James Investment Research Inc. Buys Shares of 7,815 Welltower Inc. $WELL

James Investment Research Inc. purchased a new position in Welltower Inc. (NYSE:WELL) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 7,815 shares of the real estate investment trust’s stock, valued at approximately $1,392,000.

A number of other large investors have also made changes to their positions in WELL. Global Wealth Strategies & Associates acquired a new position in Welltower during the 3rd quarter valued at about $36,000. Newbridge Financial Services Group Inc. boosted its stake in Welltower by 39.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 307 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 87 shares in the last quarter. Copia Wealth Management purchased a new stake in Welltower during the 2nd quarter worth approximately $51,000. NewSquare Capital LLC increased its stake in Welltower by 30.2% during the 2nd quarter. NewSquare Capital LLC now owns 362 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 84 shares in the last quarter. Finally, Salomon & Ludwin LLC acquired a new position in Welltower during the 3rd quarter valued at approximately $59,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Stock Up 0.9%

WELL opened at $183.56 on Monday. The company has a fifty day moving average of $192.23 and a two-hundred day moving average of $178.17. The stock has a market capitalization of $125.98 billion, a price-to-earnings ratio of 126.60, a PEG ratio of 1.28 and a beta of 0.86. Welltower Inc. has a fifty-two week low of $130.29 and a fifty-two week high of $209.05. The company has a debt-to-equity ratio of 0.43, a quick ratio of 5.47 and a current ratio of 5.47.

Welltower (NYSE:WELL) last posted its earnings results on Monday, October 27th. The real estate investment trust reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.04. Welltower had a return on equity of 2.71% and a net margin of 9.69%.The firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same period last year, the firm earned $1.11 EPS. The company’s quarterly revenue was up 30.7% on a year-over-year basis. On average, research analysts expect that Welltower Inc. will post 4.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Loop Capital set a $196.00 price objective on shares of Welltower in a report on Wednesday, October 29th. Scotiabank increased their price objective on Welltower from $182.00 to $214.00 and gave the company a “sector outperform” rating in a report on Thursday, November 13th. Morgan Stanley raised their price objective on Welltower from $170.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Wall Street Zen upgraded Welltower from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Wells Fargo & Company increased their price target on shares of Welltower from $200.00 to $218.00 and gave the stock an “overweight” rating in a report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and an average target price of $204.80.

About Welltower

Welltower Inc (NYSE: WELL) is a real estate investment trust (REIT) that acquires and manages real estate serving the health care industry. The company specializes in healthcare infrastructure, owning and operating a diversified portfolio of senior housing, post-acute and long-term care communities, and outpatient medical properties. Welltower’s assets are designed to support the delivery of health care services through a combination of leased properties, joint ventures, and other capital arrangements with health care operators and providers.

The company’s property types include assisted living, memory care, independent living and skilled nursing facilities, as well as medical office buildings and other outpatient-care real estate such as ambulatory surgery centers and specialty clinics.