Entropy Technologies LP Invests $1.16 Million in Welltower Inc. (NYSE:WELL)

Entropy Technologies LP acquired a new stake in shares of Welltower Inc. (NYSE:WELL) during the 4th quarter, Holdings Channel reports. The fund acquired 9,187 shares of the real estate investment trust’s stock, valued at approximately $1,158,000.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on WELL shares. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Mizuho raised their price target on shares of Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Raymond James lifted their price target on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 16th. Scotiabank increased their price objective on shares of Welltower from $142.00 to $144.00 and gave the company a “sector outperform” rating in a research report on Monday, January 27th. Finally, Jefferies Financial Group raised shares of Welltower from a “hold” rating to a “buy” rating and lifted their target price for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Welltower has a consensus rating of “Moderate Buy” and a consensus price target of $134.96.

Welltower Price Performance

NYSE WELL opened at $143.17 on Tuesday. The business’s fifty day moving average is $130.34 and its 200 day moving average is $127.79. Welltower Inc. has a fifty-two week low of $85.40 and a fifty-two week high of $143.84. 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 company has a market capitalization of $89.15 billion, a PE ratio of 94.19, a price-to-earnings-growth ratio of 2.83 and a beta of 1.23.

Welltower Profile

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.