Swedbank AB Decreases Stock Holdings in Welltower Inc. (NYSE:WELL)

Swedbank AB decreased its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 635,283 shares of the real estate investment trust's stock after selling 10,763 shares during the quarter. Swedbank AB owned about 0.10% of Welltower worth $80,065,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Forsta AP Fonden boosted its holdings in Welltower by 2.9% during the 4th quarter. Forsta AP Fonden now owns 156,900 shares of the real estate investment trust's stock worth $19,774,000 after acquiring an additional 4,400 shares during the last quarter. Patton Fund Management Inc. bought a new position in Welltower during the fourth quarter valued at about $6,478,000. BSW Wealth Partners raised its position in Welltower by 18.9% in the fourth quarter. BSW Wealth Partners now owns 2,893 shares of the real estate investment trust's stock worth $365,000 after acquiring an additional 460 shares during the period. Perigon Wealth Management LLC boosted its stake in Welltower by 48.6% in the fourth quarter. Perigon Wealth Management LLC now owns 3,549 shares of the real estate investment trust's stock valued at $457,000 after acquiring an additional 1,160 shares during the last quarter. Finally, Nilsine Partners LLC grew its position in shares of Welltower by 6.9% during the 4th quarter. Nilsine Partners LLC now owns 3,103 shares of the real estate investment trust's stock valued at $391,000 after acquiring an additional 201 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Stock Performance

Shares of WELL traded up $2.56 on Thursday, reaching $137.49. The company's stock had a trading volume of 613,894 shares, compared to its average volume of 2,478,087. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. The stock has a market capitalization of $85.61 billion, a P/E ratio of 90.49, a PEG ratio of 2.64 and a beta of 1.22. Welltower Inc. has a 12-month low of $85.40 and a 12-month high of $140.75. The stock's 50 day simple moving average is $130.08 and its two-hundred day simple moving average is $126.05.

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

Analysts Set New Price Targets

WELL has been the topic of a number of recent research reports. Bank of America upped their price target on Welltower from $190.00 to $221.00 and gave the company a "buy" rating in a research report on Friday, January 24th. StockNews.com raised shares of Welltower from a "sell" rating to a "hold" rating in a report on Wednesday, October 30th. Scotiabank raised their price target on shares of Welltower from $142.00 to $144.00 and gave the company a "sector outperform" rating in a report on Monday. Raymond James upped their price target 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. Finally, Mizuho boosted their target price on Welltower from $136.00 to $141.00 and gave the stock an "outperform" rating in a research report on Thursday, December 5th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Welltower presently has a consensus rating of "Moderate Buy" and a consensus 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.