Community Bank & Trust Waco Texas Has $1 Million Stock Position in Welltower Inc. (NYSE:WELL)

Community Bank & Trust Waco Texas trimmed its position in Welltower Inc. (NYSE:WELL) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Laurel Wealth Advisors LLC acquired a new stake in shares of Welltower in the fourth quarter worth $25,000. Fortitude Family Office LLC raised its stake in Welltower by 37.0% during the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 78 shares during the last quarter. Versant Capital Management Inc raised its stake in Welltower by 165.5% during the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 187 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Welltower during the 3rd quarter valued at $50,000. Finally, FSA Wealth Management LLC acquired a new position in Welltower during the 3rd quarter valued at $59,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Stock Up 0.4 %

Shares of NYSE WELL opened at $143.17 on Tuesday. The firm’s 50-day simple moving average is $130.34 and its 200 day simple moving average is $127.79. The company has a market cap of $89.15 billion, a price-to-earnings ratio of 94.19, a price-to-earnings-growth ratio of 2.83 and a beta of 1.23. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. Welltower Inc. has a 12-month low of $85.40 and a 12-month high of $143.84.

Wall Street Analyst Weigh In

Several equities analysts recently commented on WELL shares. Bank of America upped their target price on shares of Welltower from $190.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Mizuho upped their target price on shares of Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Jefferies Financial Group raised shares of Welltower from a “hold” rating to a “buy” rating and upped their target price for the stock from $132.00 to $147.00 in a report on Thursday, January 2nd. Finally, Scotiabank upped 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. Five equities 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $134.96.

About Welltower

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.