Triasima Portfolio Management inc. Buys Shares of 12,000 Welltower Inc. (NYSE:WELL)

Triasima Portfolio Management inc. bought a new stake in Welltower Inc. (NYSE:WELL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,000 shares of the real estate investment trust’s stock, valued at approximately $1,512,000.

A number of other institutional investors also recently bought and sold shares of WELL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Welltower by 638.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust’s stock valued at $886,022,000 after acquiring an additional 5,982,711 shares during the period. FMR LLC increased its position in Welltower by 38.1% in the third quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock worth $1,847,289,000 after buying an additional 3,977,845 shares in the last quarter. Wellington Management Group LLP increased its position in Welltower by 10.6% in the third quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock worth $2,392,349,000 after buying an additional 1,797,330 shares in the last quarter. Barclays PLC increased its position in 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 buying an additional 380,888 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in Welltower by 28.1% in the fourth quarter. Nordea Investment Management AB now owns 1,477,388 shares of the real estate investment trust’s stock worth $185,649,000 after buying an additional 324,520 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Up 0.2 %

WELL stock opened at $142.49 on Friday. The firm has a 50 day moving average of $130.25 and a 200 day moving average of $127.30. The stock has a market capitalization of $88.73 billion, a PE ratio of 93.75, a price-to-earnings-growth ratio of 2.71 and a beta of 1.23. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. Welltower Inc. has a 52 week low of $85.40 and a 52 week high of $143.16.

Analyst Ratings Changes

A number of analysts have commented on WELL shares. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and upped their price target for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. Raymond James upped their price target on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 16th. Bank of America increased their target price on Welltower from $190.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Scotiabank increased their target price on Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a research report on Monday, January 27th. Finally, StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.