Avitas Wealth Management LLC Purchases 134 Shares of Welltower Inc. (NYSE:WELL)

Avitas Wealth Management LLC grew its holdings in shares of Welltower Inc. (NYSE:WELL) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,294 shares of the real estate investment trust’s stock after buying an additional 134 shares during the period. Avitas Wealth Management LLC’s holdings in Welltower were worth $3,062,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Welltower by 638.0% during the third 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 purchasing an additional 5,982,711 shares in the last quarter. FMR LLC raised its holdings 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 valued at $1,847,289,000 after purchasing an additional 3,977,845 shares during the last quarter. Wellington Management Group LLP raised its stake in Welltower by 10.6% during the 3rd quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock valued at $2,392,349,000 after buying an additional 1,797,330 shares during the last quarter. Barclays PLC lifted its holdings in Welltower by 29.2% in 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 acquiring an additional 380,888 shares during the period. Finally, Nordea Investment Management AB lifted its stake in shares of Welltower by 28.1% in the 4th quarter. Nordea Investment Management AB now owns 1,477,388 shares of the real estate investment trust’s stock worth $185,649,000 after purchasing an additional 324,520 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Price Performance

WELL opened at $138.95 on Wednesday. The company has a current ratio of 4.10, a quick 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 $140.75. The business’s fifty day simple moving average is $130.13 and its 200-day simple moving average is $126.87. The company has a market capitalization of $86.52 billion, a price-to-earnings ratio of 91.42, a PEG ratio of 2.71 and a beta of 1.23.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on WELL shares. Bank of America raised their target price on Welltower from $190.00 to $221.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and upped their target price for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Scotiabank lifted their price objective on shares of Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a research note on Monday, January 27th. Finally, Mizuho boosted their target price on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $134.96.

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.