Mediolanum International Funds Ltd Purchases 101,355 Shares of Welltower Inc. $WELL

Mediolanum International Funds Ltd grew its holdings in Welltower Inc. (NYSE:WELL) by 149.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 169,297 shares of the real estate investment trust’s stock after acquiring an additional 101,355 shares during the period. Mediolanum International Funds Ltd’s holdings in Welltower were worth $29,830,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of WELL. Candriam S.C.A. increased its position in Welltower by 2.6% during the 2nd quarter. Candriam S.C.A. now owns 416,674 shares of the real estate investment trust’s stock worth $64,058,000 after purchasing an additional 10,584 shares in the last quarter. National Pension Service grew its stake in shares of Welltower by 2.1% during the third quarter. National Pension Service now owns 1,691,931 shares of the real estate investment trust’s stock worth $301,401,000 after buying an additional 34,532 shares during the last quarter. B&I Capital AG increased its holdings in shares of Welltower by 5.7% during the third quarter. B&I Capital AG now owns 161,440 shares of the real estate investment trust’s stock worth $28,759,000 after buying an additional 8,650 shares in the last quarter. GDS Wealth Management lifted its stake in shares of Welltower by 13.7% in the 3rd quarter. GDS Wealth Management now owns 63,763 shares of the real estate investment trust’s stock valued at $11,359,000 after acquiring an additional 7,699 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Welltower by 4.6% during the 2nd quarter. State Street Corp now owns 39,616,289 shares of the real estate investment trust’s stock valued at $6,090,212,000 after acquiring an additional 1,740,196 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on WELL shares. Loop Capital set a $196.00 price target on Welltower in a report on Wednesday, October 29th. National Bankshares set a $246.00 target price on shares of Welltower in a report on Friday, October 17th. Scotiabank raised their price target on shares of Welltower from $182.00 to $214.00 and gave the company a “sector outperform” rating in a research note on Thursday, November 13th. Wall Street Zen upgraded shares of Welltower from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Welltower in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $204.80.

Welltower Stock Up 1.4%

Shares of NYSE WELL opened at $188.25 on Friday. 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 firm has a market cap of $129.20 billion, a PE ratio of 129.82, a P/E/G ratio of 1.29 and a beta of 0.86. The company’s fifty day simple moving average is $190.94 and its 200 day simple moving average is $179.04. Welltower Inc. has a 12-month low of $130.29 and a 12-month high of $209.05.

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.