Childress Capital Advisors LLC Grows Position in Welltower Inc. (NYSE:WELL)

Childress Capital Advisors LLC grew its position in shares of Welltower Inc. (NYSE:WELL) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,152 shares of the real estate investment trust’s stock after acquiring an additional 76 shares during the quarter. Childress Capital Advisors LLC’s holdings in Welltower were worth $271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in WELL. Laurel Wealth Advisors LLC purchased a new stake in shares of Welltower during the 4th quarter valued at $25,000. Fortitude Family Office LLC boosted its stake in Welltower by 37.0% in the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 78 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Welltower by 165.5% during the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 187 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of Welltower during the 3rd quarter worth approximately $50,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of Welltower during the 3rd quarter worth approximately $59,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on WELL shares. Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and increased their price objective for the company from $132.00 to $147.00 in a report on Thursday, January 2nd. Raymond James upped their price objective on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a report on Monday, December 16th. Bank of America lifted their target price on shares of Welltower from $190.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Scotiabank lifted their price objective on shares of Welltower from $142.00 to $144.00 and gave the company a “sector outperform” rating in a research note on Monday, January 27th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $134.96.

Welltower Trading Up 2.9 %

Shares of Welltower stock opened at $140.37 on Tuesday. The company has a 50 day simple moving average of $130.04 and a two-hundred day simple moving average of $126.63. The firm has a market cap of $87.41 billion, a PE ratio of 92.35, a PEG ratio of 2.71 and a beta of 1.22. Welltower Inc. has a 1 year low of $85.40 and a 1 year high of $140.75. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10.

About Welltower

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.