Cornell Pochily Investment Advisors Inc. Sells 498 Shares of Welltower Inc. (NYSE:WELL)

Cornell Pochily Investment Advisors Inc. lessened its position in shares of Welltower Inc. (NYSE:WELL) by 4.2% in the 4th quarter, HoldingsChannel reports. The fund owned 11,221 shares of the real estate investment trust’s stock after selling 498 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in Welltower were worth $1,414,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of WELL. Fortitude Family Office LLC grew its stake in shares of Welltower by 37.0% during the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 78 shares during the last quarter. Old North State Wealth Management LLC grew its position in Welltower by 0.6% during the 3rd quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust’s stock worth $1,648,000 after purchasing an additional 78 shares during the last quarter. Frank Rimerman Advisors LLC increased its stake in Welltower by 0.9% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 9,617 shares of the real estate investment trust’s stock valued at $1,231,000 after purchasing an additional 82 shares in the last quarter. Graypoint LLC raised its holdings in shares of Welltower by 2.5% in the fourth quarter. Graypoint LLC now owns 3,427 shares of the real estate investment trust’s stock worth $432,000 after buying an additional 84 shares during the last quarter. Finally, Investment Advisory Group LLC raised its holdings in shares of Welltower by 1.8% in the fourth quarter. Investment Advisory Group LLC now owns 4,889 shares of the real estate investment trust’s stock worth $616,000 after buying an additional 85 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Up 3.4 %

Shares of WELL opened at $136.80 on Monday. The firm has a market cap of $85.18 billion, a P/E ratio of 90.00, a PEG ratio of 2.64 and a beta of 1.22. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $140.75. The stock’s 50 day moving average is $130.12 and its two-hundred day moving average is $125.52. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. Welltower’s revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 EPS. Analysts predict that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on WELL shares. Scotiabank upped their target price on Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a research report on Monday, November 25th. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and lifted their target price for the stock from $132.00 to $147.00 in a report on Thursday, January 2nd. Bank of America increased their price target on shares of Welltower from $190.00 to $221.00 and gave the stock a “buy” rating in a report on Friday. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $135.00 price objective (up from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $134.81.

Welltower Profile

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.