Jones Financial Companies Lllp Raises Position in Welltower Inc. $WELL

Jones Financial Companies Lllp raised its stake in Welltower Inc. (NYSE:WELL) by 10.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 114,910 shares of the real estate investment trust’s stock after buying an additional 11,163 shares during the quarter. Jones Financial Companies Lllp’s holdings in Welltower were worth $20,109,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Global Wealth Strategies & Associates purchased a new stake in shares of Welltower in the third quarter valued at about $36,000. Newbridge Financial Services Group Inc. raised its position in shares of Welltower by 39.5% during 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 during the last quarter. Copia Wealth Management acquired a new position in shares of Welltower during the 2nd quarter worth approximately $51,000. NewSquare Capital LLC lifted its stake in Welltower by 30.2% in the 2nd quarter. NewSquare Capital LLC now owns 362 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 84 shares in the last quarter. Finally, Salomon & Ludwin LLC acquired a new stake in Welltower during the 3rd quarter valued at $59,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Stock Performance

Welltower stock opened at $187.52 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.47 and a quick ratio of 5.47. Welltower Inc. has a 12 month low of $130.29 and a 12 month high of $209.05. The company has a fifty day moving average price of $190.30 and a two-hundred day moving average price of $179.60. The company has a market cap of $128.70 billion, a PE ratio of 129.32, a P/E/G ratio of 1.30 and a beta of 0.85.

Wall Street Analysts Forecast Growth

WELL has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Welltower from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Scotiabank boosted their price target on Welltower from $182.00 to $214.00 and gave the company a “sector outperform” rating in a report on Thursday, November 13th. National Bankshares set a $246.00 price target on Welltower in a research note on Friday, October 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Welltower in a research report on Monday, December 29th. Finally, Wells Fargo & Company upped their target price on Welltower from $200.00 to $218.00 and gave the company an “overweight” rating in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Welltower currently has a consensus rating of “Moderate Buy” and a consensus price target of $204.80.

Welltower Company Profile

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.