Fjarde AP Fonden Fourth Swedish National Pension Fund Lowers Stock Holdings in Welltower Inc (NYSE:WELL)
Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its position in Welltower Inc (NYSE:WELL) by 2.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 115,643 shares of the real estate investment trust’s stock after selling 3,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Welltower were worth $9,428,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in WELL. Orrstown Financial Services Inc. purchased a new stake in shares of Welltower during the 1st quarter valued at $25,000. Citizens Financial Group Inc RI purchased a new stake in shares of Welltower during the 1st quarter valued at $30,000. Massey Quick Simon & CO. LLC purchased a new stake in shares of Welltower during the 1st quarter valued at $31,000. Heritage Wealth Advisors grew its stake in shares of Welltower by 464.6% during the 1st quarter. Heritage Wealth Advisors now owns 446 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 367 shares during the period. Finally, Gradient Investments LLC grew its stake in shares of Welltower by 590.3% during the 2nd quarter. Gradient Investments LLC now owns 497 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 425 shares during the period. 87.01% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently issued reports on the stock. BMO Capital Markets lowered their price objective on shares of AKITA Drilling from C$5.00 to C$3.50 in a research note on Tuesday, May 7th. Scotiabank set a $80.00 target price on shares of Welltower and gave the company a “hold” rating in a report on Friday, June 14th. Raymond James initiated coverage on shares of Adverum Biotechnologies in a report on Thursday, June 13th. They set a “market perform” rating on the stock. Finally, Deutsche Bank lifted their target price on shares of Welltower from $61.00 to $71.00 and gave the company a “hold” rating in a report on Friday, March 29th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Welltower presently has an average rating of “Buy” and a consensus price target of $74.79.
Shares of NYSE:WELL traded up $0.50 during midday trading on Friday, hitting $83.13. 1,588,763 shares of the company’s stock traded hands, compared to its average volume of 1,784,639. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $33.46 billion, a P/E ratio of 20.63, a PEG ratio of 4.07 and a beta of 0.29. The firm has a fifty day moving average price of $83.51. Welltower Inc has a twelve month low of $60.74 and a twelve month high of $86.91.
Welltower (NYSE:WELL) last posted its earnings results on Tuesday, April 30th. The real estate investment trust reported $1.02 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.02. Welltower had a net margin of 13.06% and a return on equity of 4.97%. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the previous year, the business posted $0.99 EPS. The business’s quarterly revenue was up 16.0% on a year-over-year basis. On average, equities research analysts forecast that Welltower Inc will post 4.19 EPS for the current fiscal year.
Welltower Company Profile
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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