Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 6.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,106,666 shares of the real estate investment trust's stock after acquiring an additional 192,303 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.50% of Welltower worth $391,533,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of WELL. Laurel Wealth Advisors LLC bought a new position in Welltower in the 4th quarter worth about $25,000. Fortitude Family Office LLC grew its holdings in Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust's stock worth $37,000 after buying an additional 78 shares in the last quarter. Versant Capital Management Inc increased its position in Welltower by 165.5% in the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 187 shares during the period. Ashton Thomas Securities LLC bought a new stake in Welltower during the 3rd quarter valued at $50,000. Finally, FSA Wealth Management LLC acquired a new position in Welltower during the 3rd quarter worth $59,000. Institutional investors and hedge funds own 94.80% of the company's stock.
A number of research analysts have recently commented on the company. StockNews.com raised Welltower from a "sell" rating to a "hold" rating in a report on Wednesday, October 30th. Scotiabank raised their target price on shares of Welltower from $142.00 to $144.00 and gave the company a "sector outperform" rating in a research note on Monday, January 27th. Mizuho upped their price target on shares of Welltower from $136.00 to $141.00 and gave the stock an "outperform" rating in a research note on Thursday, December 5th. Raymond James raised their price objective on shares of Welltower from $145.00 to $155.00 and gave the company a "strong-buy" rating in a research note on Monday, December 16th. Finally, Bank of America upped their target price on Welltower from $190.00 to $221.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Five 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $134.96.
Check Out Our Latest Report on WELL
Welltower stock opened at $142.49 on Friday. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $143.16. The company's fifty day simple moving average is $130.19 and its 200-day simple moving average is $127.20. The stock has a market cap of $88.73 billion, a P/E ratio of 93.75, a P/E/G ratio of 2.71 and a beta of 1.23.
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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