Welltower Inc. $WELL Shares Purchased by Canada Post Corp Registered Pension Plan

Canada Post Corp Registered Pension Plan increased its stake in shares of Welltower Inc. (NYSE:WELL) by 24.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,349 shares of the real estate investment trust’s stock after buying an additional 3,229 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in Welltower were worth $2,881,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Frank Rimerman Advisors LLC increased its stake in Welltower by 0.6% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 9,774 shares of the real estate investment trust’s stock valued at $1,741,000 after purchasing an additional 55 shares in the last quarter. Sachetta LLC grew its holdings in Welltower by 14.9% in the third quarter. Sachetta LLC now owns 448 shares of the real estate investment trust’s stock valued at $80,000 after purchasing an additional 58 shares during the last quarter. PDS Planning Inc grew its holdings in Welltower by 1.4% in the third quarter. PDS Planning Inc now owns 4,326 shares of the real estate investment trust’s stock valued at $771,000 after purchasing an additional 59 shares during the last quarter. Modera Wealth Management LLC increased its position in shares of Welltower by 3.4% in the third quarter. Modera Wealth Management LLC now owns 1,807 shares of the real estate investment trust’s stock valued at $322,000 after buying an additional 60 shares in the last quarter. Finally, Fidelis Capital Partners LLC raised its stake in shares of Welltower by 1.3% during the 3rd quarter. Fidelis Capital Partners LLC now owns 4,697 shares of the real estate investment trust’s stock worth $837,000 after buying an additional 61 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Price Performance

WELL stock opened at $196.16 on Friday. The stock has a market capitalization of $134.63 billion, a price-to-earnings ratio of 135.28, a price-to-earnings-growth ratio of 1.36 and a beta of 0.85. The company has a quick ratio of 5.47, a current ratio of 5.47 and a debt-to-equity ratio of 0.43. Welltower Inc. has a 52-week low of $130.29 and a 52-week high of $209.05. The stock’s fifty day simple moving average is $189.33 and its 200-day simple moving average is $180.10.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $205.00 price objective on shares of Welltower in a research note on Thursday, December 18th. Wall Street Zen upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Cantor Fitzgerald reissued an “overweight” rating and set a $204.00 price objective on shares of Welltower in a research note on Monday, January 5th. Loop Capital set a $196.00 target price on Welltower in a research note on Wednesday, October 29th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $231.00 target price on shares of Welltower in a report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Welltower has an average rating of “Moderate Buy” and a consensus target price of $204.80.

About Welltower

Welltower Inc (NYSE: WELL) is a real estate investment trust (REIT) that acquires and manages real estate serving the health care industry. The company specializes in healthcare infrastructure, owning and operating a diversified portfolio of senior housing, post-acute and long-term care communities, and outpatient medical properties. Welltower’s assets are designed to support the delivery of health care services through a combination of leased properties, joint ventures, and other capital arrangements with health care operators and providers.

The company’s property types include assisted living, memory care, independent living and skilled nursing facilities, as well as medical office buildings and other outpatient-care real estate such as ambulatory surgery centers and specialty clinics.