C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Acquires New Stake in Welltower Inc. (NYSE:WELL)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Welltower Inc. (NYSE:WELL - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 25,945 shares of the real estate investment trust's stock, valued at approximately $3,270,000.

Several other large investors also recently made changes to their positions in WELL. Laurel Wealth Advisors LLC acquired a new position in Welltower in the 4th quarter valued at approximately $25,000. Fortitude Family Office LLC raised its position in Welltower by 37.0% in 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 position in Welltower by 165.5% in 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 bought a new position in Welltower in the 3rd quarter valued at $50,000. Finally, FSA Wealth Management LLC bought a new position in Welltower in the 3rd quarter valued at $59,000. Institutional investors own 94.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Scotiabank lifted their target price on Welltower from $142.00 to $144.00 and gave the company a "sector outperform" rating in a research note on Monday, January 27th. Bank of America lifted their target price on Welltower from $190.00 to $221.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Mizuho lifted their target price on Welltower from $136.00 to $141.00 and gave the company an "outperform" rating in a research note on Thursday, December 5th. StockNews.com cut Welltower from a "hold" rating to a "sell" rating in a research note on Thursday. Finally, Wedbush raised Welltower from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $145.00 to $167.00 in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Welltower has a consensus rating of "Moderate Buy" and a consensus target price of $138.58.

Welltower Stock Down 0.9 %

Shares of Welltower stock traded down $1.41 during trading on Friday, reaching $150.03. The stock had a trading volume of 1,878,568 shares, compared to its average volume of 2,492,219. The company has a market capitalization of $93.42 billion, a price-to-earnings ratio of 98.70, a P/E/G ratio of 2.83 and a beta of 1.23. The stock has a fifty day moving average price of $131.74 and a two-hundred day moving average price of $128.94. Welltower Inc. has a 52 week low of $87.87 and a 52 week high of $151.96. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51.

Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.73. Welltower had a return on equity of 3.20% and a net margin of 12.22%. Sell-side analysts predict that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Dividend Announcement

The business also recently announced 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 is Tuesday, February 25th. This represents a $2.68 annualized dividend and a yield of 1.79%. Welltower's payout ratio is presently 176.32%.

Welltower Company 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.