Sumitomo Life Insurance Co. Sells 412 Shares of Welltower Inc. (NYSE:WELL)

Sumitomo Life Insurance Co. lessened its stake in Welltower Inc. (NYSE:WELL) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,260 shares of the real estate investment trust’s stock after selling 412 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Welltower were worth $2,049,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of WELL. BSW Wealth Partners boosted its holdings in shares of Welltower by 18.9% in the 4th quarter. BSW Wealth Partners now owns 2,893 shares of the real estate investment trust’s stock valued at $365,000 after purchasing an additional 460 shares in the last quarter. Perigon Wealth Management LLC lifted its position in shares of Welltower by 48.6% during the 4th quarter. Perigon Wealth Management LLC now owns 3,549 shares of the real estate investment trust’s stock worth $457,000 after buying an additional 1,160 shares during the last quarter. Nilsine Partners LLC boosted its stake in Welltower by 6.9% in the fourth quarter. Nilsine Partners LLC now owns 3,103 shares of the real estate investment trust’s stock valued at $391,000 after buying an additional 201 shares in the last quarter. KBC Group NV grew its position in Welltower by 78.7% in the fourth quarter. KBC Group NV now owns 396,776 shares of the real estate investment trust’s stock valued at $50,005,000 after acquiring an additional 174,771 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in Welltower by 32.4% during the fourth quarter. Blue Trust Inc. now owns 7,532 shares of the real estate investment trust’s stock worth $964,000 after acquiring an additional 1,844 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Trading Down 0.8 %

WELL opened at $137.28 on Wednesday. Welltower Inc. has a fifty-two week low of $85.40 and a fifty-two week high of $140.75. The firm has a market capitalization of $85.48 billion, a PE ratio of 90.32, a P/E/G ratio of 2.64 and a beta of 1.22. 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 company’s 50-day moving average is $130.15 and its 200 day moving average is $125.76.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). The company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 earnings per share. As a group, research analysts predict that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on WELL shares. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Raymond James lifted their price target on Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Monday, December 16th. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and boosted their price target for the stock from $132.00 to $147.00 in a report on Thursday, January 2nd. Wells Fargo & Company reiterated an “equal weight” rating and issued a $135.00 price objective (up previously from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Finally, Scotiabank boosted their target price on shares of Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a report on Monday. 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.