Bank of New York Mellon Corp Decreases Stake in Welltower Inc. $WELL

Bank of New York Mellon Corp lowered its stake in Welltower Inc. (NYSE:WELL) by 0.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,012,933 shares of the real estate investment trust’s stock after selling 3,026 shares during the period. Bank of New York Mellon Corp’s holdings in Welltower were worth $714,864,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in WELL. State Street Corp increased its stake in shares of Welltower by 4.6% in the second quarter. State Street Corp now owns 39,616,289 shares of the real estate investment trust’s stock worth $6,090,212,000 after buying an additional 1,740,196 shares during the period. Norges Bank bought a new stake in Welltower in the 2nd quarter worth $4,903,554,000. Geode Capital Management LLC grew its holdings in Welltower by 5.1% in the 2nd quarter. Geode Capital Management LLC now owns 15,012,454 shares of the real estate investment trust’s stock worth $2,303,484,000 after acquiring an additional 723,887 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Welltower by 1.9% in the second quarter. JPMorgan Chase & Co. now owns 7,898,391 shares of the real estate investment trust’s stock valued at $1,214,232,000 after acquiring an additional 149,724 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Welltower by 5.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 7,329,291 shares of the real estate investment trust’s stock valued at $1,126,732,000 after acquiring an additional 372,697 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Stock Up 0.3%

WELL stock opened at $184.01 on Thursday. Welltower Inc. has a fifty-two week low of $130.29 and a fifty-two week high of $209.05. The company has a market capitalization of $126.29 billion, a price-to-earnings ratio of 126.90, a price-to-earnings-growth ratio of 1.27 and a beta of 0.86. The business’s 50 day moving average price is $191.41 and its two-hundred day moving average price is $178.63. The company has a debt-to-equity ratio of 0.43, a quick ratio of 5.47 and a current ratio of 5.47.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.04. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.70 billion. Welltower had a return on equity of 2.71% and a net margin of 9.69%.The firm’s revenue was up 30.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.11 earnings per share. As a group, analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on WELL. National Bankshares set a $246.00 target price on shares of Welltower in a report on Friday, October 17th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Welltower in a report on Monday, December 29th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $204.00 price objective on shares of Welltower in a report on Monday, January 5th. Scotiabank boosted their target price on Welltower from $182.00 to $214.00 and gave the company a “sector outperform” rating in a research note on Thursday, November 13th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $205.00 price target on shares of Welltower in a research note on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Welltower presently has a consensus rating of “Moderate Buy” and a consensus price target of $204.80.

Welltower Profile

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.