Welltower Inc (NYSE:WELL) Position Boosted by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC raised its holdings in shares of Welltower Inc (NYSE:WELL) by 103.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 30,999 shares of the real estate investment trust’s stock after purchasing an additional 15,728 shares during the period. Welltower accounts for approximately 1.6% of Foster Victor Wealth Advisors LLC’s portfolio, making the stock its 10th biggest holding. Foster Victor Wealth Advisors LLC’s holdings in Welltower were worth $2,838,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Kings Point Capital Management acquired a new stake in shares of Welltower during the 2nd quarter valued at about $28,000. Gradient Investments LLC lifted its holdings in shares of Welltower by 590.3% during the 2nd quarter. Gradient Investments LLC now owns 497 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 425 shares during the last quarter. Advisory Alpha LLC acquired a new stake in shares of Welltower during the 1st quarter valued at about $45,000. Duncker Streett & Co. Inc. lifted its holdings in shares of Welltower by 27.6% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 591 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 128 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its holdings in shares of Welltower by 95.8% during the 2nd quarter. Valeo Financial Advisors LLC now owns 603 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 295 shares during the last quarter. 89.26% of the stock is currently owned by institutional investors.

Several equities research analysts have recently issued reports on WELL shares. BMO Capital Markets reiterated a “buy” rating and set a $86.00 price target on shares of Welltower in a report on Monday, August 5th. Stifel Nicolaus lifted their price target on Welltower from $87.00 to $93.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Morgan Stanley lifted their price target on Welltower from $91.00 to $95.00 and gave the company an “overweight” rating in a report on Tuesday, September 17th. Wood & Company reiterated an “average” rating on shares of Welltower in a report on Thursday, August 22nd. Finally, ValuEngine lowered Welltower from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Welltower presently has a consensus rating of “Hold” and a consensus target price of $81.77.

NYSE WELL traded down $0.32 during trading on Friday, hitting $91.28. The company’s stock had a trading volume of 83,885 shares, compared to its average volume of 1,924,602. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.95. The firm has a 50 day moving average price of $89.60 and a 200 day moving average price of $83.09. The firm has a market cap of $36.95 billion, a P/E ratio of 22.77, a price-to-earnings-growth ratio of 5.53 and a beta of 0.21. Welltower Inc has a 52 week low of $60.93 and a 52 week high of $92.50.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.70). The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.30 billion. Welltower had a return on equity of 4.62% and a net margin of 11.98%. The business’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 earnings per share. On average, equities analysts expect that Welltower Inc will post 4.16 earnings per share for the current year.

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.

Further Reading: Are FAANG stocks a good investment?

Want to see what other hedge funds are holding WELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Welltower Inc (NYSE:WELL).

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.