Ibex Wealth Advisors Buys New Stake in Welltower Inc. (NYSE:WELL)

Ibex Wealth Advisors purchased a new position in Welltower Inc. (NYSE:WELL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,592 shares of the real estate investment trust's stock, valued at approximately $705,000.

Other large investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its stake in Welltower by 9.6% in the 2nd quarter. NewEdge Advisors LLC now owns 9,641 shares of the real estate investment trust's stock valued at $1,005,000 after buying an additional 848 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Welltower during the second quarter valued at approximately $1,389,000. Cetera Investment Advisers lifted its position in shares of Welltower by 4.3% in the second quarter. Cetera Investment Advisers now owns 85,691 shares of the real estate investment trust's stock valued at $8,933,000 after acquiring an additional 3,517 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Welltower by 2.4% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 121,278 shares of the real estate investment trust's stock worth $12,643,000 after acquiring an additional 2,878 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Welltower during the second quarter worth approximately $8,794,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on WELL. Mizuho raised their price objective on Welltower from $136.00 to $141.00 and gave the company an "outperform" rating in a report on Thursday, December 5th. Jefferies Financial Group raised shares of Welltower from a "hold" rating to a "buy" rating and boosted their price target for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. Raymond James raised their price objective on shares of Welltower from $145.00 to $155.00 and gave the stock a "strong-buy" rating in a research report on Monday, December 16th. Bank of America raised their price target on shares of Welltower from $190.00 to $221.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Finally, Scotiabank boosted their price objective on shares of Welltower from $142.00 to $144.00 and gave the company a "sector outperform" rating in a report on Monday. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Welltower has a consensus rating of "Moderate Buy" and an average price target of $134.96.

Welltower Stock Up 2.2 %

Shares of WELL traded up $2.94 during mid-day trading on Thursday, hitting $137.87. 650,898 shares of the company's stock were exchanged, compared to its average volume of 2,479,221. The stock's 50-day moving average is $130.08 and its 200-day moving average is $126.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. Welltower Inc. has a fifty-two week low of $85.40 and a fifty-two week high of $140.75. The company has a market cap of $85.85 billion, a price-to-earnings ratio of 90.64, a P/E/G ratio of 2.64 and a beta of 1.22.

Welltower (NYSE:WELL - Get Free Report) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.04 by ($0.31). The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. Welltower's quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.92 earnings per share. On average, sell-side analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Profile

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.