Pacer Advisors Inc. Sells 11,685 Shares of Welltower Inc. (NYSE:WELL)

Pacer Advisors Inc. trimmed its holdings in shares of Welltower Inc. (NYSE:WELL) by 15.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,770 shares of the real estate investment trust’s stock after selling 11,685 shares during the quarter. Pacer Advisors Inc.’s holdings in Welltower were worth $7,785,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC increased its stake in shares of Welltower by 9.6% in the 2nd quarter. NewEdge Advisors LLC now owns 9,641 shares of the real estate investment trust’s stock worth $1,005,000 after purchasing an additional 848 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Welltower in the second quarter worth about $1,389,000. Cetera Investment Advisers lifted its position in shares of Welltower by 4.3% during the 2nd quarter. Cetera Investment Advisers now owns 85,691 shares of the real estate investment trust’s stock valued at $8,933,000 after buying an additional 3,517 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of Welltower by 2.4% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 121,278 shares of the real estate investment trust’s stock valued at $12,643,000 after acquiring an additional 2,878 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in Welltower in the 2nd quarter worth approximately $8,794,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WELL has been the subject of a number of recent analyst reports. Scotiabank upped their price target on shares of Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a research report on Monday. Raymond James increased their price target on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 16th. Mizuho upped their price objective on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. 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 note on Friday, January 24th. Finally, Jefferies Financial Group raised shares of Welltower from a “hold” rating to a “buy” rating and increased their price objective for the company from $132.00 to $147.00 in a report on Thursday, January 2nd. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Welltower currently has an average rating of “Moderate Buy” and a consensus price target of $134.96.

Welltower Stock Performance

Welltower stock opened at $135.08 on Thursday. Welltower Inc. has a 1-year low of $85.40 and a 1-year high of $140.75. The company’s 50-day moving average is $130.13 and its 200 day moving average is $125.99. The firm has a market capitalization of $84.11 billion, a P/E ratio of 88.87, a price-to-earnings-growth ratio of 2.64 and a beta of 1.22. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. Welltower’s revenue was up 23.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 earnings per share. Research analysts forecast that Welltower Inc. will post 4.3 EPS for the current year.

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.