Welltower Inc. (NYSE:WELL) Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp raised its holdings in Welltower Inc. (NYSE:WELL) by 0.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 58,472 shares of the real estate investment trust’s stock after acquiring an additional 386 shares during the period. Fifth Third Bancorp’s holdings in Welltower were worth $7,369,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. APG Asset Management N.V. lifted its stake in Welltower by 228.4% during the second quarter. APG Asset Management N.V. now owns 69,017 shares of the real estate investment trust’s stock valued at $6,713,000 after purchasing an additional 48,000 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of Welltower by 151.7% in the second quarter. Mackenzie Financial Corp now owns 143,698 shares of the real estate investment trust’s stock valued at $14,981,000 after buying an additional 86,602 shares in the last quarter. Duff & Phelps Investment Management Co. acquired a new stake in shares of Welltower during the 2nd quarter valued at $254,977,000. Creative Planning boosted its stake in shares of Welltower by 4.8% during the 2nd quarter. Creative Planning now owns 161,395 shares of the real estate investment trust’s stock worth $16,825,000 after acquiring an additional 7,329 shares in the last quarter. Finally, Silver Lake Advisory LLC acquired a new position in shares of Welltower in the 2nd quarter worth $325,000. Institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on WELL shares. Bank of America upped their target price on Welltower from $190.00 to $221.00 and gave the company a “buy” rating in a report on Friday. Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and raised their target price for the stock from $132.00 to $147.00 in a report on Thursday, January 2nd. Wells Fargo & Company reissued an “equal weight” rating and issued a $135.00 target price (up from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Raymond James upped their price target on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research report on Monday, December 16th. Finally, StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Welltower currently has an average rating of “Moderate Buy” and an average target price of $134.81.

Welltower Stock Performance

Shares of WELL stock opened at $136.80 on Monday. Welltower Inc. has a fifty-two week low of $85.40 and a fifty-two week high of $140.75. The stock’s 50-day moving average is $130.12 and its two-hundred day moving average is $125.37. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. The firm has a market cap of $85.18 billion, a P/E ratio of 90.00, a PEG ratio of 2.64 and a beta of 1.22.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The company’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.92 EPS. Analysts predict that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Company 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.