New York Life Investment Management LLC Acquires 4,019 Shares of Welltower Inc. $WELL

New York Life Investment Management LLC grew its holdings in Welltower Inc. (NYSE:WELL) by 4.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,366 shares of the real estate investment trust’s stock after purchasing an additional 4,019 shares during the period. New York Life Investment Management LLC’s holdings in Welltower were worth $17,345,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. National Pension Service increased its position in shares of Welltower by 2.1% in the third quarter. National Pension Service now owns 1,691,931 shares of the real estate investment trust’s stock valued at $301,401,000 after acquiring an additional 34,532 shares during the period. B&I Capital AG grew its stake in shares of Welltower by 5.7% in the third quarter. B&I Capital AG now owns 161,440 shares of the real estate investment trust’s stock worth $28,759,000 after purchasing an additional 8,650 shares during the last quarter. Candriam S.C.A. increased its holdings in Welltower by 2.6% during the 2nd quarter. Candriam S.C.A. now owns 416,674 shares of the real estate investment trust’s stock valued at $64,058,000 after purchasing an additional 10,584 shares during the period. GDS Wealth Management raised its position in Welltower by 13.7% during the 3rd quarter. GDS Wealth Management now owns 63,763 shares of the real estate investment trust’s stock valued at $11,359,000 after purchasing an additional 7,699 shares during the last quarter. Finally, 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 during the last quarter. 94.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on WELL. UBS Group decreased their target price on Welltower from $232.00 to $228.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Welltower in a research report on Monday, December 29th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $205.00 price objective on shares of Welltower in a research report on Thursday, December 18th. Cantor Fitzgerald reissued an “overweight” rating and issued a $204.00 target price on shares of Welltower in a research report on Monday, January 5th. Finally, Scotiabank raised their target price on Welltower from $182.00 to $214.00 and gave the company a “sector outperform” rating in a research note on Thursday, November 13th. One 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 issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $204.80.

Welltower Stock Up 0.8%

Shares of NYSE:WELL opened at $197.51 on Tuesday. The company has a current ratio of 5.47, a quick ratio of 5.47 and a debt-to-equity ratio of 0.43. The stock has a fifty day simple moving average of $189.21 and a two-hundred day simple moving average of $180.49. Welltower Inc. has a 12-month low of $130.29 and a 12-month high of $209.05. The stock has a market capitalization of $135.56 billion, a price-to-earnings ratio of 136.21, a PEG ratio of 1.36 and a beta of 0.85.

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.