Welltower Inc. (NYSE:WELL) Position Reduced by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas trimmed its stake in shares of Welltower Inc. (NYSE:WELL) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,964 shares of the real estate investment trust’s stock after selling 295 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Welltower were worth $1,004,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Retirement Systems of Alabama boosted its stake in Welltower by 3.7% during the 3rd quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust’s stock valued at $60,228,000 after acquiring an additional 16,946 shares during the last quarter. Barclays PLC boosted its stake in Welltower by 29.2% during the 3rd quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock valued at $215,659,000 after acquiring an additional 380,888 shares during the last quarter. Park Avenue Securities LLC raised its holdings in shares of Welltower by 20.1% during the fourth quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust’s stock worth $1,696,000 after purchasing an additional 2,250 shares during the period. Nordea Investment Management AB raised its holdings in shares of Welltower by 28.1% during the fourth quarter. Nordea Investment Management AB now owns 1,477,388 shares of the real estate investment trust’s stock worth $185,649,000 after purchasing an additional 324,520 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Welltower by 1.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 20,931 shares of the real estate investment trust’s stock worth $2,638,000 after purchasing an additional 365 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Welltower Stock Performance

WELL stock opened at $143.17 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. The stock has a market cap of $89.15 billion, a P/E ratio of 94.19, a P/E/G ratio of 2.83 and a beta of 1.23. The firm has a 50 day simple moving average of $130.34 and a 200 day simple moving average of $127.79. Welltower Inc. has a 52 week low of $85.40 and a 52 week high of $143.84.

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.