State of Alaska Department of Revenue Has $46.18 Million Holdings in Welltower Inc. (NYSE:WELL)

State of Alaska Department of Revenue lifted its position in shares of Welltower Inc. (NYSE:WELL) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 366,407 shares of the real estate investment trust’s stock after acquiring an additional 9,308 shares during the quarter. Welltower makes up approximately 0.5% of State of Alaska Department of Revenue’s portfolio, making the stock its 24th biggest position. State of Alaska Department of Revenue owned 0.06% of Welltower worth $46,177,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Retirement Systems of Alabama lifted its holdings in Welltower by 3.7% during the 3rd quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust’s stock worth $60,228,000 after buying an additional 16,946 shares during the period. Barclays PLC lifted its position in shares of Welltower by 29.2% in the 3rd quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock worth $215,659,000 after purchasing an additional 380,888 shares during the period. Park Avenue Securities LLC boosted its stake in shares of Welltower by 20.1% in the 4th quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust’s stock valued at $1,696,000 after purchasing an additional 2,250 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Welltower by 28.1% during the fourth quarter. Nordea Investment Management AB now owns 1,477,388 shares of the real estate investment trust’s stock worth $185,649,000 after buying an additional 324,520 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in Welltower by 1.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 20,931 shares of the real estate investment trust’s stock worth $2,638,000 after buying an additional 365 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Welltower Trading Up 2.5 %

NYSE:WELL opened at $142.31 on Thursday. 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 cap of $88.62 billion, a price-to-earnings ratio of 93.63, a price-to-earnings-growth ratio of 2.71 and a beta of 1.23. The firm has a 50-day moving average price of $130.13 and a two-hundred day moving average price of $127.09. Welltower Inc. has a 52 week low of $85.40 and a 52 week high of $142.85.

Analyst Ratings Changes

Several research firms recently commented on WELL. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Bank of America boosted their target price on shares of Welltower from $190.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Raymond James boosted their target price on Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research report on Monday, December 16th. Scotiabank increased their price target on Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a report on Monday, January 27th. Finally, Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and boosted their price target for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Welltower currently has an average rating of “Moderate Buy” and a consensus price target of $134.96.

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.