Entropy Technologies LP Makes New Investment in Welltower Inc. (NYSE:WELL)

Entropy Technologies LP acquired a new stake in shares of Welltower Inc. (NYSE:WELL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 9,187 shares of the real estate investment trust’s stock, valued at approximately $1,158,000.

Several other large investors have also recently modified their holdings of the stock. Livforsakringsbolaget Skandia Omsesidigt increased its stake in Welltower by 320.3% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,813 shares of the real estate investment trust’s stock worth $616,000 after purchasing an additional 3,668 shares during the period. Valeo Financial Advisors LLC grew its holdings in shares of Welltower by 2.6% in the third quarter. Valeo Financial Advisors LLC now owns 3,668 shares of the real estate investment trust’s stock worth $470,000 after purchasing an additional 94 shares during the last quarter. Gateway Investment Advisers LLC purchased a new position in shares of Welltower in the third quarter worth $225,000. Mechanics Bank Trust Department bought a new stake in Welltower during the 3rd quarter valued at $211,000. Finally, Sivia Capital Partners LLC purchased a new stake in Welltower during the 3rd quarter valued at $219,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Price Performance

Shares of WELL opened at $143.17 on Tuesday. Welltower Inc. has a fifty-two week low of $85.40 and a fifty-two week high of $143.84. The firm’s 50-day simple moving average is $130.34 and its two-hundred day simple moving average is $127.79. The stock has a market cap of $89.15 billion, a PE ratio of 94.19, a price-to-earnings-growth 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.

Analysts Set New Price Targets

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

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.