Knights of Columbus Asset Advisors LLC Purchases 2,856 Shares of Welltower Inc. $WELL

Knights of Columbus Asset Advisors LLC raised its position in shares of Welltower Inc. (NYSE:WELL) by 2.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 118,425 shares of the real estate investment trust’s stock after buying an additional 2,856 shares during the quarter. Welltower comprises approximately 1.2% of Knights of Columbus Asset Advisors LLC’s portfolio, making the stock its 13th biggest position. Knights of Columbus Asset Advisors LLC’s holdings in Welltower were worth $21,096,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. AE Wealth Management LLC grew its holdings in Welltower by 5.8% in the third quarter. AE Wealth Management LLC now owns 3,188 shares of the real estate investment trust’s stock worth $568,000 after purchasing an additional 175 shares during the period. Private Wealth Asset Management LLC grew its stake in shares of Welltower by 36.2% in the 3rd quarter. Private Wealth Asset Management LLC now owns 395 shares of the real estate investment trust’s stock worth $70,000 after buying an additional 105 shares during the last quarter. Great Lakes Advisors LLC grew its stake in shares of Welltower by 95.8% in the 3rd quarter. Great Lakes Advisors LLC now owns 6,868 shares of the real estate investment trust’s stock worth $1,224,000 after buying an additional 3,361 shares during the last quarter. Fidelis Capital Partners LLC increased its position in Welltower by 1.3% during the 3rd quarter. Fidelis Capital Partners LLC now owns 4,697 shares of the real estate investment trust’s stock valued at $837,000 after buying an additional 61 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Welltower by 20.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 209,927 shares of the real estate investment trust’s stock valued at $37,396,000 after buying an additional 35,068 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WELL has been the subject of several analyst reports. Jefferies Financial Group restated a “buy” rating and set a $231.00 price target on shares of Welltower in a report on Monday, December 15th. Scotiabank raised their price objective on shares of Welltower from $182.00 to $214.00 and gave the company a “sector outperform” rating in a research note on Thursday, November 13th. Wall Street Zen upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Morgan Stanley increased their price target on shares of Welltower from $170.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Finally, National Bankshares set a $246.00 price target on shares of Welltower in a research report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $204.80.

Welltower Trading Up 0.9%

NYSE:WELL opened at $185.52 on Friday. Welltower Inc. has a one year low of $130.29 and a one year high of $209.05. The business has a fifty day moving average price of $191.17 and a 200-day moving average price of $178.68. The firm has a market capitalization of $127.33 billion, a price-to-earnings ratio of 127.94, a price-to-earnings-growth ratio of 1.28 and a beta of 0.86. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.47 and a quick ratio of 5.47.

Welltower (NYSE:WELL) last released its earnings results on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.04. Welltower had a return on equity of 2.71% and a net margin of 9.69%.The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the previous year, the business earned $1.11 earnings per share. Welltower’s quarterly revenue was up 30.7% compared to the same quarter last year. Sell-side analysts forecast that Welltower Inc. will post 4.88 EPS for the current year.

Welltower 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.