New York State Common Retirement Fund Sells 26,800 Shares of Welltower Inc. $WELL

New York State Common Retirement Fund trimmed its position in Welltower Inc. (NYSE:WELL) by 3.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 767,265 shares of the real estate investment trust’s stock after selling 26,800 shares during the period. New York State Common Retirement Fund’s holdings in Welltower were worth $136,681,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of WELL. Candriam S.C.A. raised its holdings in Welltower by 2.6% during the second quarter. Candriam S.C.A. now owns 416,674 shares of the real estate investment trust’s stock valued at $64,058,000 after acquiring an additional 10,584 shares during the period. GDS Wealth Management boosted its stake in shares of Welltower by 13.7% in the third quarter. GDS Wealth Management now owns 63,763 shares of the real estate investment trust’s stock worth $11,359,000 after acquiring an additional 7,699 shares during the period. State Street Corp raised its stake in Welltower by 4.6% during the 2nd quarter. State Street Corp now owns 39,616,289 shares of the real estate investment trust’s stock valued at $6,090,212,000 after purchasing an additional 1,740,196 shares during the period. Federated Hermes Inc. lifted its holdings in Welltower by 193.5% in the 2nd quarter. Federated Hermes Inc. now owns 196,453 shares of the real estate investment trust’s stock worth $30,201,000 after purchasing an additional 129,521 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in Welltower by 15.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 75,888 shares of the real estate investment trust’s stock worth $11,668,000 after purchasing an additional 10,269 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on WELL. Scotiabank lifted their price objective on shares of Welltower from $182.00 to $214.00 and gave the company a “sector outperform” rating in a research report on Thursday, November 13th. Morgan Stanley increased their target price on Welltower from $170.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Weiss Ratings restated a “buy (b-)” rating on shares of Welltower in a research report on Monday, December 29th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $205.00 price objective on shares of Welltower in a research report on Thursday, December 18th. Finally, Wells Fargo & Company lifted their price objective on shares of Welltower from $200.00 to $218.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Welltower currently has an average rating of “Moderate Buy” and a consensus price target of $204.80.

Welltower Stock Up 0.3%

Shares of WELL opened at $184.01 on Thursday. The company has a quick ratio of 5.47, a current ratio of 5.47 and a debt-to-equity ratio of 0.43. The business has a fifty day moving average of $191.41 and a 200 day moving average of $178.63. The company has a market cap of $126.29 billion, a PE ratio of 126.90, a P/E/G ratio of 1.27 and a beta of 0.86. Welltower Inc. has a 52-week low of $130.29 and a 52-week high of $209.05.

Welltower (NYSE:WELL) last released its earnings results on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.04. Welltower had a net margin of 9.69% and a return on equity of 2.71%. The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the business earned $1.11 EPS. The business’s revenue was up 30.7% on a year-over-year basis. On average, sell-side analysts expect that Welltower Inc. will post 4.88 EPS for the current year.

About Welltower

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.