WestEnd Advisors LLC Has $21.51 Million Stock Position in Welltower Inc. (NYSE:WELL)

WestEnd Advisors LLC cut its stake in shares of Welltower Inc. (NYSE:WELL) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 170,686 shares of the real estate investment trust’s stock after selling 6,105 shares during the period. WestEnd Advisors LLC’s holdings in Welltower were worth $21,512,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WELL. Entropy Technologies LP acquired a new position in Welltower in the fourth quarter valued at about $1,158,000. Empowered Funds LLC grew its position in shares of Welltower by 11.2% in the 4th quarter. Empowered Funds LLC now owns 11,226 shares of the real estate investment trust’s stock valued at $1,415,000 after purchasing an additional 1,132 shares during the period. Wilmington Savings Fund Society FSB increased its stake in Welltower by 5.4% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 2,774 shares of the real estate investment trust’s stock worth $350,000 after purchasing an additional 143 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in Welltower by 15.2% during the 4th quarter. Kingsview Wealth Management LLC now owns 5,720 shares of the real estate investment trust’s stock worth $721,000 after buying an additional 754 shares during the period. Finally, Apollon Wealth Management LLC raised its holdings in Welltower by 17.6% during the 4th quarter. Apollon Wealth Management LLC now owns 4,847 shares of the real estate investment trust’s stock worth $611,000 after buying an additional 724 shares during the period. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Up 0.2 %

WELL stock opened at $142.66 on Friday. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The business’s 50 day simple moving average is $130.34 and its 200 day simple moving average is $127.54. Welltower Inc. has a 1-year low of $85.40 and a 1-year high of $143.39. The firm has a market capitalization of $88.83 billion, a PE ratio of 93.86, a PEG ratio of 2.83 and a beta of 1.23.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WELL. Mizuho increased their price objective on shares of Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Raymond James upped their price objective on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 16th. Bank of America lifted their target price on Welltower from $190.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, January 24th. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and increased their target price for the stock from $132.00 to $147.00 in a report on Thursday, January 2nd. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $134.96.

About Welltower

Welltower Inc (NYSE:WELL), a real estate investment trust (“REIT”) and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower 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.