Longboard Asset Management LP Invests $279,000 in Welltower Inc. (NYSE:WELL)

Longboard Asset Management LP purchased a new stake in Welltower Inc. (NYSE:WELL) in the 4th quarter, Holdings Channel reports. The fund purchased 2,215 shares of the real estate investment trust’s stock, valued at approximately $279,000. Welltower makes up 0.7% of Longboard Asset Management LP’s holdings, making the stock its 3rd biggest position.

A number of other institutional investors have also recently modified their holdings of WELL. WESPAC Advisors SoCal LLC raised its position in Welltower by 35.7% in the fourth quarter. WESPAC Advisors SoCal LLC now owns 32,225 shares of the real estate investment trust’s stock worth $4,061,000 after acquiring an additional 8,481 shares in the last quarter. abrdn plc grew its stake in shares of Welltower by 2.0% during the 4th quarter. abrdn plc now owns 1,337,207 shares of the real estate investment trust’s stock worth $167,692,000 after purchasing an additional 26,146 shares during the period. Childress Capital Advisors LLC lifted its stake in shares of Welltower by 3.7% in the fourth quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust’s stock valued at $271,000 after purchasing an additional 76 shares during the period. GDS Wealth Management lifted its stake in shares of Welltower by 688.0% in the fourth quarter. GDS Wealth Management now owns 26,903 shares of the real estate investment trust’s stock valued at $3,391,000 after purchasing an additional 23,489 shares during the period. Finally, River Street Advisors LLC boosted its holdings in Welltower by 11.4% during the fourth quarter. River Street Advisors LLC now owns 3,365 shares of the real estate investment trust’s stock worth $424,000 after buying an additional 344 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WELL has been the subject of a number of research reports. Bank of America lifted their price target on shares of Welltower from $190.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Scotiabank lifted their price objective on Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a report on Monday, January 27th. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Raymond James lifted their price target on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 16th. Finally, Jefferies Financial Group raised shares of Welltower from a “hold” rating to a “buy” rating and increased their price objective for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Welltower currently has an average rating of “Moderate Buy” and a consensus target price of $134.96.

Welltower Stock Performance

Welltower stock opened at $140.37 on Tuesday. The company has a market cap of $87.41 billion, a PE ratio of 92.35, a P/E/G ratio of 2.71 and a beta of 1.23. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $140.75. The company has a fifty day moving average price of $130.04 and a two-hundred day moving average price of $126.63. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10.

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.