Welltower Inc. $WELL Stock Holdings Lowered by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S cut its holdings in shares of Welltower Inc. (NYSE:WELL) by 39.4% in the 3rd quarter, Holdings Channel reports. The firm owned 84,770 shares of the real estate investment trust’s stock after selling 55,002 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Welltower were worth $15,101,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in WELL. Global Wealth Strategies & Associates bought a new stake in shares of Welltower during the 3rd quarter worth $36,000. Newbridge Financial Services Group Inc. boosted its position in shares of Welltower by 39.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 307 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 87 shares during the period. Copia Wealth Management purchased a new position in Welltower in the 2nd quarter worth about $51,000. City Holding Co. purchased a new position in Welltower in the 3rd quarter worth about $59,000. Finally, Salomon & Ludwin LLC acquired a new stake in Welltower during the 3rd quarter worth about $59,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Stock Performance

Shares of WELL opened at $191.16 on Friday. The company has a market capitalization of $131.20 billion, a PE ratio of 131.83, a PEG ratio of 1.29 and a beta of 0.85. The company has a debt-to-equity ratio of 0.43, a quick ratio of 5.47 and a current ratio of 5.47. The company’s 50 day moving average price is $189.58 and its 200 day moving average price is $179.73. Welltower Inc. has a 52 week low of $130.29 and a 52 week high of $209.05.

Wall Street Analysts Forecast Growth

WELL has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Welltower from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $205.00 price objective on shares of Welltower in a research note on Thursday, December 18th. Morgan Stanley lifted their price objective on shares of Welltower from $170.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Loop Capital set a $196.00 target price on Welltower in a report on Wednesday, October 29th. Finally, National Bankshares set a $246.00 target price on Welltower in a research report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Welltower has a consensus rating of “Moderate Buy” and a consensus price target of $204.80.

About Welltower

Welltower Inc (NYSE: WELL) is a real estate investment trust (REIT) that acquires and manages real estate serving the health care industry. The company specializes in healthcare infrastructure, owning and operating a diversified portfolio of senior housing, post-acute and long-term care communities, and outpatient medical properties. Welltower’s assets are designed to support the delivery of health care services through a combination of leased properties, joint ventures, and other capital arrangements with health care operators and providers.

The company’s property types include assisted living, memory care, independent living and skilled nursing facilities, as well as medical office buildings and other outpatient-care real estate such as ambulatory surgery centers and specialty clinics.