Legacy CG LLC Has $3.92 Million Stock Position in Welltower Inc. (NYSE:WELL)

Legacy CG LLC grew its holdings in shares of Welltower Inc. (NYSE:WELL) by 0.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,061 shares of the real estate investment trust’s stock after buying an additional 216 shares during the period. Legacy CG LLC’s holdings in Welltower were worth $3,915,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of WELL. Wellington Management Group LLP grew its stake in 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 valued at $2,392,349,000 after acquiring an additional 1,797,330 shares during the period. FMR LLC grew its position 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 valued at $1,847,289,000 after purchasing an additional 3,977,845 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Welltower by 638.0% during 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 valued at $886,022,000 after purchasing an additional 5,982,711 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake 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 valued at $776,657,000 after purchasing an additional 46,332 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in Welltower by 11.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,914,363 shares of the real estate investment trust’s stock worth $373,126,000 after buying an additional 291,839 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Stock Performance

NYSE WELL opened at $142.31 on Thursday. The firm has a market cap of $88.62 billion, a P/E ratio of 93.63, a price-to-earnings-growth ratio of 2.71 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. The company’s 50 day moving average is $130.13 and its 200-day moving average is $127.09. Welltower Inc. has a 12-month low of $85.40 and a 12-month high of $142.85.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WELL. Mizuho lifted their price objective on shares of Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Raymond James boosted their price objective on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a report on Monday, December 16th. Scotiabank raised their target price on Welltower from $142.00 to $144.00 and gave the company a “sector outperform” rating in a report on Monday, January 27th. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and raised their price objective for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.96.

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.