Welltower (NYSE:WELL) Sets New 12-Month High – Here’s Why

Welltower Inc. (NYSE:WELL) reached a new 52-week high on Wednesday . The stock traded as high as $141.19 and last traded at $140.43, with a volume of 174401 shares changing hands. The stock had previously closed at $138.86.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on WELL shares. Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and raised their price target for the company from $132.00 to $147.00 in a report on Thursday, January 2nd. Scotiabank lifted their target price on Welltower from $142.00 to $144.00 and gave the stock 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 report on Wednesday, October 30th. Bank of America boosted their price objective on Welltower from $190.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Finally, Mizuho boosted their price objective on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Welltower presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.96.

Welltower Stock Up 2.1 %

The company has a market cap of $88.30 billion, a P/E ratio of 93.26, a P/E/G 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 business’s 50 day moving average is $130.13 and its 200 day moving average is $127.09.

Hedge Funds Weigh In On Welltower

Hedge funds have recently made changes to their positions in the stock. Mather Group LLC. increased its stake in shares of Welltower by 3.8% during the fourth quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust’s stock worth $259,000 after acquiring an additional 75 shares during the period. Childress Capital Advisors LLC lifted its holdings in shares of Welltower by 3.7% in the fourth quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust’s stock valued at $271,000 after purchasing an additional 76 shares in the last quarter. Fortitude Family Office LLC lifted its holdings in shares of Welltower by 37.0% in the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 78 shares in the last quarter. Old North State Wealth Management LLC lifted its holdings in shares of Welltower by 0.6% in the third quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust’s stock valued at $1,648,000 after purchasing an additional 78 shares in the last quarter. Finally, Frank Rimerman Advisors LLC raised its position in shares of Welltower by 0.9% in the third quarter. Frank Rimerman Advisors LLC now owns 9,617 shares of the real estate investment trust’s stock valued at $1,231,000 after buying an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

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.