Sumitomo Mitsui DS Asset Management Company Ltd Buys 19,568 Shares of Welltower Inc. (NYSE:WELL)

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Welltower Inc. (NYSE:WELL) by 10.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 208,508 shares of the real estate investment trust’s stock after purchasing an additional 19,568 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Welltower were worth $26,278,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of WELL. Czech National Bank lifted its stake in Welltower by 3.5% in the 3rd quarter. Czech National Bank now owns 117,885 shares of the real estate investment trust’s stock valued at $15,093,000 after acquiring an additional 3,947 shares in the last quarter. Atomi Financial Group Inc. raised its holdings in shares of Welltower by 15.3% in the third quarter. Atomi Financial Group Inc. now owns 5,020 shares of the real estate investment trust’s stock valued at $643,000 after purchasing an additional 666 shares during the last quarter. Daymark Wealth Partners LLC bought a new stake in shares of Welltower in the third quarter worth $225,000. UMB Bank n.a. boosted its holdings in Welltower by 22.5% during the third quarter. UMB Bank n.a. now owns 218,486 shares of the real estate investment trust’s stock worth $27,973,000 after purchasing an additional 40,175 shares during the last quarter. Finally, Quotient Wealth Partners LLC bought a new position in Welltower in the third quarter valued at $251,000. 94.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on WELL. Bank of America raised their price objective on Welltower from $190.00 to $221.00 and gave the company a “buy” rating in a report on Friday, January 24th. Scotiabank increased their price objective on Welltower from $142.00 to $144.00 and gave the company a “sector outperform” rating in a report on Monday, January 27th. Mizuho boosted their target price on shares of Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $132.00 to $147.00 in a research note on Thursday, January 2nd. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $134.96.

Welltower Trading Up 0.2 %

Shares of NYSE:WELL opened at $142.49 on Friday. Welltower Inc. has a 12-month low of $85.40 and a 12-month high of $143.16. The business has a 50 day moving average of $130.19 and a 200-day moving average of $127.20. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. The stock has a market cap of $88.73 billion, a PE ratio of 93.75, a P/E/G ratio of 2.71 and a beta of 1.23.

About Welltower

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.