State of Alaska Department of Revenue boosted its stake in shares of Welltower Inc (NYSE:WELL) by 6.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,592 shares of the real estate investment trust’s stock after purchasing an additional 12,500 shares during the quarter. State of Alaska Department of Revenue owned about 0.05% of Welltower worth $13,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of WELL. CENTRAL TRUST Co raised its stake in Welltower by 0.5% in the fourth quarter. CENTRAL TRUST Co now owns 91,410 shares of the real estate investment trust’s stock valued at $6,344,000 after buying an additional 444 shares during the last quarter. Moody National Bank Trust Division raised its stake in Welltower by 1.6% in the fourth quarter. Moody National Bank Trust Division now owns 19,682 shares of the real estate investment trust’s stock valued at $1,366,000 after buying an additional 302 shares during the last quarter. Vanguard Group Inc purchased a new stake in Welltower in the third quarter valued at about $3,075,144,000. Federated Investors Inc. PA purchased a new stake in Welltower in the third quarter valued at about $134,625,000. Finally, Rehmann Capital Advisory Group raised its stake in Welltower by 18.1% in the third quarter. Rehmann Capital Advisory Group now owns 3,354 shares of the real estate investment trust’s stock valued at $216,000 after buying an additional 513 shares during the last quarter. 88.37% of the stock is currently owned by institutional investors.
Shares of NYSE:WELL opened at $71.24 on Friday. Welltower Inc has a 52-week low of $49.58 and a 52-week high of $74.75. The stock has a market capitalization of $25.65 billion, a PE ratio of 16.92, a PEG ratio of 2.57 and a beta of 0.31. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.54 and a quick ratio of 1.54.
WELL has been the subject of a number of research analyst reports. ValuEngine upgraded Welltower from a “hold” rating to a “buy” rating in a research note on Wednesday, November 21st. TheStreet cut Welltower from a “b” rating to a “c+” rating in a research note on Thursday, October 11th. SunTrust Banks increased their price target on Welltower to $72.00 and gave the company a “hold” rating in a research note on Wednesday, October 31st. Wells Fargo & Co upgraded Welltower from a “market perform” rating to an “outperform” rating in a research note on Tuesday, December 11th. Finally, JPMorgan Chase & Co. upgraded Welltower from a “neutral” rating to an “overweight” rating in a research note on Wednesday, December 19th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $65.71.
In related news, EVP Mercedes Kerr sold 4,342 shares of Welltower stock in a transaction that occurred on Tuesday, December 11th. The stock was sold at an average price of $73.17, for a total transaction of $317,704.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is currently owned by company insiders.
Welltower Inc (NYSE: WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The company 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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