Welltower (NYSE:WELL) Reaches New 12-Month High – What’s Next?

Welltower Inc. (NYSE:WELL) shares reached a new 52-week high on Tuesday . The company traded as high as $143.84 and last traded at $143.17, with a volume of 2062086 shares traded. The stock had previously closed at $142.59.

Analysts Set New Price Targets

A number of analysts have commented on WELL shares. 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. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Mizuho upped their target price on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Bank of America lifted their price target on Welltower from $190.00 to $221.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, 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. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.96.

Welltower Trading Up 0.4 %

The business has a 50-day simple moving average of $130.34 and a 200-day simple moving average of $127.79. The company has a market cap of $89.15 billion, a PE ratio of 94.19, a price-to-earnings-growth 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.

Hedge Funds Weigh In On Welltower

A number of hedge funds and other institutional investors have recently bought and sold shares of WELL. Laurel Wealth Advisors LLC purchased a new position in shares of Welltower in the fourth quarter valued at approximately $25,000. Roxbury Financial LLC acquired a new stake in Welltower during the 4th quarter worth approximately $26,000. Sierra Ocean LLC purchased a new position in Welltower in the 4th quarter valued at approximately $28,000. Fortitude Family Office LLC grew its stake in shares of Welltower by 37.0% in 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 in the last quarter. Finally, Versant Capital Management Inc increased its position in shares of Welltower by 165.5% during the fourth 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 during the period. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

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.