Foundations Investment Advisors LLC Sells 3,157 Shares of Welltower Inc. $WELL

Foundations Investment Advisors LLC cut its stake in Welltower Inc. (NYSE:WELL) by 57.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,366 shares of the real estate investment trust’s stock after selling 3,157 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Welltower were worth $422,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Candriam S.C.A. boosted its stake in shares of Welltower by 2.6% during the 2nd quarter. Candriam S.C.A. now owns 416,674 shares of the real estate investment trust’s stock worth $64,058,000 after acquiring an additional 10,584 shares during the last quarter. GDS Wealth Management raised its holdings in Welltower by 13.7% in the 3rd quarter. GDS Wealth Management now owns 63,763 shares of the real estate investment trust’s stock worth $11,359,000 after purchasing an additional 7,699 shares during the period. State Street Corp lifted its position in Welltower by 4.6% during the second quarter. State Street Corp now owns 39,616,289 shares of the real estate investment trust’s stock valued at $6,090,212,000 after purchasing an additional 1,740,196 shares in the last quarter. Federated Hermes Inc. grew its holdings in Welltower by 193.5% during the second quarter. Federated Hermes Inc. now owns 196,453 shares of the real estate investment trust’s stock valued at $30,201,000 after purchasing an additional 129,521 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its position in Welltower by 15.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 75,888 shares of the real estate investment trust’s stock worth $11,668,000 after buying an additional 10,269 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Performance

WELL opened at $187.60 on Tuesday. 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 stock has a market capitalization of $128.75 billion, a price-to-earnings ratio of 129.38, a PEG ratio of 1.31 and a beta of 0.85. The company has a fifty day moving average of $190.64 and a 200 day moving average of $179.40. Welltower Inc. has a fifty-two week low of $130.29 and a fifty-two week high of $209.05.

Analyst Ratings Changes

WELL has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on Welltower from $170.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Wall Street Zen upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. National Bankshares set a $246.00 price objective on shares of Welltower in a research report on Friday, October 17th. JPMorgan Chase & Co. restated a “neutral” rating and set a $205.00 target price on shares of Welltower in a research note on Thursday, December 18th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $231.00 target price on shares of Welltower in a report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.