Waterloo Capital L.P. Buys 3,474 Shares of Welltower Inc. $WELL

Waterloo Capital L.P. boosted its stake in Welltower Inc. (NYSE:WELL) by 36.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 12,895 shares of the real estate investment trust’s stock after buying an additional 3,474 shares during the period. Waterloo Capital L.P.’s holdings in Welltower were worth $2,297,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Welltower during the second quarter worth approximately $4,903,554,000. State Street Corp grew its holdings in Welltower by 4.6% in the 2nd quarter. State Street Corp now owns 39,616,289 shares of the real estate investment trust’s stock valued at $6,090,212,000 after buying an additional 1,740,196 shares in the last quarter. Balyasny Asset Management L.P. increased its position in Welltower by 241.5% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,241,145 shares of the real estate investment trust’s stock worth $190,801,000 after buying an additional 877,725 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Welltower by 5.1% during the second quarter. Geode Capital Management LLC now owns 15,012,454 shares of the real estate investment trust’s stock worth $2,303,484,000 after buying an additional 723,887 shares in the last quarter. Finally, HRT Financial LP boosted its position in shares of Welltower by 327.7% in the second quarter. HRT Financial LP now owns 712,929 shares of the real estate investment trust’s stock valued at $109,598,000 after acquiring an additional 546,225 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Trading Up 2.7%

NYSE:WELL opened at $196.16 on Friday. Welltower Inc. has a one year low of $130.29 and a one year high of $209.05. The company has a market cap of $134.63 billion, a PE ratio of 135.28, a PEG ratio of 1.33 and a beta of 0.85. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.47 and a quick ratio of 5.47. The firm has a 50-day moving average of $189.33 and a 200-day moving average of $179.97.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on WELL shares. National Bankshares set a $246.00 price target on Welltower in a research note on Friday, October 17th. Wall Street Zen raised shares of Welltower from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Welltower in a report on Monday, December 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $204.00 target price on shares of Welltower in a report on Monday, January 5th. Finally, Wells Fargo & Company increased their price target on Welltower from $200.00 to $218.00 and gave the stock an “overweight” rating in a report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $204.80.

Welltower 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.