Mirae Asset Global Investments Co. Ltd. Has $37.40 Million Stake in Welltower Inc. $WELL

Mirae Asset Global Investments Co. Ltd. grew its position in shares of Welltower Inc. (NYSE:WELL) by 20.1% in the third quarter, HoldingsChannel reports. The fund owned 209,927 shares of the real estate investment trust’s stock after acquiring an additional 35,068 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Welltower were worth $37,396,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sachetta LLC increased its stake in Welltower by 14.9% in the 3rd quarter. Sachetta LLC now owns 448 shares of the real estate investment trust’s stock valued at $80,000 after buying an additional 58 shares during the last quarter. PDS Planning Inc boosted its holdings in shares of Welltower by 1.4% in the 3rd quarter. PDS Planning Inc now owns 4,326 shares of the real estate investment trust’s stock valued at $771,000 after buying an additional 59 shares during the last quarter. Modera Wealth Management LLC grew its stake in shares of Welltower by 3.4% in the third quarter. Modera Wealth Management LLC now owns 1,807 shares of the real estate investment trust’s stock valued at $322,000 after buying an additional 60 shares in the last quarter. Values First Advisors Inc. increased its holdings in Welltower by 1.0% during the third quarter. Values First Advisors Inc. now owns 6,229 shares of the real estate investment trust’s stock worth $1,110,000 after buying an additional 62 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in Welltower by 3.4% during the third quarter. Parkside Financial Bank & Trust now owns 1,928 shares of the real estate investment trust’s stock worth $343,000 after acquiring an additional 63 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Stock Up 0.3%

NYSE WELL opened at $184.01 on Thursday. The business has a fifty day moving average price of $191.41 and a two-hundred day moving average price of $178.63. The stock has a market capitalization of $126.29 billion, a PE ratio of 126.90, a PEG ratio of 1.27 and a beta of 0.86. Welltower Inc. has a fifty-two week low of $130.29 and a fifty-two week 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.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.04. The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Welltower had a return on equity of 2.71% and a net margin of 9.69%.Welltower’s revenue was up 30.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.11 EPS. Equities analysts expect that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on WELL shares. National Bankshares set a $246.00 price objective on shares of Welltower in a research report on Friday, October 17th. Jefferies Financial Group restated a “buy” rating and issued a $231.00 price target on shares of Welltower in a research note on Monday, December 15th. Wall Street Zen upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Welltower in a research report on Monday, December 29th. Finally, Morgan Stanley lifted their price target on Welltower from $170.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $204.80.

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.