State of Alaska Department of Revenue Grows Stock Position in Welltower Inc. (NYSE:WELL)

State of Alaska Department of Revenue grew its position in shares of Welltower Inc. (NYSE:WELL) by 2.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 366,407 shares of the real estate investment trust’s stock after purchasing an additional 9,308 shares during the quarter. Welltower accounts for 0.5% of State of Alaska Department of Revenue’s holdings, making the stock its 24th largest holding. State of Alaska Department of Revenue’s holdings in Welltower were worth $46,177,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WELL. Retirement Systems of Alabama boosted its holdings in Welltower by 3.7% in the 3rd quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust’s stock worth $60,228,000 after buying an additional 16,946 shares during the period. Barclays PLC boosted its stake in Welltower by 29.2% in the 3rd quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock worth $215,659,000 after purchasing an additional 380,888 shares during the period. Park Avenue Securities LLC grew its holdings in Welltower by 20.1% during the 4th quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust’s stock valued at $1,696,000 after buying an additional 2,250 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Welltower by 28.1% during the fourth quarter. Nordea Investment Management AB now owns 1,477,388 shares of the real estate investment trust’s stock valued at $185,649,000 after buying an additional 324,520 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of Welltower by 1.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 20,931 shares of the real estate investment trust’s stock valued at $2,638,000 after acquiring an additional 365 shares during the period. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Up 2.5 %

NYSE:WELL opened at $142.31 on Thursday. Welltower Inc. has a 1-year low of $85.40 and a 1-year high of $142.85. The firm’s 50-day moving average price is $130.13 and its 200-day moving average price is $127.09. The company has a market capitalization of $88.62 billion, a PE ratio of 93.63, a P/E/G ratio of 2.71 and a beta of 1.23. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10.

Analysts Set New Price Targets

Several research firms have issued reports on WELL. Scotiabank increased their target price on shares of Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a research note on Monday, January 27th. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and lifted their price target for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. Bank of America upped their price objective on shares of Welltower from $190.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Raymond James lifted their target price 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, Mizuho raised their price target on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $134.96.

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.