J.P. Morgan Private Wealth Advisors LLC Acquires Shares of 66,285 Welltower Inc. (NYSE:WELL)

J.P. Morgan Private Wealth Advisors LLC bought a new stake in Welltower Inc. (NYSE:WELLFree Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 66,285 shares of the real estate investment trust’s stock, valued at approximately $5,430,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WELL. Norges Bank bought a new stake in Welltower during the fourth quarter worth approximately $1,104,830,000. Capital International Investors raised its holdings in Welltower by 46.7% during the second quarter. Capital International Investors now owns 21,383,365 shares of the real estate investment trust’s stock worth $1,729,700,000 after purchasing an additional 6,808,299 shares in the last quarter. Deutsche Bank AG raised its holdings in Welltower by 426.4% during the first quarter. Deutsche Bank AG now owns 4,927,021 shares of the real estate investment trust’s stock worth $353,218,000 after purchasing an additional 3,991,041 shares in the last quarter. BlackRock Inc. raised its holdings in Welltower by 5.8% during the second quarter. BlackRock Inc. now owns 53,409,103 shares of the real estate investment trust’s stock worth $4,320,262,000 after purchasing an additional 2,929,873 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Welltower by 25.1% during the third quarter. Principal Financial Group Inc. now owns 12,925,394 shares of the real estate investment trust’s stock worth $1,058,848,000 after purchasing an additional 2,596,718 shares in the last quarter. 91.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Evercore ISI boosted their target price on Welltower from $86.00 to $89.00 and gave the stock an “in-line” rating in a report on Monday, November 27th. Royal Bank of Canada cut Welltower from an “outperform” rating to a “sector perform” rating and upped their price target for the company from $92.00 to $97.00 in a report on Tuesday, November 28th. Deutsche Bank Aktiengesellschaft initiated coverage on Welltower in a report on Tuesday, January 30th. They issued a “buy” rating and a $115.00 price target on the stock. Mizuho upped their price target on Welltower from $90.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. Finally, KeyCorp upped their price target on Welltower from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, January 5th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $92.79.

Check Out Our Latest Report on WELL

Welltower Trading Up 0.3 %

Welltower stock opened at $86.76 on Thursday. The stock has a market cap of $48.02 billion, a P/E ratio of 180.75, a P/E/G ratio of 2.82 and a beta of 1.07. Welltower Inc. has a 12 month low of $65.18 and a 12 month high of $93.42. The company’s fifty day simple moving average is $89.17 and its 200-day simple moving average is $85.79. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.67.

Welltower Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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