Welltower Inc. (NYSE:WELL) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama reduced its holdings in shares of Welltower Inc. (NYSE:WELL) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 462,742 shares of the real estate investment trust’s stock after selling 7,677 shares during the quarter. Retirement Systems of Alabama’s holdings in Welltower were worth $58,319,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in WELL. NewEdge Advisors LLC boosted its position 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 valued at $1,005,000 after purchasing an additional 848 shares during the period. Czech National Bank boosted its position in shares of Welltower by 3.5% in the 3rd quarter. Czech National Bank now owns 117,885 shares of the real estate investment trust’s stock valued at $15,093,000 after purchasing an additional 3,947 shares during the period. GAMMA Investing LLC boosted its position in shares of Welltower by 32.0% in the 3rd quarter. GAMMA Investing LLC now owns 9,083 shares of the real estate investment trust’s stock valued at $1,163,000 after purchasing an additional 2,201 shares during the period. Azzad Asset Management Inc. ADV raised its stake in Welltower by 4.0% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 9,743 shares of the real estate investment trust’s stock valued at $1,247,000 after acquiring an additional 378 shares during the last quarter. Finally, Diversified Trust Co raised its stake in Welltower by 93.8% during the 3rd quarter. Diversified Trust Co now owns 18,474 shares of the real estate investment trust’s stock valued at $2,365,000 after acquiring an additional 8,940 shares during the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WELL has been the subject of several analyst reports. Mizuho upped their price objective on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Raymond James upped their price objective on Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Monday, December 16th. Bank of America upped their price objective on Welltower from $190.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Scotiabank increased their target price on Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a research note on Monday, January 27th. Finally, StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Welltower currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.96.

Welltower Trading Down 1.0 %

Shares of NYSE WELL opened at $138.95 on Wednesday. The stock’s 50 day moving average price is $130.13 and its two-hundred day moving average price is $126.87. Welltower Inc. has a 52-week low of $85.40 and a 52-week high of $140.75. The stock has a market capitalization of $86.52 billion, a P/E ratio of 91.42, a PEG ratio of 2.71 and a beta of 1.23. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51.

Welltower Profile

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.