Gamco Investors INC. ET AL Sells 1,250 Shares of Welltower Inc. (NYSE:WELL)

Gamco Investors INC. ET AL lessened its holdings in Welltower Inc. (NYSE:WELLFree Report) by 11.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,250 shares of the real estate investment trust’s stock after selling 1,250 shares during the period. Gamco Investors INC. ET AL’s holdings in Welltower were worth $758,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WELL. First Capital Advisors Group LLC. purchased a new position in shares of Welltower in the 2nd quarter worth approximately $26,000. Compass Wealth Management LLC purchased a new position in Welltower in the fourth quarter valued at approximately $26,000. FinTrust Capital Advisors LLC lifted its stake in Welltower by 117.8% in the third quarter. FinTrust Capital Advisors LLC now owns 342 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 185 shares during the last quarter. Covestor Ltd lifted its stake in Welltower by 97.4% in the first quarter. Covestor Ltd now owns 298 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 147 shares during the last quarter. Finally, Clear Street Markets LLC lifted its stake in Welltower by 188.5% in the fourth quarter. Clear Street Markets LLC now owns 577 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 377 shares during the last quarter. Hedge funds and other institutional investors own 91.61% of the company’s stock.

Welltower Stock Performance

NYSE WELL opened at $87.66 on Friday. The company has a 50-day simple moving average of $89.09 and a two-hundred day simple moving average of $85.86. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.67. Welltower Inc. has a 12-month low of $65.18 and a 12-month high of $93.42. The firm has a market cap of $48.52 billion, a price-to-earnings ratio of 182.63, a PEG ratio of 2.85 and a beta of 1.07.

Analysts Set New Price Targets

WELL has been the topic of several research analyst reports. Royal Bank of Canada downgraded Welltower from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $92.00 to $97.00 in a research note on Tuesday, November 28th. Raymond James upgraded Welltower from an “outperform” rating to a “strong-buy” rating and increased their target price for the stock from $95.00 to $101.00 in a research report on Thursday, November 9th. Wells Fargo & Company increased their target price on Welltower from $93.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, November 13th. JPMorgan Chase & Co. upgraded Welltower from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $92.00 to $99.00 in a research report on Monday, December 18th. Finally, KeyCorp increased their target price on Welltower from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, January 5th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $92.79.

Read Our Latest Stock Report on Welltower

About Welltower

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Welltower (NYSE:WELL)

Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.