Azzad Asset Management Inc. ADV Acquires 4,742 Shares of Welltower Inc. $WELL

Azzad Asset Management Inc. ADV raised its holdings in Welltower Inc. (NYSE:WELL) by 21.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,212 shares of the real estate investment trust’s stock after purchasing an additional 4,742 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Welltower were worth $4,847,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in WELL. Norges Bank bought a new stake in shares of Welltower in the second quarter valued at approximately $4,903,554,000. State Street Corp increased its stake in Welltower by 4.6% during the 2nd quarter. State Street Corp now owns 39,616,289 shares of the real estate investment trust’s stock worth $6,090,212,000 after acquiring an additional 1,740,196 shares during the period. Balyasny Asset Management L.P. raised its holdings in Welltower by 241.5% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,241,145 shares of the real estate investment trust’s stock valued at $190,801,000 after acquiring an additional 877,725 shares in the last quarter. Geode Capital Management LLC raised its holdings in Welltower by 5.1% in the 2nd quarter. Geode Capital Management LLC now owns 15,012,454 shares of the real estate investment trust’s stock valued at $2,303,484,000 after acquiring an additional 723,887 shares in the last quarter. Finally, HRT Financial LP lifted its position in shares of Welltower by 327.7% during the 2nd 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. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Welltower in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. UBS Group dropped their target price on shares of Welltower from $232.00 to $228.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Wells Fargo & Company upped their price target on shares of Welltower from $200.00 to $218.00 and gave the stock an “overweight” rating in a report on Tuesday, November 25th. Finally, Loop Capital set a $196.00 price target on shares of Welltower in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Welltower presently has an average rating of “Moderate Buy” and an average price target of $204.80.

Welltower Stock Up 2.7%

Shares of NYSE WELL opened at $196.16 on Friday. The company has a market cap of $134.63 billion, a price-to-earnings ratio of 135.28, a PEG ratio of 1.36 and a beta of 0.85. The company has a current ratio of 5.47, a quick ratio of 5.47 and a debt-to-equity ratio of 0.43. Welltower Inc. has a 12 month low of $130.29 and a 12 month high of $209.05. The stock has a 50-day moving average price of $189.33 and a two-hundred day moving average price of $180.10.

About Welltower

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.