Spinnaker Trust Decreases Stake in Welltower Inc. $WELL

Spinnaker Trust reduced its holdings in shares of Welltower Inc. (NYSE:WELL) by 12.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,500 shares of the real estate investment trust’s stock after selling 3,332 shares during the quarter. Spinnaker Trust’s holdings in Welltower were worth $4,008,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Welltower by 7.1% in the 4th quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust’s stock worth $527,000 after buying an additional 279 shares during the last quarter. Empowered Funds LLC boosted its stake in Welltower by 31.7% in the first quarter. Empowered Funds LLC now owns 14,790 shares of the real estate investment trust’s stock valued at $2,266,000 after acquiring an additional 3,564 shares during the last quarter. Sivia Capital Partners LLC grew its position in shares of Welltower by 7.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,910 shares of the real estate investment trust’s stock valued at $294,000 after acquiring an additional 127 shares during the period. DAVENPORT & Co LLC increased its stake in shares of Welltower by 24.8% during the 2nd quarter. DAVENPORT & Co LLC now owns 5,957 shares of the real estate investment trust’s stock worth $916,000 after purchasing an additional 1,182 shares during the last quarter. Finally, Belpointe Asset Management LLC bought a new stake in shares of Welltower in the 2nd quarter worth approximately $603,000. Institutional investors own 94.80% of the company’s stock.

Welltower Trading Up 2.7%

Shares of WELL opened at $196.16 on Friday. Welltower Inc. has a 1-year low of $130.29 and a 1-year high of $209.05. The company has a market capitalization of $134.63 billion, a P/E ratio of 135.28, a P/E/G ratio of 1.33 and a beta of 0.85. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.47 and a quick ratio of 5.47. The firm’s 50 day simple moving average is $189.33 and its 200 day simple moving average is $179.97.

Analysts Set New Price Targets

WELL has been the topic of several research reports. Jefferies Financial Group restated a “buy” rating and issued a $231.00 target price on shares of Welltower in a research note on Monday, December 15th. National Bankshares set a $246.00 price objective on shares of Welltower in a report on Friday, October 17th. Scotiabank increased their target price on shares of Welltower from $182.00 to $214.00 and gave the stock a “sector outperform” rating in a research report on Thursday, November 13th. Morgan Stanley boosted their price target on shares of Welltower from $170.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Finally, Loop Capital set a $196.00 price objective on shares of Welltower in a report on Wednesday, October 29th. One research 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.