Candriam S.C.A. Decreases Stock Holdings in Welltower Inc. $WELL

Candriam S.C.A. lowered its stake in shares of Welltower Inc. (NYSE:WELL) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 407,259 shares of the real estate investment trust’s stock after selling 9,415 shares during the quarter. Candriam S.C.A. owned about 0.06% of Welltower worth $72,549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. New York Life Investment Management LLC lifted its position in shares of Welltower by 4.3% during the third quarter. New York Life Investment Management LLC now owns 97,366 shares of the real estate investment trust’s stock valued at $17,345,000 after buying an additional 4,019 shares during the last quarter. RFG Advisory LLC purchased a new stake in Welltower during the third quarter valued at approximately $243,000. Collier Financial purchased a new stake in Welltower during the third quarter valued at approximately $54,000. Signature Estate & Investment Advisors LLC boosted its stake in Welltower by 3,192.6% in the third quarter. Signature Estate & Investment Advisors LLC now owns 47,380 shares of the real estate investment trust’s stock valued at $8,440,000 after acquiring an additional 45,941 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV grew its holdings in Welltower by 21.1% in the third quarter. Azzad Asset Management Inc. ADV now owns 27,212 shares of the real estate investment trust’s stock worth $4,847,000 after purchasing an additional 4,742 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Welltower Stock Performance

Shares of WELL opened at $196.16 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 5.47 and a current ratio of 5.47. The stock has a 50-day moving average of $189.33 and a two-hundred day moving average of $180.23. The stock has a market cap of $134.63 billion, a P/E ratio of 135.28, a P/E/G ratio of 1.36 and a beta of 0.85. Welltower Inc. has a one year low of $130.29 and a one year high of $209.05.

Analyst Ratings Changes

Several analysts have recently commented on WELL shares. Wall Street Zen upgraded Welltower from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Welltower in a research report on Monday, December 29th. UBS Group decreased their price target on Welltower from $232.00 to $228.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Cantor Fitzgerald restated an “overweight” rating and set a $204.00 price target on shares of Welltower in a research note on Monday, January 5th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $205.00 price objective on shares of Welltower in a report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.