Triad Wealth Partners LLC Takes $275,000 Position in Welltower Inc. (NYSE:WELL)

Triad Wealth Partners LLC acquired a new position in shares of Welltower Inc. (NYSE:WELL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,182 shares of the real estate investment trust's stock, valued at approximately $275,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WELL. Mather Group LLC. lifted its holdings in Welltower by 3.8% in the fourth quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust's stock valued at $259,000 after acquiring an additional 75 shares during the period. Childress Capital Advisors LLC lifted its holdings in 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 acquiring an additional 76 shares during the period. Wealthspire Advisors LLC lifted its holdings in Welltower by 2.5% in the fourth quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust's stock valued at $435,000 after acquiring an additional 83 shares during the period. Graypoint LLC lifted its holdings in Welltower by 2.5% in the fourth quarter. Graypoint LLC now owns 3,427 shares of the real estate investment trust's stock valued at $432,000 after acquiring an additional 84 shares during the period. Finally, Investment Advisory Group LLC raised its stake in shares of Welltower by 1.8% during the 4th quarter. Investment Advisory Group LLC now owns 4,889 shares of the real estate investment trust's stock worth $616,000 after buying an additional 85 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

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Welltower Price Performance

WELL stock traded down $1.76 during trading on Friday, hitting $147.22. The stock had a trading volume of 3,323,918 shares, compared to its average volume of 2,582,604. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. Welltower Inc. has a 1-year low of $87.87 and a 1-year high of $158.55. The stock has a market cap of $94.41 billion, a price-to-earnings ratio of 94.37, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20. The company's 50 day moving average price is $138.99 and its two-hundred day moving average price is $132.63.

Welltower (NYSE:WELL - Get Free Report) last issued its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. On average, sell-side analysts forecast that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.82%. The ex-dividend date was Tuesday, February 25th. Welltower's dividend payout ratio (DPR) is 171.79%.

Analyst Ratings Changes

Several research analysts have recently issued reports on WELL shares. Mizuho lifted their price target on Welltower from $136.00 to $141.00 and gave the stock an "outperform" rating in a research note on Thursday, December 5th. Wedbush raised Welltower from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $145.00 to $167.00 in a research note on Friday, February 14th. Jefferies Financial Group raised Welltower from a "hold" rating to a "buy" rating and lifted their price target for the stock from $132.00 to $147.00 in a research note on Thursday, January 2nd. Scotiabank lifted their price target on Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a research note on Thursday. Finally, Royal Bank of Canada raised Welltower from a "sector perform" rating to an "outperform" rating and lifted their price target for the stock from $146.00 to $168.00 in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $148.42.

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.