Pacer Advisors Inc. Sells 11,685 Shares of Welltower Inc. (NYSE:WELL)

Pacer Advisors Inc. reduced its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 15.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,770 shares of the real estate investment trust's stock after selling 11,685 shares during the quarter. Pacer Advisors Inc.'s holdings in Welltower were worth $7,785,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC raised its stake in Welltower by 37.0% in the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust's stock worth $37,000 after buying an additional 78 shares in the last quarter. Old North State Wealth Management LLC boosted its holdings in shares of Welltower by 0.6% during the 3rd quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust's stock valued at $1,648,000 after buying an additional 78 shares in the last quarter. Frank Rimerman Advisors LLC increased its stake in shares of Welltower by 0.9% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 9,617 shares of the real estate investment trust's stock worth $1,231,000 after acquiring an additional 82 shares in the last quarter. Graypoint LLC boosted its stake in Welltower by 2.5% during the fourth quarter. Graypoint LLC now owns 3,427 shares of the real estate investment trust's stock worth $432,000 after acquiring an additional 84 shares in the last quarter. Finally, Investment Advisory Group LLC grew its holdings in Welltower by 1.8% in the fourth quarter. Investment Advisory Group LLC now owns 4,889 shares of the real estate investment trust's stock worth $616,000 after purchasing an additional 85 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Welltower Price Performance

Shares of NYSE:WELL traded up $2.15 during mid-day trading on Thursday, reaching $137.08. The stock had a trading volume of 1,906,669 shares, compared to its average volume of 2,547,199. The business's 50 day moving average price is $130.08 and its 200 day moving average price is $126.05. Welltower Inc. has a 1 year low of $85.40 and a 1 year high of $140.75. The company has a market cap of $85.36 billion, a P/E ratio of 90.19, a price-to-earnings-growth ratio of 2.64 and a beta of 1.22. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51.

Welltower (NYSE:WELL - Get Free Report) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing analysts' consensus estimates of $1.04 by ($0.31). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the company posted $0.92 earnings per share. The firm's revenue was up 23.7% compared to the same quarter last year. Research analysts expect that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WELL has been the topic of a number of analyst reports. StockNews.com upgraded shares of Welltower from a "sell" rating to a "hold" rating in a research note on Wednesday, October 30th. Mizuho boosted their target price on shares of Welltower from $136.00 to $141.00 and gave the company an "outperform" rating in a research note on Thursday, December 5th. Jefferies Financial Group upgraded Welltower from a "hold" rating to a "buy" rating and raised their price target for the stock from $132.00 to $147.00 in a research note on Thursday, January 2nd. Bank of America raised their target price on Welltower from $190.00 to $221.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Finally, Raymond James raised their price objective on shares of Welltower from $145.00 to $155.00 and gave the stock a "strong-buy" rating in a report on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $134.96.

Welltower Company Profile

Welltower Inc NYSE: WELL, a real estate investment trust ("REIT") and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.