Triglav Investments D.O.O. Acquires New Position in Welltower Inc. $WELL

Triglav Investments D.O.O. acquired a new stake in Welltower Inc. (NYSE:WELL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,600 shares of the real estate investment trust’s stock, valued at approximately $2,066,000.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC grew its stake in Welltower by 7.1% in the fourth quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust’s stock worth $527,000 after purchasing an additional 279 shares in the last quarter. Empowered Funds LLC grew its position in shares of Welltower by 31.7% during the 1st quarter. Empowered Funds LLC now owns 14,790 shares of the real estate investment trust’s stock worth $2,266,000 after buying an additional 3,564 shares in the last quarter. Sivia Capital Partners LLC grew its position in shares of Welltower by 7.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,910 shares of the real estate investment trust’s stock worth $294,000 after buying an additional 127 shares in the last quarter. Grimes & Company Inc. purchased a new position in shares of Welltower during the second quarter valued at $420,000. Finally, DAVENPORT & Co LLC raised its holdings in shares of Welltower by 24.8% in the second quarter. DAVENPORT & Co LLC now owns 5,957 shares of the real estate investment trust’s stock valued at $916,000 after acquiring an additional 1,182 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Trading Down 1.1%

NYSE WELL opened at $185.52 on Thursday. Welltower Inc. has a 52 week low of $130.29 and a 52 week high of $209.05. The company has a 50 day moving average price of $189.88 and a 200 day moving average price of $179.65. The company has a quick ratio of 5.47, a current ratio of 5.47 and a debt-to-equity ratio of 0.43. The firm has a market cap of $127.33 billion, a PE ratio of 127.94, a price-to-earnings-growth ratio of 1.30 and a beta of 0.85.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WELL. Scotiabank increased their target price on shares of Welltower from $182.00 to $214.00 and gave the stock a “sector outperform” rating in a report on Thursday, November 13th. Jefferies Financial Group reiterated a “buy” rating and set a $231.00 price objective on shares of Welltower in a research note on Monday, December 15th. Morgan Stanley lifted their price objective on shares of Welltower from $170.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Loop Capital set a $196.00 target price on Welltower in a report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $205.00 target price on shares of Welltower in a research report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Welltower presently has a consensus rating of “Moderate Buy” and a consensus target price of $204.80.

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.