River Street Advisors LLC Purchases 344 Shares of Welltower Inc. (NYSE:WELL)

River Street Advisors LLC boosted its position in shares of Welltower Inc. (NYSE:WELL) by 11.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,365 shares of the real estate investment trust’s stock after purchasing an additional 344 shares during the period. River Street Advisors LLC’s holdings in Welltower were worth $424,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC purchased a new position in shares of Welltower during the fourth quarter valued at approximately $25,000. Fortitude Family Office LLC lifted its stake in shares of Welltower by 37.0% during the 3rd 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. Versant Capital Management Inc boosted its holdings in Welltower by 165.5% during the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 187 shares during the period. Ashton Thomas Securities LLC purchased a new position in Welltower during the 3rd quarter valued at $50,000. Finally, FSA Wealth Management LLC bought a new position in Welltower in the 3rd quarter valued at $59,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Trading Down 0.5 %

WELL opened at $136.49 on Friday. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $140.75. The stock has a fifty day moving average price of $130.04 and a 200-day moving average price of $126.49. The firm has a market cap of $84.99 billion, a price-to-earnings ratio of 89.80, a PEG ratio of 2.68 and a beta of 1.22. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51.

Analysts Set New Price Targets

Several analysts have recently weighed in on WELL shares. Raymond James lifted their target price on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 16th. Scotiabank boosted 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. Mizuho upped their target price on shares of Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Jefferies Financial Group raised shares of Welltower from a “hold” rating to a “buy” rating and lifted their price target for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. Finally, Bank of America increased their price objective on Welltower from $190.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Welltower presently has an average rating of “Moderate Buy” and a consensus target price 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.