Welltower Inc. $WELL Shares Sold by Twin Capital Management Inc.

Twin Capital Management Inc. lessened its holdings in shares of Welltower Inc. (NYSE:WELL) by 23.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,613 shares of the real estate investment trust’s stock after selling 4,572 shares during the period. Twin Capital Management Inc.’s holdings in Welltower were worth $2,603,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State of Michigan Retirement System boosted its position in shares of Welltower by 7.1% during the 3rd quarter. State of Michigan Retirement System now owns 180,909 shares of the real estate investment trust’s stock worth $32,227,000 after purchasing an additional 12,000 shares in the last quarter. MMA Asset Management LLC acquired a new stake in shares of Welltower in the third quarter valued at about $35,000. Prime Capital Investment Advisors LLC boosted its holdings in Welltower by 7.3% during the third quarter. Prime Capital Investment Advisors LLC now owns 5,790 shares of the real estate investment trust’s stock worth $1,031,000 after buying an additional 396 shares in the last quarter. Sentry Investment Management LLC grew its position in Welltower by 14.8% during the third quarter. Sentry Investment Management LLC now owns 1,790 shares of the real estate investment trust’s stock worth $303,000 after buying an additional 231 shares during the period. Finally, Waterloo Capital L.P. increased its holdings in Welltower by 36.9% in the third quarter. Waterloo Capital L.P. now owns 12,895 shares of the real estate investment trust’s stock valued at $2,297,000 after buying an additional 3,474 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on WELL shares. National Bankshares set a $246.00 price target on Welltower in a report on Friday, October 17th. Loop Capital set a $196.00 target price on Welltower in a report on Wednesday, October 29th. Morgan Stanley raised their price target on 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 set a $205.00 price target on shares of Welltower in a research note on Thursday, December 18th. Finally, Wall Street Zen raised shares of Welltower from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $204.80.

Welltower Stock Performance

NYSE:WELL opened at $196.16 on Friday. 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 firm has a market cap of $134.63 billion, a PE ratio of 135.28, a P/E/G ratio of 1.33 and a beta of 0.85. The firm has a 50 day simple moving average of $189.33 and a 200-day simple moving average of $179.97. Welltower Inc. has a 1-year low of $130.29 and a 1-year high of $209.05.

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.