Welltower Inc. (NYSE:WELL) Shares Bought by Global X Japan Co. Ltd.

Global X Japan Co. Ltd. grew its stake in Welltower Inc. (NYSE:WELL) by 17.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,307 shares of the real estate investment trust’s stock after buying an additional 196 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Welltower were worth $165,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Laurel Wealth Advisors LLC purchased a new stake in Welltower during the 4th quarter worth about $25,000. Fortitude Family Office LLC raised 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 worth $37,000 after acquiring an additional 78 shares in the last quarter. Versant Capital Management Inc raised 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 worth $38,000 after acquiring an additional 187 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Welltower during the third quarter worth approximately $50,000. Finally, FSA Wealth Management LLC acquired a new position in Welltower in the third quarter valued at approximately $59,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on WELL. Scotiabank raised 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. Raymond James lifted their price target 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. Mizuho upped their price objective on shares of Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and lifted their target price for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. Finally, Bank of America upped their target price on Welltower from $190.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, January 24th. 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 MarketBeat, Welltower has an average rating of “Moderate Buy” and an average target price of $134.96.

Welltower Price Performance

Welltower stock opened at $142.66 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. The business has a 50 day simple moving average of $130.25 and a 200-day simple moving average of $127.30. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $143.39. The stock has a market capitalization of $88.83 billion, a PE ratio of 93.86, a price-to-earnings-growth ratio of 2.71 and a beta of 1.23.

Welltower 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.