State of Alaska Department of Revenue lowered its position in Welltower Inc (NYSE:WELL) by 8.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 185,092 shares of the real estate investment trust’s stock after selling 17,288 shares during the quarter. State of Alaska Department of Revenue’s holdings in Welltower were worth $11,902,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in WELL. Atlantic Trust Group LLC bought a new position in shares of Welltower in the first quarter worth $124,000. Summit Trail Advisors LLC bought a new position in shares of Welltower in the first quarter worth $135,000. Trust Co. of Vermont increased its holdings in shares of Welltower by 76.5% in the second quarter. Trust Co. of Vermont now owns 2,189 shares of the real estate investment trust’s stock worth $138,000 after purchasing an additional 949 shares during the period. Assetmark Inc. bought a new position in shares of Welltower in the first quarter worth $147,000. Finally, Equitec Specialists LLC bought a new position in shares of Welltower in the first quarter worth $155,000. 84.90% of the stock is currently owned by hedge funds and other institutional investors.

WELL opened at $63.96 on Thursday. The firm has a market capitalization of $23.93 billion, a P/E ratio of 15.19, a PEG ratio of 2.71 and a beta of 0.26. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.81. Welltower Inc has a 52 week low of $49.58 and a 52 week high of $69.80.

Welltower (NYSE:WELL) last released its earnings results on Friday, July 27th. The real estate investment trust reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($0.58). Welltower had a net margin of 13.64% and a return on equity of 4.95%. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.10 billion. Welltower’s revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Welltower Inc will post 4.03 earnings per share for the current fiscal year.

WELL has been the topic of several research analyst reports. TheStreet raised shares of Welltower from a “c+” rating to a “b” rating in a report on Friday, July 13th. Stephens reissued a “buy” rating and issued a $64.00 target price on shares of Welltower in a research note on Tuesday, July 31st. Stifel Nicolaus set a $66.00 target price on Welltower and gave the company a “buy” rating in a research note on Monday, July 30th. Royal Bank of Canada set a $63.00 target price on Welltower and gave the company a “hold” rating in a research note on Tuesday, July 31st. Finally, SunTrust Banks set a $64.00 target price on Welltower and gave the company a “hold” rating in a research note on Monday, July 30th. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Welltower presently has an average rating of “Hold” and an average price target of $63.00.

Welltower Company 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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