Independent Advisor Alliance raised its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 16.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,813 shares of the real estate investment trust's stock after buying an additional 1,764 shares during the period. Independent Advisor Alliance's holdings in Welltower were worth $1,615,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. raised its holdings in Welltower by 162.8% in the 3rd quarter. Assetmark Inc. now owns 5,703 shares of the real estate investment trust's stock worth $730,000 after purchasing an additional 3,533 shares in the last quarter. Sigma Planning Corp increased its stake in shares of Welltower by 166.1% in the 3rd quarter. Sigma Planning Corp now owns 5,524 shares of the real estate investment trust's stock worth $707,000 after acquiring an additional 3,448 shares in the last quarter. Venturi Wealth Management LLC increased its stake in shares of Welltower by 91.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 508 shares of the real estate investment trust's stock worth $65,000 after acquiring an additional 243 shares in the last quarter. Harbour Investments Inc. increased its stake in shares of Welltower by 3.8% in the 3rd quarter. Harbour Investments Inc. now owns 4,215 shares of the real estate investment trust's stock worth $540,000 after acquiring an additional 156 shares in the last quarter. Finally, Aptus Capital Advisors LLC increased its stake in shares of Welltower by 3.4% in the 3rd quarter. Aptus Capital Advisors LLC now owns 3,296 shares of the real estate investment trust's stock worth $422,000 after acquiring an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.
Welltower Stock Performance
Shares of NYSE WELL traded down $1.17 during trading on Wednesday, reaching $148.81. 4,861,239 shares of the company traded hands, compared to its average volume of 2,579,921. The firm has a 50 day simple moving average of $142.19 and a 200-day simple moving average of $134.25. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $95.43 billion, a PE ratio of 95.39, a P/E/G ratio of 2.87 and a beta of 1.20. Welltower Inc. has a 52-week low of $87.87 and a 52-week high of $158.55.
Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings data 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 net margin of 11.91% and a return on equity of 3.15%. Equities research analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current year.
Welltower Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Tuesday, February 25th. Welltower's payout ratio is 171.79%.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on WELL shares. Evercore ISI increased their price target on shares of Welltower from $144.00 to $145.00 and gave the stock an "in-line" rating in a research note on Tuesday, March 4th. Royal Bank of Canada upgraded shares of Welltower from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Raymond James raised their price objective on shares of Welltower from $145.00 to $155.00 and gave the company a "strong-buy" rating in a research note on Monday, December 16th. Scotiabank raised their price objective on shares of Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a research note on Thursday, March 6th. Finally, Wedbush upgraded shares of Welltower from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $145.00 to $167.00 in a research note on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $156.46.
Read Our Latest Stock Report on WELL
About Welltower
(
Free Report)
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.
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