Welltower Inc. $WELL Position Reduced by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd reduced its position in Welltower Inc. (NYSE:WELL) by 41.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,049 shares of the real estate investment trust’s stock after selling 4,297 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Welltower were worth $1,078,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in WELL. Global Wealth Strategies & Associates acquired a new stake in Welltower during the 3rd quarter valued at $36,000. Newbridge Financial Services Group Inc. grew its holdings in shares of Welltower by 39.5% during the second quarter. Newbridge Financial Services Group Inc. now owns 307 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 87 shares in the last quarter. Copia Wealth Management acquired a new position in Welltower during the second quarter valued at $51,000. City Holding Co. purchased a new stake in Welltower in the 3rd quarter worth about $59,000. Finally, Salomon & Ludwin LLC acquired a new stake in Welltower during the 3rd quarter worth about $59,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

WELL has been the topic of a number of research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Welltower in a report on Monday, December 29th. UBS Group lowered their price objective on shares of Welltower from $232.00 to $228.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $204.00 target price on shares of Welltower in a research report on Monday, January 5th. Wells Fargo & Company lifted their target price on shares of Welltower from $200.00 to $218.00 and gave the company an “overweight” rating in a research note on Tuesday, November 25th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $231.00 price target on shares of Welltower in a research note on Monday, December 15th. One equities research 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $204.80.

Welltower Stock Performance

WELL stock opened at $196.16 on Friday. The firm has a 50 day moving average of $189.33 and a two-hundred day moving average of $179.97. Welltower Inc. has a 12 month low of $130.29 and a 12 month high of $209.05. The company has a market capitalization of $134.63 billion, a price-to-earnings ratio of 135.28, a P/E/G ratio of 1.33 and a beta of 0.85. The company has a quick ratio of 5.47, a current ratio of 5.47 and a debt-to-equity ratio of 0.43.

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.