Welltower Inc. $WELL Holdings Boosted by National Pension Service

National Pension Service grew its holdings in Welltower Inc. (NYSE:WELL) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,691,931 shares of the real estate investment trust’s stock after purchasing an additional 34,532 shares during the period. National Pension Service owned approximately 0.25% of Welltower worth $301,401,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Global Wealth Strategies & Associates purchased a new stake in Welltower in the 3rd quarter worth about $36,000. Newbridge Financial Services Group Inc. increased its holdings in shares of Welltower by 39.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 307 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 87 shares during the period. Copia Wealth Management purchased a new stake in shares of Welltower in the second quarter worth approximately $51,000. NewSquare Capital LLC boosted its holdings in shares of Welltower by 30.2% during the second quarter. NewSquare Capital LLC now owns 362 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 84 shares during the period. Finally, Salomon & Ludwin LLC acquired a new stake in shares of Welltower during the third quarter worth approximately $59,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Trading Up 1.4%

Welltower stock opened at $188.25 on Friday. Welltower Inc. has a one year low of $130.29 and a one year high of $209.05. The company’s fifty day moving average price is $190.94 and its two-hundred day moving average price is $178.89. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.47 and a quick ratio of 5.47. The company has a market capitalization of $129.20 billion, a price-to-earnings ratio of 129.82, a PEG ratio of 1.29 and a beta of 0.86.

Analysts Set New Price Targets

Several research analysts have weighed in on WELL shares. Wells Fargo & Company upped their price objective on shares of Welltower from $200.00 to $218.00 and gave the company an “overweight” rating in a research note on Tuesday, November 25th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $204.00 price target on shares of Welltower in a research note on Monday, January 5th. Loop Capital set a $196.00 price objective on Welltower in a report on Wednesday, October 29th. UBS Group lowered their target price on Welltower from $232.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $205.00 price target on shares of Welltower in a research note on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Welltower has a consensus rating of “Moderate Buy” and a consensus price target of $204.80.

About Welltower

Welltower Inc (NYSE: WELL) is a real estate investment trust (REIT) that acquires and manages real estate serving the health care industry. The company specializes in healthcare infrastructure, owning and operating a diversified portfolio of senior housing, post-acute and long-term care communities, and outpatient medical properties. Welltower’s assets are designed to support the delivery of health care services through a combination of leased properties, joint ventures, and other capital arrangements with health care operators and providers.

The company’s property types include assisted living, memory care, independent living and skilled nursing facilities, as well as medical office buildings and other outpatient-care real estate such as ambulatory surgery centers and specialty clinics.