Xact Kapitalforvaltning AB Sells 1,405 Shares of Welltower Inc (WELL)

Xact Kapitalforvaltning AB decreased its stake in shares of Welltower Inc (NYSE:WELL) by 2.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,348 shares of the real estate investment trust’s stock after selling 1,405 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Welltower were worth $4,139,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Windward Capital Management Co. CA increased its holdings in Welltower by 2.3% during the 3rd quarter. Windward Capital Management Co. CA now owns 37,679 shares of the real estate investment trust’s stock worth $2,424,000 after purchasing an additional 830 shares during the period. Trust Co. of Vermont increased its holdings in Welltower by 76.5% during the 2nd quarter. Trust Co. of Vermont now owns 2,189 shares of the real estate investment trust’s stock worth $138,000 after purchasing an additional 949 shares during the period. Sumitomo Life Insurance Co. increased its holdings in Welltower by 5.2% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 19,867 shares of the real estate investment trust’s stock worth $1,245,000 after purchasing an additional 975 shares during the period. Bogart Wealth LLC increased its holdings in Welltower by 4.1% during the 2nd quarter. Bogart Wealth LLC now owns 30,838 shares of the real estate investment trust’s stock worth $1,933,000 after purchasing an additional 1,203 shares during the period. Finally, Capital Investment Advisors LLC increased its holdings in Welltower by 2.2% during the 2nd quarter. Capital Investment Advisors LLC now owns 56,343 shares of the real estate investment trust’s stock worth $3,532,000 after purchasing an additional 1,232 shares during the period. Institutional investors own 85.05% of the company’s stock.

WELL has been the topic of several recent research reports. Citigroup upped their price target on Welltower to $62.00 and gave the stock a “positive” rating in a report on Wednesday, June 27th. ValuEngine upgraded Welltower from a “strong sell” rating to a “sell” rating in a report on Thursday, June 28th. Jefferies Financial Group upped their price target on Welltower from $56.00 to $64.00 and gave the stock a “hold” rating in a report on Friday, June 29th. TheStreet upgraded Welltower from a “c+” rating to a “b” rating in a report on Friday, July 13th. Finally, BMO Capital Markets restated a “hold” rating and set a $58.00 price target on shares of Welltower in a report on Monday, July 30th. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Welltower currently has a consensus rating of “Hold” and an average target price of $63.00.

WELL opened at $64.47 on Friday. Welltower Inc has a one year low of $49.58 and a one year high of $69.80. The stock has a market capitalization of $23.58 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 2.67 and a beta of 0.25. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.81.

Welltower (NYSE:WELL) last released its quarterly earnings data on Friday, July 27th. The real estate investment trust reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.58). Welltower had a net margin of 13.64% and a return on equity of 4.95%. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.10 billion. The company’s quarterly revenue was up 6.4% on a year-over-year basis. On average, research analysts expect that Welltower Inc will post 4.03 earnings per share for the current year.

Welltower Company Profile

Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The company invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.

Featured Article: How accurate is the Rule of 72?

Institutional Ownership by Quarter for Welltower (NYSE:WELL)

Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply