Welltower Inc. (NYSE:WELL) Shares Acquired by Financial Advocates Investment Management

Financial Advocates Investment Management lifted its holdings in shares of Welltower Inc. (NYSE:WELL) by 10.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,032 shares of the real estate investment trust’s stock after acquiring an additional 276 shares during the period. Financial Advocates Investment Management’s holdings in Welltower were worth $382,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Mather Group LLC. increased its stake in shares of Welltower by 3.8% during the fourth quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust’s stock valued at $259,000 after acquiring an additional 75 shares during the period. Childress Capital Advisors LLC increased its position in shares of Welltower by 3.7% during the 4th quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust’s stock valued at $271,000 after purchasing an additional 76 shares during the period. Fortitude Family Office LLC increased its position in shares of Welltower by 37.0% during the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 78 shares during the period. Old North State Wealth Management LLC raised its stake in shares of Welltower by 0.6% in the 3rd quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust’s stock worth $1,648,000 after buying an additional 78 shares in the last quarter. Finally, Frank Rimerman Advisors LLC boosted its stake in Welltower by 0.9% during the third quarter. Frank Rimerman Advisors LLC now owns 9,617 shares of the real estate investment trust’s stock valued at $1,231,000 after buying an additional 82 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Welltower Stock Performance

Shares of WELL opened at $142.66 on Monday. The company has a market capitalization of $88.83 billion, a PE ratio of 93.86, a PEG ratio of 2.83 and a beta of 1.23. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. The company’s 50 day moving average price is $130.34 and its 200 day moving average price is $127.67. Welltower Inc. has a 52 week low of $85.40 and a 52 week high of $143.39.

Analyst Upgrades and Downgrades

WELL has been the topic of several research reports. Mizuho boosted their price target on shares of Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Scotiabank lifted their price target on shares of Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a research report on Monday, January 27th. Bank of America increased their price objective on Welltower from $190.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, January 24th. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Raymond James increased their price target on Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research report on Monday, December 16th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Welltower has an average rating of “Moderate Buy” and a consensus target price of $134.96.

Welltower 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.