Welltower Inc. (NYSE:WELL) Position Increased by Harbour Trust & Investment Management Co

Harbour Trust & Investment Management Co grew its holdings in shares of Welltower Inc. (NYSE:WELL) by 0.3% during the fourth quarter, Holdings Channel reports. The firm owned 55,685 shares of the real estate investment trust’s stock after acquiring an additional 140 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in Welltower were worth $7,018,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of WELL. Wellington Management Group LLP boosted its holdings in shares of Welltower by 10.6% during the third quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock valued at $2,392,349,000 after acquiring an additional 1,797,330 shares during the period. FMR LLC grew its position in Welltower by 38.1% in the 3rd quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock worth $1,847,289,000 after purchasing an additional 3,977,845 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Welltower by 638.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust’s stock valued at $886,022,000 after purchasing an additional 5,982,711 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Welltower by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,066,213 shares of the real estate investment trust’s stock worth $776,657,000 after buying an additional 46,332 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in Welltower by 6.6% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,106,666 shares of the real estate investment trust’s stock worth $391,533,000 after buying an additional 192,303 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Welltower Stock Performance

Shares of NYSE WELL opened at $142.66 on Monday. The stock’s fifty day simple moving average is $130.34 and its 200 day simple moving average is $127.67. The stock has a market capitalization of $88.83 billion, a price-to-earnings ratio of 93.86, a PEG ratio of 2.83 and a beta of 1.23. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. Welltower Inc. has a 52-week low of $85.40 and a 52-week high of $143.39.

Analysts Set New Price Targets

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

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.