Welltower Inc. $WELL Shares Sold by UMB Bank n.a.

UMB Bank n.a. lowered its position in Welltower Inc. (NYSE:WELL) by 11.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 179,936 shares of the real estate investment trust’s stock after selling 22,963 shares during the quarter. UMB Bank n.a.’s holdings in Welltower were worth $32,054,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Global Wealth Strategies & Associates purchased a new position in Welltower during the 3rd quarter valued at about $36,000. Newbridge Financial Services Group Inc. grew its position in shares of Welltower by 39.5% in the second 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 last quarter. Copia Wealth Management acquired a new stake in shares of Welltower in the second quarter valued at approximately $51,000. NewSquare Capital LLC increased its stake in shares of Welltower by 30.2% during the 2nd quarter. NewSquare Capital LLC now owns 362 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 84 shares in the last quarter. Finally, Salomon & Ludwin LLC acquired a new position in shares of Welltower during the 3rd quarter worth approximately $59,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on WELL. National Bankshares set a $246.00 target price on Welltower in a report on Friday, October 17th. Jefferies Financial Group restated a “buy” rating and issued a $231.00 price objective on shares of Welltower in a research report on Monday, December 15th. Loop Capital set a $196.00 price objective on Welltower in a research note on Wednesday, October 29th. Wells Fargo & Company boosted their target price on shares of Welltower from $200.00 to $218.00 and gave the company an “overweight” rating in a research note on Tuesday, November 25th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $205.00 price target on shares of Welltower in a research note on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $204.80.

Welltower Stock Up 1.4%

Shares of NYSE:WELL opened at $188.25 on Friday. The company has a current ratio of 5.47, a quick ratio of 5.47 and a debt-to-equity ratio of 0.43. The firm has a market cap of $129.20 billion, a price-to-earnings ratio of 129.82, a PEG ratio of 1.29 and a beta of 0.86. The stock’s 50-day moving average price is $190.94 and its two-hundred day moving average price is $179.04. Welltower Inc. has a 12-month low of $130.29 and a 12-month high of $209.05.

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.