Cigna Investments Inc. New Buys 126 Shares of Welltower Inc. (NYSE:WELL)

Cigna Investments Inc. New grew its holdings in shares of Welltower Inc. (NYSE:WELL) by 2.0% in the fourth quarter, HoldingsChannel reports. The fund owned 6,313 shares of the real estate investment trust’s stock after purchasing an additional 126 shares during the quarter. Cigna Investments Inc. New’s holdings in Welltower were worth $795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of 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 valued at $886,022,000 after acquiring an additional 5,982,711 shares during the last quarter. FMR LLC increased its position in shares of Welltower by 38.1% during the third quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock worth $1,847,289,000 after acquiring an additional 3,977,845 shares during the period. Wellington Management Group LLP increased its position in shares of Welltower by 10.6% during 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 acquiring an additional 1,797,330 shares during the period. Barclays PLC increased its holdings in Welltower by 29.2% during the third quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock valued at $215,659,000 after buying an additional 380,888 shares during the period. Finally, Nordea Investment Management AB increased its holdings in Welltower by 28.1% during the fourth quarter. Nordea Investment Management AB now owns 1,477,388 shares of the real estate investment trust’s stock valued at $185,649,000 after buying an additional 324,520 shares during the period. Institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

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

Welltower Stock Up 0.4 %

WELL opened at $143.17 on Tuesday. The stock has a market capitalization of $89.15 billion, a price-to-earnings ratio of 94.19, a PEG ratio of 2.83 and a beta of 1.23. The company has a fifty day moving average of $130.34 and a two-hundred day moving average of $127.79. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. Welltower Inc. has a fifty-two week low of $85.40 and a fifty-two week high of $143.84.

About Welltower

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.