Bank of New York Mellon Corp Trims Stock Holdings in Welltower Inc. $WELL

Bank of New York Mellon Corp reduced its holdings in shares of Welltower Inc. (NYSE:WELL) by 0.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,012,933 shares of the real estate investment trust’s stock after selling 3,026 shares during the quarter. Bank of New York Mellon Corp owned about 0.58% of Welltower worth $714,864,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Ballentine Partners LLC raised its stake in shares of Welltower by 9.5% during the 3rd quarter. Ballentine Partners LLC now owns 10,663 shares of the real estate investment trust’s stock valued at $1,900,000 after purchasing an additional 924 shares during the period. Mystic Asset Management Inc. lifted its stake in Welltower by 12.4% in the 3rd quarter. Mystic Asset Management Inc. now owns 2,115 shares of the real estate investment trust’s stock worth $377,000 after purchasing an additional 234 shares in the last quarter. Valeo Financial Advisors LLC increased its holdings in shares of Welltower by 3.0% in the third quarter. Valeo Financial Advisors LLC now owns 4,535 shares of the real estate investment trust’s stock worth $808,000 after purchasing an additional 130 shares during the period. Truist Financial Corp raised its position in shares of Welltower by 2.1% in the third quarter. Truist Financial Corp now owns 50,974 shares of the real estate investment trust’s stock worth $9,081,000 after buying an additional 1,062 shares in the last quarter. Finally, Hutchens & Kramer Investment Management Group LLC boosted its stake in Welltower by 3.8% during the third quarter. Hutchens & Kramer Investment Management Group LLC now owns 3,449 shares of the real estate investment trust’s stock valued at $614,000 after buying an additional 125 shares during the period. 94.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on WELL. Wall Street Zen raised Welltower from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Loop Capital set a $196.00 target price on shares of Welltower in a research note on Wednesday, October 29th. Cantor Fitzgerald reiterated an “overweight” rating and set a $204.00 target price on shares of Welltower in a research report on Monday, January 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Welltower in a report on Monday, December 29th. Finally, Wells Fargo & Company raised their price objective on shares of Welltower from $200.00 to $218.00 and gave the company an “overweight” rating in a research report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Welltower has an average rating of “Moderate Buy” and a consensus target price of $204.80.

Welltower Stock Up 0.3%

Shares of WELL opened at $184.01 on Thursday. Welltower Inc. has a 1 year low of $130.29 and a 1 year high of $209.05. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.47 and a quick ratio of 5.47. The stock has a 50 day simple moving average of $191.41 and a two-hundred day simple moving average of $178.63. The firm has a market cap of $126.29 billion, a P/E ratio of 126.90, a P/E/G ratio of 1.27 and a beta of 0.86.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.04. Welltower had a net margin of 9.69% and a return on equity of 2.71%. The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period in the previous year, the business posted $1.11 EPS. The business’s quarterly revenue was up 30.7% on a year-over-year basis. On average, analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

About Welltower

Welltower Inc (NYSE: WELL) is a real estate investment trust (REIT) that acquires and manages real estate serving the health care industry. The company specializes in healthcare infrastructure, owning and operating a diversified portfolio of senior housing, post-acute and long-term care communities, and outpatient medical properties. Welltower’s assets are designed to support the delivery of health care services through a combination of leased properties, joint ventures, and other capital arrangements with health care operators and providers.

The company’s property types include assisted living, memory care, independent living and skilled nursing facilities, as well as medical office buildings and other outpatient-care real estate such as ambulatory surgery centers and specialty clinics.