Azzad Asset Management Inc. ADV Has $4.85 Million Stock Holdings in Welltower Inc. $WELL

Azzad Asset Management Inc. ADV grew its stake in shares of Welltower Inc. (NYSE:WELL) by 21.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,212 shares of the real estate investment trust’s stock after purchasing an additional 4,742 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Welltower were worth $4,847,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. State Street Corp raised its position in Welltower by 4.6% during the second quarter. State Street Corp now owns 39,616,289 shares of the real estate investment trust’s stock worth $6,090,212,000 after acquiring an additional 1,740,196 shares in the last quarter. Norges Bank bought a new position in shares of Welltower in the 2nd quarter valued at about $4,903,554,000. Geode Capital Management LLC increased its stake in shares of Welltower by 5.1% during the 2nd quarter. Geode Capital Management LLC now owns 15,012,454 shares of the real estate investment trust’s stock worth $2,303,484,000 after purchasing an additional 723,887 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Welltower by 1.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,898,391 shares of the real estate investment trust’s stock worth $1,214,232,000 after purchasing an additional 149,724 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Welltower by 5.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 7,329,291 shares of the real estate investment trust’s stock valued at $1,126,732,000 after purchasing an additional 372,697 shares during the period. Institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on WELL. Scotiabank lifted their price target on Welltower from $182.00 to $214.00 and gave the stock a “sector outperform” rating in a report on Thursday, November 13th. Loop Capital set a $196.00 price objective on Welltower in a research report on Wednesday, October 29th. Cantor Fitzgerald reiterated an “overweight” rating and set a $204.00 target price on shares of Welltower in a research note on Monday, January 5th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $205.00 target price on shares of Welltower in a report on Thursday, December 18th. Finally, Wells Fargo & Company increased their price target on Welltower from $200.00 to $218.00 and gave the company an “overweight” rating in a research note on Tuesday, November 25th. One 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $204.80.

Welltower Trading Up 2.7%

Shares of NYSE:WELL opened at $196.16 on Friday. Welltower Inc. has a 12-month low of $130.29 and a 12-month high of $209.05. The business has a 50 day moving average of $189.33 and a 200-day moving average of $180.10. The company has a quick ratio of 5.47, a current ratio of 5.47 and a debt-to-equity ratio of 0.43. The stock has a market cap of $134.63 billion, a PE ratio of 135.28, a P/E/G ratio of 1.36 and a beta of 0.85.

Welltower Profile

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.