Kistler Tiffany Companies LLC Cuts Holdings in Welltower Inc (WELL)

Kistler Tiffany Companies LLC lowered its position in shares of Welltower Inc (NYSE:WELL) by 22.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,241 shares of the real estate investment trust’s stock after selling 353 shares during the quarter. Kistler Tiffany Companies LLC’s holdings in Welltower were worth $96,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WELL. JPMorgan Chase & Co. acquired a new stake in Welltower during the third quarter valued at approximately $176,871,000. Bank of New York Mellon Corp acquired a new stake in Welltower during the third quarter valued at approximately $405,367,000. Panagora Asset Management Inc. acquired a new stake in Welltower during the third quarter valued at approximately $703,000. Jefferies Group LLC acquired a new stake in Welltower during the third quarter valued at approximately $390,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Welltower during the third quarter valued at approximately $25,186,000. Hedge funds and other institutional investors own 84.87% of the company’s stock.

In related news, EVP Mercedes Kerr sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $74.50, for a total value of $372,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.15% of the company’s stock.

Several research firms have recently commented on WELL. Mitsubishi UFJ Financial Group upped their target price on Welltower to $82.00 and gave the company an “overweight” rating in a report on Wednesday, February 13th. Royal Bank of Canada upped their target price on Welltower to $76.00 and gave the company a “sector perform” rating in a report on Thursday, February 21st. JPMorgan Chase & Co. raised Welltower from a “neutral” rating to an “overweight” rating in a report on Wednesday, December 19th. Morgan Stanley upped their target price on Welltower from $77.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Finally, Deutsche Bank upped their target price on Welltower from $61.00 to $71.00 and gave the company a “hold” rating in a report on Friday, March 29th. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $71.29.

WELL stock traded down $2.72 on Tuesday, reaching $73.73. The company’s stock had a trading volume of 1,976,834 shares, compared to its average volume of 2,295,450. Welltower Inc has a 52 week low of $49.58 and a 52 week high of $79.41. The firm has a market capitalization of $30.55 billion, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 3.21 and a beta of 0.46. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.64 and a quick ratio of 1.64.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Tuesday, February 12th. The real estate investment trust reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.02). Welltower had a return on equity of 6.28% and a net margin of 17.14%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.26 billion. Welltower’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, equities analysts anticipate that Welltower Inc will post 4.18 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Kistler Tiffany Companies LLC Cuts Holdings in Welltower Inc (WELL)” was first reported by Community Financial News and is owned by of Community Financial News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.com-unik.info/2019/04/16/kistler-tiffany-companies-llc-cuts-holdings-in-welltower-inc-well.html.

Welltower 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.

Read More: Stock Symbols and CUSIP Explained

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.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit