Jones Financial Companies Lllp Grows Position in Welltower Inc. $WELL

Jones Financial Companies Lllp increased its holdings in shares of Welltower Inc. (NYSE:WELL) by 10.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 114,910 shares of the real estate investment trust’s stock after acquiring an additional 11,163 shares during the period. Jones Financial Companies Lllp’s holdings in Welltower were worth $20,109,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Welltower during the second quarter valued at approximately $4,903,554,000. State Street Corp raised its position in Welltower by 4.6% during the 2nd quarter. State Street Corp now owns 39,616,289 shares of the real estate investment trust’s stock valued at $6,090,212,000 after purchasing an additional 1,740,196 shares in the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of Welltower by 241.5% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,241,145 shares of the real estate investment trust’s stock worth $190,801,000 after buying an additional 877,725 shares during the period. Geode Capital Management LLC grew its position in shares of Welltower by 5.1% during the 2nd quarter. Geode Capital Management LLC now owns 15,012,454 shares of the real estate investment trust’s stock worth $2,303,484,000 after buying an additional 723,887 shares in the last quarter. Finally, HRT Financial LP increased its stake in shares of Welltower by 327.7% during the second quarter. HRT Financial LP now owns 712,929 shares of the real estate investment trust’s stock valued at $109,598,000 after buying an additional 546,225 shares during the period. Institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on WELL. Loop Capital set a $196.00 price target on Welltower in a research report on Wednesday, October 29th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $205.00 target price on shares of Welltower in a report on Thursday, December 18th. Scotiabank raised their price target on shares of Welltower from $182.00 to $214.00 and gave the company a “sector outperform” rating in a report on Thursday, November 13th. Wells Fargo & Company lifted their price objective on shares of Welltower from $200.00 to $218.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 25th. Finally, National Bankshares set a $246.00 target price on shares of Welltower in a research report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Welltower has an average rating of “Moderate Buy” and an average price target of $204.80.

Welltower Trading Up 0.0%

Shares of WELL stock opened at $187.52 on Wednesday. Welltower Inc. has a 1-year low of $130.29 and a 1-year high of $209.05. The company has a market cap of $128.70 billion, a price-to-earnings ratio of 129.32, a PEG ratio of 1.30 and a beta of 0.85. 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 stock has a 50 day simple moving average of $190.30 and a 200-day simple moving average of $179.60.

Welltower Company Profile

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.