Welltower Inc. $WELL Shares Purchased by Red Cedar Investment Management LLC

Red Cedar Investment Management LLC boosted its stake in shares of Welltower Inc. (NYSE:WELL) by 36.4% in the third quarter, HoldingsChannel.com reports. The fund owned 20,440 shares of the real estate investment trust’s stock after purchasing an additional 5,455 shares during the period. Red Cedar Investment Management LLC’s holdings in Welltower were worth $3,641,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Sachetta LLC increased its position in shares of Welltower by 14.9% during the third quarter. Sachetta LLC now owns 448 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 58 shares in the last quarter. PDS Planning Inc grew its holdings in shares of Welltower by 1.4% in the third quarter. PDS Planning Inc now owns 4,326 shares of the real estate investment trust’s stock valued at $771,000 after purchasing an additional 59 shares during the period. Modera Wealth Management LLC grew its stake in shares of Welltower by 3.4% in the 3rd quarter. Modera Wealth Management LLC now owns 1,807 shares of the real estate investment trust’s stock valued at $322,000 after buying an additional 60 shares during the period. Values First Advisors Inc. lifted its stake in Welltower by 1.0% during the third quarter. Values First Advisors Inc. now owns 6,229 shares of the real estate investment trust’s stock worth $1,110,000 after purchasing an additional 62 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in shares of Welltower by 3.4% in the third quarter. Parkside Financial Bank & Trust now owns 1,928 shares of the real estate investment trust’s stock valued at $343,000 after buying an additional 63 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Cantor Fitzgerald reissued an “overweight” rating and set a $204.00 target price on shares of Welltower in a research note on Monday, January 5th. Morgan Stanley raised their price target on shares of Welltower from $170.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Wall Street Zen raised Welltower from a “sell” rating to a “hold” rating in a research report on Friday. Jefferies Financial Group restated a “buy” rating and issued a $231.00 price objective on shares of Welltower in a report on Monday, December 15th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $205.00 target price on shares of Welltower in a research report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $204.80.

Welltower Trading Up 0.0%

Shares of WELL opened at $183.75 on Tuesday. Welltower Inc. has a 1-year low of $130.29 and a 1-year high of $209.05. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.47 and a quick ratio of 5.47. The firm has a 50 day simple moving average of $191.96 and a 200-day simple moving average of $178.39. The stock has a market cap of $126.11 billion, a price-to-earnings ratio of 126.72, a price-to-earnings-growth ratio of 1.28 and a beta of 0.86.

Welltower (NYSE:WELL) last announced its earnings results on Monday, October 27th. The real estate investment trust reported $1.34 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 company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same period last year, the company posted $1.11 earnings per share. The business’s revenue for the quarter was up 30.7% on a year-over-year basis. Equities analysts forecast that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Company Profile

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.