Magnetar Financial LLC Has $612,000 Stock Position in Welltower Inc. (NYSE:WELL)

Magnetar Financial LLC lessened its holdings in Welltower Inc. (NYSE:WELL) by 84.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,551 shares of the real estate investment trust’s stock after selling 35,964 shares during the period. Magnetar Financial LLC’s holdings in Welltower were worth $612,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Rise Advisors LLC bought a new position in Welltower during the 1st quarter worth $27,000. Manchester Capital Management LLC boosted its stake in shares of Welltower by 338.7% during the first quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 254 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in shares of Welltower during the fourth quarter valued at about $35,000. Opal Wealth Advisors LLC bought a new position in shares of Welltower during the first quarter worth about $43,000. Finally, Creekmur Asset Management LLC bought a new position in shares of Welltower during the fourth quarter worth about $45,000. Institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

WELL has been the subject of a number of research analyst reports. KeyCorp lifted their target price on Welltower from $95.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, July 2nd. Morgan Stanley raised their price objective on Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Scotiabank raised their price objective on Welltower from $96.00 to $108.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 16th. Wells Fargo & Company raised their price objective on Welltower from $107.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. Finally, Mizuho boosted their price objective on Welltower from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $101.32.

Welltower Price Performance

NYSE WELL traded down $0.04 during trading on Monday, reaching $109.74. The company’s stock had a trading volume of 151,726 shares, compared to its average volume of 2,649,797. The stock has a market capitalization of $65.62 billion, a PE ratio of 135.53, a P/E/G ratio of 2.70 and a beta of 1.18. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.83 and a quick ratio of 3.83. The firm has a fifty day moving average of $104.21 and a 200 day moving average of $96.35. Welltower Inc. has a one year low of $78.38 and a one year high of $111.85.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.72). Welltower had a return on equity of 1.77% and a net margin of 6.37%. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. Welltower’s revenue for the quarter was up 19.2% compared to the same quarter last year. Analysts expect that Welltower Inc. will post 4.13 EPS for the current fiscal year.

Insider Transactions at Welltower

In related news, Director Kenneth J. Bacon sold 1,800 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $103.91, for a total transaction of $187,038.00. Following the completion of the sale, the director now directly owns 14,579 shares in the company, valued at approximately $1,514,903.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.12% of the company’s stock.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.