Checchi Capital Advisers LLC Reduces Stock Holdings in Welltower Inc. $WELL

Checchi Capital Advisers LLC lessened its stake in Welltower Inc. (NYSE:WELL) by 33.6% in the third quarter, Holdings Channel reports. The fund owned 7,128 shares of the real estate investment trust’s stock after selling 3,614 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Welltower were worth $1,270,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Welltower in the second quarter valued at $4,903,554,000. State Street Corp boosted its position in Welltower by 4.6% in 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 buying an additional 1,740,196 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in shares of Welltower by 241.5% during the second quarter. Balyasny Asset Management L.P. now owns 1,241,145 shares of the real estate investment trust’s stock valued at $190,801,000 after acquiring an additional 877,725 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Welltower by 5.1% during the second quarter. Geode Capital Management LLC now owns 15,012,454 shares of the real estate investment trust’s stock worth $2,303,484,000 after acquiring an additional 723,887 shares during the last quarter. Finally, HRT Financial LP lifted its stake in shares of Welltower by 327.7% in the second quarter. HRT Financial LP now owns 712,929 shares of the real estate investment trust’s stock worth $109,598,000 after acquiring an additional 546,225 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Stock Performance

WELL stock opened at $185.52 on Thursday. The stock’s 50 day simple moving average is $189.88 and its 200 day simple moving average is $179.65. Welltower Inc. has a 12-month low of $130.29 and a 12-month high of $209.05. The firm has a market cap of $127.33 billion, a P/E ratio of 127.94, a P/E/G ratio of 1.30 and a beta of 0.85. The company has a current ratio of 5.47, a quick ratio of 5.47 and a debt-to-equity ratio of 0.43.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wells Fargo & Company increased their price target on Welltower from $200.00 to $218.00 and gave the company an “overweight” rating in a report on Tuesday, November 25th. National Bankshares set a $246.00 target price on Welltower in a research note on Friday, October 17th. UBS Group dropped their price target on shares of Welltower from $232.00 to $228.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $204.00 price target on shares of Welltower in a report on Monday, January 5th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Welltower in a research note on Monday, December 29th. 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $204.80.

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.