Factory Mutual Insurance Co. Purchases 91,500 Shares of Welltower Inc. (NYSE:WELL)

Factory Mutual Insurance Co. lifted its position in shares of Welltower Inc. (NYSE:WELL) by 52.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 265,300 shares of the real estate investment trust’s stock after buying an additional 91,500 shares during the quarter. Factory Mutual Insurance Co.’s holdings in Welltower were worth $33,436,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Laurel Wealth Advisors LLC bought a new stake in Welltower during the fourth quarter valued at about $25,000. Fortitude Family Office LLC boosted 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 valued at $37,000 after purchasing an additional 78 shares in the last quarter. Versant Capital Management Inc boosted its position in Welltower by 165.5% during the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 187 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Welltower in the third quarter valued at about $50,000. Finally, FSA Wealth Management LLC purchased a new stake in Welltower in the third quarter valued at about $59,000. Institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

WELL has been the subject of a number of research analyst reports. Mizuho increased their price target on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and increased their price target for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. Raymond James increased their price target on Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Monday, December 16th. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Bank of America increased their price target on Welltower from $190.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, January 24th. 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. According to MarketBeat.com, Welltower presently has an average rating of “Moderate Buy” and an average price target of $134.96.

Welltower Stock Down 0.5 %

Welltower stock opened at $136.49 on Friday. The firm has a market cap of $84.99 billion, a price-to-earnings ratio of 89.80, a price-to-earnings-growth ratio of 2.68 and a beta of 1.22. Welltower Inc. has a 52 week low of $85.40 and a 52 week high of $140.75. The business’s 50-day moving average price is $130.06 and its 200 day moving average price is $126.13. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51.

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.