Welltower Inc. $WELL Shares Sold by UMB Bank n.a.

UMB Bank n.a. cut its holdings in Welltower Inc. (NYSE:WELL) by 11.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 179,936 shares of the real estate investment trust’s stock after selling 22,963 shares during the quarter. UMB Bank n.a.’s holdings in Welltower were worth $32,054,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp raised its stake in Welltower by 4.6% during the 2nd quarter. State Street Corp now owns 39,616,289 shares of the real estate investment trust’s stock valued at $6,090,212,000 after acquiring an additional 1,740,196 shares during the last quarter. Norges Bank acquired a new position in shares of Welltower in the second quarter valued at approximately $4,903,554,000. Geode Capital Management LLC raised its stake in shares of Welltower by 5.1% during the second quarter. Geode Capital Management LLC now owns 15,012,454 shares of the real estate investment trust’s stock worth $2,303,484,000 after purchasing an additional 723,887 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Welltower by 1.9% during the second quarter. JPMorgan Chase & Co. now owns 7,898,391 shares of the real estate investment trust’s stock worth $1,214,232,000 after purchasing an additional 149,724 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Welltower by 5.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 7,329,291 shares of the real estate investment trust’s stock valued at $1,126,732,000 after buying an additional 372,697 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Stock Up 1.4%

WELL stock opened at $188.25 on Friday. The company has a market cap of $129.20 billion, a P/E ratio of 129.82, a P/E/G ratio of 1.29 and a beta of 0.86. Welltower Inc. has a 52 week low of $130.29 and a 52 week high of $209.05. The company’s 50-day moving average price is $190.94 and its 200 day moving average price is $179.04. The company has a current ratio of 5.47, a quick ratio of 5.47 and a debt-to-equity ratio of 0.43.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on WELL shares. UBS Group cut their price objective on shares of Welltower from $232.00 to $228.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Wells Fargo & Company boosted their price target on shares of Welltower from $200.00 to $218.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 25th. Jefferies Financial Group reissued a “buy” rating and set a $231.00 price target on shares of Welltower in a report on Monday, December 15th. Wall Street Zen raised Welltower from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Finally, Loop Capital set a $196.00 target price on Welltower in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $204.80.

Welltower Company Profile

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.