a “hold” rating to a “sell” rating in a research note on Monday, October 7th. One 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $115.38.

Welltower Price Performance

NYSE WELL opened at $130.57 on Tuesday. Welltower Inc. has a 1 year low of $80.80 and a 1 year high of $132.66. The company has a fifty day simple moving average of $125.93 and a 200 day simple moving average of $111.38. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.47. The company has a market cap of $78.07 billion, a P/E ratio of 161.20, a P/E/G ratio of 2.91 and a beta of 1.21.

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

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.