Waterloo Capital L.P. Buys 3,474 Shares of Welltower Inc. $WELL

Waterloo Capital L.P. lifted its position in shares of Welltower Inc. (NYSE:WELL) by 36.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,895 shares of the real estate investment trust’s stock after acquiring an additional 3,474 shares during the quarter. Waterloo Capital L.P.’s holdings in Welltower were worth $2,297,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global Wealth Strategies & Associates acquired a new position in shares of Welltower during the 3rd quarter worth about $36,000. Newbridge Financial Services Group Inc. boosted its stake in Welltower by 39.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 307 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 87 shares during the last quarter. Copia Wealth Management acquired a new position in Welltower during the second quarter valued at approximately $51,000. City Holding Co. bought a new stake in Welltower in the third quarter valued at approximately $59,000. Finally, Salomon & Ludwin LLC bought a new stake in Welltower in the third quarter valued at approximately $59,000. 94.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $204.00 target price on shares of Welltower in a report on Monday, January 5th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $205.00 price objective on shares of Welltower in a research report on Thursday, December 18th. Wall Street Zen upgraded shares of Welltower from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Welltower in a research note on Monday, December 29th. Finally, UBS Group reduced their price target on shares of Welltower from $232.00 to $228.00 and set a “buy” rating for the company in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $204.80.

Welltower Trading Up 2.7%

Shares of NYSE:WELL opened at $196.16 on Friday. The company’s 50-day moving average price is $189.33 and its two-hundred day moving average price is $179.97. Welltower Inc. has a one year low of $130.29 and a one year high of $209.05. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.47 and a quick ratio of 5.47. The stock has a market capitalization of $134.63 billion, a PE ratio of 135.28, a price-to-earnings-growth ratio of 1.33 and a beta of 0.85.

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.