Welltower Inc. (NYSE:WELL) Holdings Lifted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Welltower Inc. (NYSE:WELL) by 29.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 116,809 shares of the real estate investment trust’s stock after buying an additional 26,544 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Welltower were worth $14,001,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Laurel Wealth Advisors LLC acquired a new position in shares of Welltower during the fourth quarter worth approximately $25,000. Fortitude Family Office LLC boosted its position in shares of Welltower by 37.0% during the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 78 shares during the period. Versant Capital Management Inc boosted its position in shares of Welltower by 165.5% during the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 187 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Welltower during the third quarter worth approximately $50,000. Finally, FSA Wealth Management LLC acquired a new position in shares of Welltower during the third quarter worth approximately $59,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Price Performance

NYSE WELL opened at $142.49 on Friday. The stock has a market capitalization of $88.73 billion, a P/E ratio of 93.75, a P/E/G ratio of 2.71 and a beta of 1.23. Welltower Inc. has a 1 year low of $85.40 and a 1 year high of $143.16. The business’s fifty day moving average is $130.19 and its two-hundred day moving average is $127.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10.

Wall Street Analysts Forecast Growth

WELL has been the subject of several analyst reports. Scotiabank boosted their price objective on Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a research report on Monday, January 27th. Mizuho upped their target price on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Bank of America upped 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. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and upped their target price for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. Finally, StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.