Welltower Inc. (NYSE:WELL) reached a new 52-week high of $247.45 on Wednesday. The real estate investment trust specializes in healthcare infrastructure.
Institutional investors continue to increase their positions in the company. ABN Amro Investment Solutions raised its stake by 5.4% during the first quarter. The firm now holds Welltower shares valued at $16.8 million.
Market analysts maintain a constructive outlook on the stock. Several financial firms recently increased their price targets for the company.