Global X Japan Co. Ltd. Increases Stock Position in Welltower Inc. (NYSE:WELL)

Global X Japan Co. Ltd. lifted its holdings in shares of Welltower Inc. (NYSE:WELL) by 17.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,307 shares of the real estate investment trust’s stock after buying an additional 196 shares during the period. Global X Japan Co. Ltd.’s holdings in Welltower were worth $165,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Laurel Wealth Advisors LLC acquired a new position in Welltower during the fourth quarter worth about $25,000. Fortitude Family Office LLC lifted its position in shares of Welltower by 37.0% during the 3rd 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 period. Versant Capital Management Inc boosted its stake 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 worth $38,000 after acquiring an additional 187 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Welltower in the 3rd quarter worth approximately $50,000. Finally, FSA Wealth Management LLC purchased a new position in Welltower in the 3rd quarter valued at approximately $59,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WELL has been the topic of a number of research analyst reports. Bank of America boosted their target price on Welltower from $190.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Scotiabank boosted their price objective on shares of Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a research report on Monday, January 27th. Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and raised their target price for the company from $132.00 to $147.00 in a report on Thursday, January 2nd. Mizuho upped their price target on shares of Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Finally, Raymond James raised their price objective on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 16th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Welltower presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.96.

Welltower Price Performance

WELL stock opened at $142.66 on Friday. Welltower Inc. has a 52-week low of $85.40 and a 52-week high of $143.39. The stock’s fifty day simple moving average is $130.25 and its 200-day simple moving average is $127.30. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $88.83 billion, a price-to-earnings ratio of 93.86, a price-to-earnings-growth ratio of 2.71 and a beta of 1.23.

Welltower Company 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.