Avitas Wealth Management LLC Buys 134 Shares of Welltower Inc. (NYSE:WELL)

Avitas Wealth Management LLC grew its position in Welltower Inc. (NYSE:WELL) by 0.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 24,294 shares of the real estate investment trust’s stock after purchasing an additional 134 shares during the period. Avitas Wealth Management LLC’s holdings in Welltower were worth $3,062,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WELL. Retirement Systems of Alabama increased its holdings in shares of Welltower by 3.7% in 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 purchasing an additional 16,946 shares during the period. Barclays PLC raised its position 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 worth $215,659,000 after acquiring an additional 380,888 shares during the period. Diversified Trust Co boosted its position in Welltower by 93.8% during the third quarter. Diversified Trust Co now owns 18,474 shares of the real estate investment trust’s stock worth $2,365,000 after purchasing an additional 8,940 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of 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 valued at $1,696,000 after buying an additional 2,250 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in 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 valued at $185,649,000 after purchasing an additional 324,520 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Welltower Trading Down 1.0 %

WELL opened at $138.95 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. Welltower Inc. has a one year low of $85.40 and a one year high of $140.75. The company has a market cap of $86.52 billion, a P/E ratio of 91.42, a PEG ratio of 2.71 and a beta of 1.23. The business’s 50-day simple moving average is $130.13 and its 200-day simple moving average is $126.87.

Analysts Set New Price Targets

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

Welltower Company 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.