Great Diamond Partners LLC Buys New Shares in Welltower Inc. (NYSE:WELL)

Great Diamond Partners LLC purchased a new position in shares of Welltower Inc. (NYSE:WELL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,172 shares of the real estate investment trust’s stock, valued at approximately $526,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WELL. Wellington Management Group LLP raised its stake in shares of Welltower by 10.6% in the third quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock worth $2,392,349,000 after purchasing an additional 1,797,330 shares during the last quarter. FMR LLC increased its holdings 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 buying an additional 3,977,845 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Welltower by 638.0% in the 3rd 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 worth $886,022,000 after buying an additional 5,982,711 shares during the period. Charles Schwab Investment Management Inc. raised its position in Welltower by 0.8% during the 3rd 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 last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in Welltower by 11.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,914,363 shares of the real estate investment trust’s stock valued at $373,126,000 after acquiring an additional 291,839 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on WELL. Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and increased their price objective for the stock from $132.00 to $147.00 in a research note on Thursday, January 2nd. Bank of America lifted their price objective on Welltower from $190.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Raymond James upped their target price on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 16th. Mizuho lifted their price target on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Finally, StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and an average price target of $134.96.

Welltower Trading Down 0.5 %

Shares of NYSE:WELL opened at $136.49 on Friday. The firm has a market capitalization of $84.99 billion, a price-to-earnings ratio of 89.80, a price-to-earnings-growth ratio of 2.68 and a beta of 1.22. The business’s 50 day moving average price is $130.06 and its 200-day moving average price is $126.13. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. Welltower Inc. has a 1 year low of $85.40 and a 1 year high of $140.75.

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.