Vanderbilt University Decreases Stock Holdings in Welltower Inc. (NYSE:WELL)

Vanderbilt University lowered its holdings in Welltower Inc. (NYSE:WELL) by 9.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,861 shares of the real estate investment trust’s stock after selling 2,971 shares during the period. Welltower makes up 0.7% of Vanderbilt University’s portfolio, making the stock its 27th biggest position. Vanderbilt University’s holdings in Welltower were worth $3,695,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Wealth Enhancement Advisory Services LLC raised its position in Welltower by 4.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 117,676 shares of the real estate investment trust’s stock valued at $10,996,000 after purchasing an additional 4,506 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Welltower by 17.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 53,732 shares of the real estate investment trust’s stock worth $5,021,000 after acquiring an additional 7,849 shares in the last quarter. Cullinan Associates Inc. purchased a new position in Welltower in the 1st quarter worth approximately $543,000. Naviter Wealth LLC grew its position in Welltower by 11.4% in the first quarter. Naviter Wealth LLC now owns 32,822 shares of the real estate investment trust’s stock valued at $3,067,000 after acquiring an additional 3,371 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in Welltower by 1.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,477,382 shares of the real estate investment trust’s stock valued at $231,487,000 after acquiring an additional 30,688 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on WELL. Evercore ISI upped their target price on shares of Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft raised their target price on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Wedbush boosted their price target on Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Wells Fargo & Company restated an “equal weight” rating and set a $135.00 price objective (up previously from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Finally, KeyCorp upped their target price on Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $115.38.

Welltower Stock Performance

Shares of NYSE:WELL traded up $0.90 on Monday, reaching $131.10. 112,485 shares of the company’s stock were exchanged, compared to its average volume of 2,661,727. The business’s 50-day moving average is $125.63 and its two-hundred day moving average is $111.09. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.47. Welltower Inc. has a fifty-two week low of $80.80 and a fifty-two week high of $132.66. The firm has a market capitalization of $79.86 billion, a price-to-earnings ratio of 126.41, a PEG ratio of 2.91 and a beta of 1.21.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.08. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.89 billion. Welltower had a net margin of 8.36% and a return on equity of 2.21%. Welltower’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.90 earnings per share. As a group, equities research analysts forecast that Welltower Inc. will post 4.19 EPS for the current year.

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.