Cornell Pochily Investment Advisors Inc. increased its holdings in Welltower Inc (NYSE:WELL) by 12.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,145 shares of the real estate investment trust’s stock after purchasing an additional 696 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in Welltower were worth $426,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Portfolio Solutions LLC bought a new position in Welltower in the fourth quarter valued at approximately $34,000. Oregon Public Employees Retirement Fund boosted its stake in Welltower by 6,756.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,807,357 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 2,766,411 shares during the last quarter. Blue Chip Partners Inc. bought a new position in Welltower in the fourth quarter valued at approximately $7,422,000. Fort Washington Investment Advisors Inc. OH boosted its stake in Welltower by 17.1% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 13,030 shares of the real estate investment trust’s stock valued at $904,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in Welltower by 7.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,738,279 shares of the real estate investment trust’s stock valued at $467,704,000 after acquiring an additional 471,465 shares during the last quarter. 89.28% of the stock is owned by institutional investors.
Shares of NYSE:WELL opened at $76.65 on Wednesday. Welltower Inc has a 12 month low of $49.58 and a 12 month high of $77.90. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.93. The firm has a market cap of $29.09 billion, a P/E ratio of 18.21, a P/E/G ratio of 3.62 and a beta of 0.47.
In other Welltower news, EVP Mercedes Kerr sold 4,342 shares of Welltower stock in a transaction on Tuesday, December 11th. The shares were sold at an average price of $73.17, for a total value of $317,704.14. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.17% of the stock is currently owned by insiders.
A number of equities analysts have issued reports on WELL shares. ValuEngine raised shares of Welltower from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. SunTrust Banks lifted their price target on shares of Welltower to $72.00 and gave the stock a “hold” rating in a research report on Wednesday, October 31st. lifted their price target on shares of Welltower to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 31st. Scotiabank started coverage on shares of Welltower in a research report on Monday, December 10th. They set a “sector perform” rating and a $74.00 price target on the stock. Finally, Wells Fargo & Co raised shares of Welltower from a “market perform” rating to an “outperform” rating in a research report on Tuesday, December 11th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $65.71.
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Welltower Inc (NYSE: WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The company 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.
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