Welltower Inc. (NYSE:WELL) Shares Purchased by Busey Bank

Busey Bank raised its stake in Welltower Inc. (NYSE:WELL) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,881 shares of the real estate investment trust’s stock after acquiring an additional 127 shares during the quarter. Busey Bank’s holdings in Welltower were worth $867,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new position in shares of Welltower during the 4th quarter worth $25,000. Fortitude Family Office LLC lifted its position in Welltower by 37.0% during the third 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 during the period. Versant Capital Management Inc boosted its stake 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 worth $38,000 after buying an additional 187 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in Welltower in the 3rd quarter valued at about $50,000. Finally, FSA Wealth Management LLC acquired a new position in shares of Welltower during the 3rd quarter valued at about $59,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Trading Up 1.6 %

NYSE:WELL opened at $137.08 on Friday. The stock has a market cap of $85.36 billion, a price-to-earnings ratio of 90.19, a price-to-earnings-growth ratio of 2.64 and a beta of 1.22. Welltower Inc. has a one year low of $85.40 and a one year high of $140.75. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. The business’s 50-day simple moving average is $130.08 and its 200 day simple moving average is $126.05.

Welltower (NYSE:WELL) last issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.31). The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. Welltower’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.92 EPS. As a group, sell-side analysts predict that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Raymond James boosted their target price on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a report on Monday, December 16th. Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and increased their target price for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. Bank of America upped their price target on Welltower from $190.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Mizuho lifted their price objective on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Finally, Scotiabank raised their price target on shares of Welltower from $142.00 to $144.00 and gave the company a “sector outperform” rating in a report on Monday. Five investment 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’s stock. Based on data from MarketBeat.com, Welltower has an average rating of “Moderate Buy” and an average price target of $134.96.

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.