Morey & Quinn Wealth Partners LLC Invests $962,000 in Welltower Inc. (NYSE:WELL)

Morey & Quinn Wealth Partners LLC bought a new position in Welltower Inc. (NYSE:WELL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 7,631 shares of the real estate investment trust's stock, valued at approximately $962,000. Welltower accounts for about 0.8% of Morey & Quinn Wealth Partners LLC's portfolio, making the stock its 27th biggest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Welltower by 44.1% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 402,688 shares of the real estate investment trust's stock worth $50,751,000 after purchasing an additional 123,228 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Welltower by 6.3% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 56,212 shares of the real estate investment trust's stock valued at $7,084,000 after purchasing an additional 3,327 shares in the last quarter. Prestige Wealth Management Group LLC lifted its position in Welltower by 5.0% in the fourth quarter. Prestige Wealth Management Group LLC now owns 7,999 shares of the real estate investment trust's stock worth $1,008,000 after purchasing an additional 380 shares during the period. Signature Estate & Investment Advisors LLC boosted its stake in Welltower by 5.2% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 1,811 shares of the real estate investment trust's stock worth $228,000 after buying an additional 89 shares in the last quarter. Finally, M.D. Sass LLC bought a new stake in Welltower in the 4th quarter valued at $48,767,000. Institutional investors and hedge funds own 94.80% of the company's stock.

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Analysts Set New Price Targets

WELL has been the subject of several analyst reports. Scotiabank raised their target price on Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a research report on Thursday, March 6th. Mizuho lifted their price objective on Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a report on Tuesday, March 18th. StockNews.com cut shares of Welltower from a "hold" rating to a "sell" rating in a research note on Wednesday. Wells Fargo & Company upped their price objective on Welltower from $140.00 to $158.00 and gave the stock an "equal weight" rating in a report on Monday, March 10th. Finally, Royal Bank of Canada upgraded Welltower from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from $146.00 to $168.00 in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, two have assigned 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, Welltower currently has a consensus rating of "Moderate Buy" and an average target price of $156.46.

Welltower Trading Up 2.3 %

Shares of Welltower stock traded up $3.47 during trading on Friday, reaching $153.39. 2,852,597 shares of the company were exchanged, compared to its average volume of 2,802,695. The business has a 50-day moving average price of $145.78 and a 200-day moving average price of $135.57. The firm has a market capitalization of $98.37 billion, a price-to-earnings ratio of 98.33, a P/E/G ratio of 2.87 and a beta of 1.20. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. Welltower Inc. has a twelve month low of $87.87 and a twelve month high of $158.55.

Welltower (NYSE:WELL - Get Free Report) last posted its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts anticipate that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower's payout ratio is presently 171.79%.

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.