WCM Investment Management LLC Sells 6,501 Shares of Welltower Inc. $WELL

WCM Investment Management LLC reduced its holdings in shares of Welltower Inc. (NYSE:WELL) by 4.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,614 shares of the real estate investment trust’s stock after selling 6,501 shares during the quarter. WCM Investment Management LLC’s holdings in Welltower were worth $24,952,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Frank Rimerman Advisors LLC boosted its holdings in shares of Welltower by 0.6% in the third quarter. Frank Rimerman Advisors LLC now owns 9,774 shares of the real estate investment trust’s stock worth $1,741,000 after acquiring an additional 55 shares during the period. Sachetta LLC lifted its holdings in Welltower by 14.9% during the 3rd quarter. Sachetta LLC now owns 448 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 58 shares in the last quarter. PDS Planning Inc boosted its stake in Welltower by 1.4% in the 3rd quarter. PDS Planning Inc now owns 4,326 shares of the real estate investment trust’s stock worth $771,000 after purchasing an additional 59 shares during the period. Modera Wealth Management LLC grew its holdings in Welltower by 3.4% during the 3rd quarter. Modera Wealth Management LLC now owns 1,807 shares of the real estate investment trust’s stock valued at $322,000 after buying an additional 60 shares in the last quarter. Finally, Fidelis Capital Partners LLC increased its position in shares of Welltower by 1.3% during the third quarter. Fidelis Capital Partners LLC now owns 4,697 shares of the real estate investment trust’s stock valued at $837,000 after buying an additional 61 shares during the period. 94.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

WELL has been the subject of a number of analyst reports. National Bankshares set a $246.00 price objective on shares of Welltower in a research report on Friday, October 17th. Weiss Ratings restated a “buy (b-)” rating on shares of Welltower in a research report on Monday, December 29th. Wall Street Zen raised shares of Welltower from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Scotiabank lifted their price objective on Welltower from $182.00 to $214.00 and gave the company a “sector outperform” rating in a research note on Thursday, November 13th. Finally, Morgan Stanley upped their target price on Welltower from $170.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $204.80.

Welltower Stock Down 0.4%

Shares of NYSE:WELL opened at $187.60 on Tuesday. Welltower Inc. has a 52-week low of $130.29 and a 52-week high of $209.05. The firm has a fifty day moving average of $190.64 and a 200 day moving average of $179.40. The firm has a market capitalization of $128.75 billion, a PE ratio of 129.38, a price-to-earnings-growth ratio of 1.31 and a beta of 0.85. The company has a debt-to-equity ratio of 0.43, a quick ratio of 5.47 and a current ratio of 5.47.

Welltower 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.