Outlook Wealth Advisors LLC lessened its stake in Welltower Inc (NYSE:WELL) by 12.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,328 shares of the real estate investment trust’s stock after selling 626 shares during the period. Outlook Wealth Advisors LLC’s holdings in Welltower were worth $392,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Strategic Blueprint LLC acquired a new stake in shares of Welltower in the third quarter valued at approximately $27,000. Kings Point Capital Management acquired a new stake in shares of Welltower in the second quarter valued at approximately $28,000. Gradient Investments LLC increased its holdings in shares of Welltower by 590.3% in the second quarter. Gradient Investments LLC now owns 497 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 425 shares during the last quarter. Duncker Streett & Co. Inc. increased its holdings in shares of Welltower by 27.6% in the second quarter. Duncker Streett & Co. Inc. now owns 591 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 128 shares during the last quarter. Finally, Valeo Financial Advisors LLC increased its holdings in shares of Welltower by 95.8% in the second quarter. Valeo Financial Advisors LLC now owns 603 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 295 shares during the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.
Several research firms have issued reports on WELL. ValuEngine cut Welltower from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. BMO Capital Markets reissued a “buy” rating and set a $86.00 target price on shares of Welltower in a research note on Monday, August 5th. Morgan Stanley raised their target price on Welltower from $91.00 to $95.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 17th. Wood & Company reissued an “average” rating on shares of Welltower in a research note on Thursday, August 22nd. Finally, Stifel Nicolaus raised their target price on Welltower from $87.00 to $93.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $81.77.
WELL stock traded up $1.11 during midday trading on Friday, hitting $92.29. 81,638 shares of the company’s stock were exchanged, compared to its average volume of 1,626,303. Welltower Inc has a 1-year low of $63.22 and a 1-year high of $92.50. The business has a 50-day simple moving average of $89.96 and a two-hundred day simple moving average of $83.54. The stock has a market capitalization of $37.04 billion, a PE ratio of 22.82, a P/E/G ratio of 4.75 and a beta of 0.21. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.95.
Welltower (NYSE:WELL) last released its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.34 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.70). Welltower had a return on equity of 4.62% and a net margin of 11.98%. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the prior year, the business earned $1.00 earnings per share. The company’s quarterly revenue was up 17.2% on a year-over-year basis. As a group, research analysts expect that Welltower Inc will post 4.15 EPS for the current fiscal year.
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.
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