Stonebridge Financial Group LLC Acquires Shares of 3,452 Welltower Inc. (NYSE:WELL)

Stonebridge Financial Group LLC bought a new position in Welltower Inc. (NYSE:WELL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,452 shares of the real estate investment trust’s stock, valued at approximately $435,000.

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

Welltower Stock Up 0.2 %

Welltower stock opened at $143.40 on Wednesday. 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 current ratio of 4.10 and a quick ratio of 4.10. The firm has a market capitalization of $89.29 billion, a price-to-earnings ratio of 94.34, a PEG ratio of 2.83 and a beta of 1.23. The company’s 50 day simple moving average is $130.52 and its 200 day simple moving average is $128.04.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.73. Welltower had a net margin of 12.22% and a return on equity of 3.20%. As a group, sell-side analysts anticipate that Welltower Inc. will post 4.3 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on WELL shares. Bank of America upped their target price on shares of Welltower from $190.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and upped their price objective for the stock from $132.00 to $147.00 in a report on Thursday, January 2nd. Raymond James lifted their target price 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 raised Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Mizuho lifted their price objective on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Five equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $134.96.

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.