BTR Capital Management Inc. Sells 145 Shares of Welltower Inc (NYSE:WELL)

BTR Capital Management Inc. trimmed its position in Welltower Inc (NYSE:WELL) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,730 shares of the real estate investment trust’s stock after selling 145 shares during the quarter. BTR Capital Management Inc.’s holdings in Welltower were worth $223,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Outlook Wealth Advisors LLC grew its stake in Welltower by 5.0% in the 2nd quarter. Outlook Wealth Advisors LLC now owns 4,954 shares of the real estate investment trust’s stock valued at $404,000 after buying an additional 237 shares during the last quarter. Pictet Asset Management Ltd. grew its stake in Welltower by 5.8% in the 3rd quarter. Pictet Asset Management Ltd. now owns 280,065 shares of the real estate investment trust’s stock valued at $25,388,000 after buying an additional 15,300 shares during the last quarter. National Pension Service grew its stake in Welltower by 4.7% in the 3rd quarter. National Pension Service now owns 528,797 shares of the real estate investment trust’s stock valued at $47,935,000 after buying an additional 23,760 shares during the last quarter. Unigestion Holding SA acquired a new position in Welltower in the 3rd quarter valued at about $45,751,000. Finally, Colony Group LLC grew its stake in Welltower by 10.6% in the 3rd quarter. Colony Group LLC now owns 12,435 shares of the real estate investment trust’s stock valued at $1,127,000 after buying an additional 1,194 shares during the last quarter. 89.01% of the stock is currently owned by institutional investors.

Shares of NYSE:WELL traded down $0.30 on Friday, reaching $86.25. 314,458 shares of the company’s stock were exchanged, compared to its average volume of 1,800,908. The company has a fifty day moving average of $81.86 and a 200-day moving average of $85.94. Welltower Inc has a twelve month low of $71.18 and a twelve month high of $93.17. The company has a market capitalization of $35.14 billion, a price-to-earnings ratio of 21.40, a PEG ratio of 4.74 and a beta of 0.14. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.84.

WELL has been the topic of a number of research reports. Barclays lowered shares of Welltower from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $88.00 to $93.00 in a research note on Tuesday, October 1st. They noted that the move was a valuation call. Evercore ISI upgraded shares of Welltower from an “in-line” rating to an “outperform” rating and set a $89.00 price target on the stock in a research note on Monday, January 6th. ValuEngine lowered shares of Welltower from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. lowered shares of Welltower from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $90.00 to $84.00 in a research report on Wednesday, December 18th. Finally, Morgan Stanley decreased their target price on shares of Welltower from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 18th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Welltower currently has a consensus rating of “Hold” and a consensus target price of $84.10.

About Welltower

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.

Further Reading: Derivative

Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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