Kathmere Capital Management LLC Makes New Investment in Welltower Inc. (NYSE:WELL)

Kathmere Capital Management LLC purchased a new stake in Welltower Inc. (NYSE:WELL - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,038 shares of the real estate investment trust's stock, valued at approximately $257,000.

Other hedge funds also recently modified their holdings of the company. Retirement Systems of Alabama raised its holdings in Welltower by 3.7% in the 3rd quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust's stock valued at $60,228,000 after buying an additional 16,946 shares during the last quarter. Diversified Trust Co lifted its holdings in shares of Welltower by 93.8% during the third quarter. Diversified Trust Co now owns 18,474 shares of the real estate investment trust's stock worth $2,365,000 after purchasing an additional 8,940 shares during the period. Barclays PLC grew its stake in shares of Welltower by 29.2% in the third quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust's stock worth $215,659,000 after purchasing an additional 380,888 shares during the last quarter. Nordea Investment Management AB increased its holdings in Welltower by 28.1% in the fourth quarter. Nordea Investment Management AB now owns 1,477,388 shares of the real estate investment trust's stock valued at $185,649,000 after purchasing an additional 324,520 shares during the period. Finally, Duff & Phelps Investment Management Co. bought a new position in Welltower during the 2nd quarter worth $254,977,000. Institutional investors and hedge funds own 94.80% of the company's stock.

Welltower Stock Up 0.6 %

Shares of NYSE WELL traded up $0.74 during midday trading on Friday, hitting $129.47. 2,726,938 shares of the stock traded hands, compared to its average volume of 2,325,831. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. Welltower Inc. has a one year low of $85.40 and a one year high of $140.75. The business has a 50 day moving average price of $130.61 and a two-hundred day moving average price of $124.11. The company has a market cap of $80.62 billion, a PE ratio of 85.18, a P/E/G ratio of 2.52 and a beta of 1.22.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing analysts' consensus estimates of $1.04 by ($0.31). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the firm posted $0.92 EPS. The business's revenue for the quarter was up 23.7% compared to the same quarter last year. On average, equities analysts predict that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were given a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 annualized dividend and a yield of 2.07%. Welltower's payout ratio is 176.32%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WELL. Jefferies Financial Group raised Welltower from a "hold" rating to a "buy" rating and increased their price target for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. Mizuho raised their price target 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 upped 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. Wells Fargo & Company reissued an "equal weight" rating and set a $135.00 target price (up previously from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Finally, Scotiabank upped their price target on shares of Welltower from $133.00 to $142.00 and gave the company a "sector outperform" rating in a research report on Monday, November 25th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $127.63.

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.