Oppenheimer Asset Management Inc. Raises Stock Holdings in Welltower Inc. $WELL

Oppenheimer Asset Management Inc. boosted its holdings in Welltower Inc. (NYSE:WELL) by 73.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 64,179 shares of the real estate investment trust’s stock after buying an additional 27,265 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Welltower were worth $9,866,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. LPL Financial LLC raised its position in Welltower by 3.9% in the 1st quarter. LPL Financial LLC now owns 258,052 shares of the real estate investment trust’s stock worth $39,536,000 after buying an additional 9,678 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC grew its stake in shares of Welltower by 55.6% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,013,247 shares of the real estate investment trust’s stock valued at $461,660,000 after purchasing an additional 1,076,293 shares during the period. Jump Financial LLC bought a new stake in shares of Welltower during the 1st quarter valued at about $1,697,000. Beacon Financial Planning Inc. grew its stake in shares of Welltower by 6.8% during the 1st quarter. Beacon Financial Planning Inc. now owns 27,893 shares of the real estate investment trust’s stock valued at $4,274,000 after purchasing an additional 1,780 shares during the period. Finally, Summit Trail Advisors LLC grew its stake in shares of Welltower by 61.4% during the 1st quarter. Summit Trail Advisors LLC now owns 6,756 shares of the real estate investment trust’s stock valued at $1,035,000 after purchasing an additional 2,571 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Trading Up 1.1%

Shares of NYSE:WELL opened at $178.04 on Monday. The stock has a 50 day moving average of $170.05 and a 200 day moving average of $159.42. The company has a market cap of $119.08 billion, a PE ratio of 100.59, a price-to-earnings-growth ratio of 1.99 and a beta of 0.92. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.44. Welltower Inc. has a 12-month low of $123.11 and a 12-month high of $180.40.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the previous year, the company posted $1.05 EPS. The firm’s revenue was up 39.6% on a year-over-year basis. As a group, equities research analysts expect that Welltower Inc. will post 4.88 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on WELL. Weiss Ratings restated a “buy (b)” rating on shares of Welltower in a research note on Friday. National Bankshares set a $246.00 price target on Welltower in a research note on Friday, October 17th. Evercore ISI boosted their price target on Welltower from $175.00 to $183.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. KeyCorp boosted their price target on Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, September 23rd. Finally, Raymond James Financial restated a “strong-buy” rating on shares of Welltower in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $186.43.

About Welltower

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.