WESPAC Advisors SoCal LLC raised its stake in shares of Welltower Inc. (NYSE:WELL – Free Report) by 35.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,225 shares of the real estate investment trust’s stock after purchasing an additional 8,481 shares during the period. WESPAC Advisors SoCal LLC’s holdings in Welltower were worth $4,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of the stock. Childress Capital Advisors LLC grew its holdings in Welltower by 3.7% during the 4th quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust’s stock valued at $271,000 after purchasing an additional 76 shares during the last quarter. 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 valued at $37,000 after buying an additional 78 shares during the last quarter. Old North State Wealth Management LLC raised its holdings in shares of Welltower by 0.6% in the third 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 buying an additional 78 shares during the period. Frank Rimerman Advisors LLC lifted its stake in shares of 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 worth $1,231,000 after acquiring an additional 82 shares during the last quarter. Finally, Graypoint LLC boosted its holdings in Welltower by 2.5% during the 4th quarter. Graypoint LLC now owns 3,427 shares of the real estate investment trust’s stock valued at $432,000 after acquiring an additional 84 shares during the period. 94.80% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on WELL shares. Raymond James lifted their target price on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 16th. Bank of America boosted their price objective on shares of Welltower from $190.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Jefferies Financial Group raised shares of Welltower from a “hold” rating to a “buy” rating and raised their target price for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. Mizuho boosted their price target on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Finally, Scotiabank raised their price objective on Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a report on Monday, January 27th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $134.96.
Welltower Stock Up 2.9 %
Shares of WELL stock opened at $140.37 on Tuesday. Welltower Inc. has a twelve month low of $85.40 and a twelve month high of $140.75. The stock has a market cap of $87.41 billion, a P/E ratio of 92.35, a P/E/G ratio of 2.71 and a beta of 1.23. The stock has a 50 day moving average of $130.04 and a 200 day moving average of $126.63. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51.
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.
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