Welltower Inc. (NYSE:WELL) Shares Bought by Factory Mutual Insurance Co.

Factory Mutual Insurance Co. raised its holdings in Welltower Inc. (NYSE:WELL) by 52.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 265,300 shares of the real estate investment trust’s stock after purchasing an additional 91,500 shares during the period. Factory Mutual Insurance Co.’s holdings in Welltower were worth $33,436,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Fortitude Family Office LLC boosted its stake in shares of Welltower by 37.0% in the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 78 shares during the last quarter. Old North State Wealth Management LLC boosted its stake in shares of 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 worth $1,648,000 after acquiring an additional 78 shares during the last quarter. Frank Rimerman Advisors LLC boosted its stake in shares of 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 acquiring an additional 82 shares during the last quarter. Graypoint LLC boosted its stake in shares of Welltower by 2.5% in the fourth quarter. Graypoint LLC now owns 3,427 shares of the real estate investment trust’s stock worth $432,000 after acquiring an additional 84 shares during the last quarter. Finally, Investment Advisory Group LLC boosted its stake in shares of Welltower by 1.8% in the fourth quarter. Investment Advisory Group LLC now owns 4,889 shares of the real estate investment trust’s stock worth $616,000 after acquiring an additional 85 shares during the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Price Performance

NYSE:WELL opened at $136.49 on Friday. Welltower Inc. has a 52 week low of $85.40 and a 52 week high of $140.75. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $84.99 billion, a P/E ratio of 89.80, a P/E/G ratio of 2.68 and a beta of 1.22. The stock’s fifty day moving average is $130.06 and its two-hundred day moving average is $126.13.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Mizuho lifted their price target on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Scotiabank lifted their price target on Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a research note on Monday, January 27th. Bank of America lifted their price target on Welltower from $190.00 to $221.00 and gave the stock 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 report on Monday, December 16th. Finally, StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Welltower presently has a consensus 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.