C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Acquires Shares of 25,945 Welltower Inc. (NYSE:WELL)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Welltower Inc. (NYSE:WELL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 25,945 shares of the real estate investment trust's stock, valued at approximately $3,270,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its position in Welltower by 10.6% during the third quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust's stock valued at $2,392,349,000 after buying an additional 1,797,330 shares during the period. FMR LLC lifted its holdings in shares of Welltower by 38.1% in the third quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust's stock worth $1,847,289,000 after buying an additional 3,977,845 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Welltower by 638.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust's stock worth $886,022,000 after buying an additional 5,982,711 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Welltower by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,066,213 shares of the real estate investment trust's stock valued at $776,657,000 after purchasing an additional 46,332 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in Welltower by 6.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,106,666 shares of the real estate investment trust's stock valued at $391,533,000 after purchasing an additional 192,303 shares in the last quarter. Institutional investors own 94.80% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on WELL shares. StockNews.com downgraded shares of Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, February 13th. Mizuho raised their target price on shares of Welltower from $136.00 to $141.00 and gave the stock an "outperform" rating in a report on Thursday, December 5th. Raymond James lifted their price target on shares of Welltower from $145.00 to $155.00 and gave the company a "strong-buy" rating in a report on Monday, December 16th. Bank of America raised their price objective on Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Scotiabank raised their price objective on Welltower from $142.00 to $144.00 and gave the company a "sector outperform" rating in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Welltower has an average rating of "Moderate Buy" and an average price target of $140.19.

Welltower Price Performance

Shares of WELL traded down $1.63 during mid-day trading on Friday, hitting $148.69. 3,988,113 shares of the stock were exchanged, compared to its average volume of 2,660,023. The firm has a 50-day moving average of $133.83 and a two-hundred day moving average of $130.15. Welltower Inc. has a 52-week low of $87.87 and a 52-week high of $152.81. The company has a market cap of $95.35 billion, a PE ratio of 95.31, a price-to-earnings-growth ratio of 2.86 and a beta of 1.23. 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 (NYSE:WELL - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. On average, equities analysts predict that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 25th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $2.68 annualized dividend and a yield of 1.80%. Welltower's payout ratio is presently 171.79%.

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.