E. Ohman J or Asset Management AB Acquires 4,620 Shares of Welltower Inc. (NYSE:WELL)

E. Ohman J or Asset Management AB boosted its stake in shares of Welltower Inc. (NYSE:WELL) by 19.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,674 shares of the real estate investment trust’s stock after acquiring an additional 4,620 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Welltower were worth $3,614,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. lifted its holdings in Welltower by 3.8% during the 4th quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust’s stock worth $259,000 after buying an additional 75 shares in the last quarter. Childress Capital Advisors LLC raised its position in shares of Welltower by 3.7% during the fourth quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust’s stock worth $271,000 after acquiring an additional 76 shares during the last quarter. Fortitude Family Office LLC lifted its stake in shares of 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 acquiring an additional 78 shares during the period. Old North State Wealth Management LLC boosted its holdings in Welltower by 0.6% in the third quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust’s stock valued at $1,648,000 after acquiring an additional 78 shares during the last quarter. Finally, Frank Rimerman Advisors LLC increased its position in Welltower by 0.9% in the third quarter. Frank Rimerman Advisors LLC now owns 9,617 shares of the real estate investment trust’s stock worth $1,231,000 after purchasing an additional 82 shares during the period. Institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on WELL shares. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and upped their target price for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. 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. Raymond James lifted their price objective on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 16th. Finally, Scotiabank increased their target price on Welltower from $142.00 to $144.00 and gave the company a “sector outperform” rating in a research note on Monday, January 27th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $134.96.

Welltower Price Performance

Shares of WELL opened at $140.37 on Tuesday. The stock has a 50 day simple moving average of $130.04 and a 200 day simple moving average of $126.63. Welltower Inc. has a 52-week low of $85.40 and a 52-week high of $140.75. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. The firm has a market capitalization of $87.41 billion, a PE ratio of 92.35, a P/E/G ratio of 2.71 and a beta of 1.23.

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.