Spinnaker Trust Has $4.01 Million Stake in Welltower Inc. $WELL

Spinnaker Trust cut its holdings in Welltower Inc. (NYSE:WELL) by 12.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,500 shares of the real estate investment trust’s stock after selling 3,332 shares during the quarter. Spinnaker Trust’s holdings in Welltower were worth $4,008,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of WELL. Norges Bank acquired a new position in shares of Welltower during the 2nd quarter worth about $4,903,554,000. State Street Corp increased its position in shares of Welltower by 4.6% during the second quarter. State Street Corp now owns 39,616,289 shares of the real estate investment trust’s stock worth $6,090,212,000 after acquiring an additional 1,740,196 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings in Welltower by 241.5% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,241,145 shares of the real estate investment trust’s stock worth $190,801,000 after purchasing an additional 877,725 shares in the last quarter. Geode Capital Management LLC grew its holdings 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 buying an additional 723,887 shares in the last quarter. Finally, HRT Financial LP raised its holdings in shares of Welltower by 327.7% in the second quarter. HRT Financial LP now owns 712,929 shares of the real estate investment trust’s stock valued at $109,598,000 after purchasing an additional 546,225 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Price Performance

WELL stock opened at $196.16 on Friday. The company has a quick ratio of 5.47, a current ratio of 5.47 and a debt-to-equity ratio of 0.43. The firm has a market cap of $134.63 billion, a price-to-earnings ratio of 135.28, a PEG ratio of 1.33 and a beta of 0.85. The company’s fifty day simple moving average is $189.33 and its 200 day simple moving average is $179.97. Welltower Inc. has a 12-month low of $130.29 and a 12-month high of $209.05.

Analyst Upgrades and Downgrades

WELL has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. UBS Group dropped their target price on Welltower from $232.00 to $228.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Morgan Stanley lifted their price target on shares of Welltower from $170.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $205.00 price target on shares of Welltower in a research note on Thursday, December 18th. Finally, Wells Fargo & Company boosted 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 research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $204.80.

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.