Welltower Inc (NYSE:WELL) Stock Holdings Trimmed by Morningstar Investment Services LLC

Morningstar Investment Services LLC cut its stake in shares of Welltower Inc (NYSE:WELL) by 3.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 198,313 shares of the real estate investment trust’s stock after selling 6,537 shares during the quarter. Morningstar Investment Services LLC’s holdings in Welltower were worth $10,166,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. NuWave Investment Management LLC acquired a new stake in Welltower in the second quarter worth about $33,000. HHM Wealth Advisors LLC purchased a new position in Welltower in the 1st quarter valued at approximately $32,000. Verus Capital Partners LLC purchased a new position in Welltower in the 4th quarter valued at approximately $58,000. Truvestments Capital LLC purchased a new position in Welltower during the first quarter worth $35,000. Finally, Sound Income Strategies LLC increased its position in Welltower by 59.4% during the first quarter. Sound Income Strategies LLC now owns 805 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 88.23% of the company’s stock.

WELL stock traded down $0.96 during trading on Friday, reaching $53.56. 4,884,848 shares of the company were exchanged, compared to its average volume of 2,129,397. The company has a 50-day moving average of $51.94 and a two-hundred day moving average of $59.44. The company has a market capitalization of $22.36 billion, a price-to-earnings ratio of 17.33, a P/E/G ratio of 6.75 and a beta of 0.84. Welltower Inc has a twelve month low of $24.27 and a twelve month high of $93.17. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.00 and a quick ratio of 2.00.

Welltower (NYSE:WELL) last released its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.01. Welltower had a net margin of 24.71% and a return on equity of 8.51%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the prior year, the company earned $0.71 EPS. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, analysts forecast that Welltower Inc will post 3.43 EPS for the current year.

A number of equities research analysts have recently commented on the company. Capital One Financial cut Welltower from an “overweight” rating to an “equal weight” rating in a report on Thursday, May 7th. Evercore ISI upgraded Welltower from an “in-line” rating to an “outperform” rating in a report on Monday, June 15th. Edward Jones cut Welltower from a “buy” rating to a “hold” rating in a report on Thursday, May 7th. ValuEngine upgraded Welltower from a “sell” rating to a “hold” rating in a report on Friday, May 1st. Finally, Desjardins began coverage on Welltower in a research note on Wednesday, July 22nd. They set a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company’s stock. Welltower presently has an average rating of “Hold” and a consensus price target of $60.86.

About Welltower

Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company 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.

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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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