Welltower Inc (WELL) Position Lowered by Wesbanco Bank Inc.

Wesbanco Bank Inc. cut its position in shares of Welltower Inc (NYSE:WELL) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,168 shares of the real estate investment trust’s stock after selling 1,361 shares during the period. Wesbanco Bank Inc.’s holdings in Welltower were worth $1,886,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in WELL. Vanguard Group Inc. purchased a new stake in Welltower in the 3rd quarter valued at about $3,075,144,000. Vanguard Group Inc bought a new stake in shares of Welltower in the 3rd quarter valued at about $3,075,144,000. BlackRock Inc. bought a new stake in shares of Welltower in the 3rd quarter valued at about $2,461,568,000. Cohen & Steers Inc. bought a new stake in shares of Welltower in the 3rd quarter valued at about $1,459,560,000. Finally, FMR LLC bought a new stake in shares of Welltower in the 3rd quarter valued at about $473,389,000. 89.28% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on WELL shares. ValuEngine upgraded shares of Welltower from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. SunTrust Banks boosted their price objective on shares of Welltower to $72.00 and gave the stock a “hold” rating in a research note on Wednesday, October 31st. boosted their price objective on shares of Welltower to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 31st. Scotiabank initiated coverage on shares of Welltower in a research note on Monday, December 10th. They set a “sector perform” rating and a $74.00 price objective for the company. Finally, Wells Fargo & Co upgraded shares of Welltower from a “market perform” rating to an “outperform” rating in a research note on Tuesday, December 11th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $65.71.

Welltower stock traded up $0.20 during mid-day trading on Monday, reaching $77.41. 439,489 shares of the company traded hands, compared to its average volume of 1,987,717. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.93. Welltower Inc has a fifty-two week low of $49.58 and a fifty-two week high of $77.90. The firm has a market capitalization of $29.00 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 3.62 and a beta of 0.47.

In other Welltower news, EVP Mercedes Kerr sold 4,342 shares of the company’s stock in a transaction that occurred on Tuesday, December 11th. The shares were sold at an average price of $73.17, for a total transaction of $317,704.14. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.17% of the company’s stock.

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Welltower Profile

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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