EP Wealth Advisors LLC purchased a new position in shares of Welltower Inc. (NYSE:WELL – Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,494 shares of the real estate investment trust’s stock, valued at approximately $236,000.
Other large investors have also modified their holdings of the company. Level Four Advisory Services LLC grew its stake in Welltower by 35.1% during the 1st quarter. Level Four Advisory Services LLC now owns 8,083 shares of the real estate investment trust’s stock valued at $580,000 after acquiring an additional 2,099 shares in the last quarter. Toroso Investments LLC lifted its position in Welltower by 5.0% during the first quarter. Toroso Investments LLC now owns 16,923 shares of the real estate investment trust’s stock worth $1,213,000 after buying an additional 813 shares in the last quarter. Titleist Asset Management LLC purchased a new position in Welltower during the first quarter worth approximately $221,000. Border to Coast Pensions Partnership Ltd grew its holdings in Welltower by 12.6% in the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 671,589 shares of the real estate investment trust’s stock valued at $48,146,000 after buying an additional 75,000 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Welltower by 3.0% in the 1st quarter. JPMorgan Chase & Co. now owns 5,023,673 shares of the real estate investment trust’s stock worth $360,147,000 after acquiring an additional 144,681 shares during the last quarter. Hedge funds and other institutional investors own 91.61% of the company’s stock.
Welltower Price Performance
WELL stock opened at $84.80 on Tuesday. The business’s fifty day moving average price is $82.28 and its 200 day moving average price is $77.98. Welltower Inc. has a 12-month low of $56.50 and a 12-month high of $86.39. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $43.99 billion, a PE ratio of 368.71, a P/E/G ratio of 3.03 and a beta of 1.05.
Welltower Dividend Announcement
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. Robert W. Baird boosted their price target on shares of Welltower from $80.00 to $84.00 and gave the company a “neutral” rating in a research report on Thursday, September 14th. Barclays increased their price target on shares of Welltower from $82.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, August 2nd. Mizuho lifted their price target on shares of Welltower from $86.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, September 14th. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research report on Monday, September 11th. Finally, Raymond James cut Welltower from a “strong-buy” rating to an “outperform” rating and raised their target price for the stock from $82.00 to $90.00 in a research note on Friday, June 23rd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Welltower presently has an average rating of “Moderate Buy” and a consensus target price of $85.25.
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.
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