New Age Alpha Advisors LLC Invests $15.03 Million in Welltower Inc. (NYSE:WELL)

New Age Alpha Advisors LLC purchased a new stake in Welltower Inc. (NYSE:WELL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 119,216 shares of the real estate investment trust's stock, valued at approximately $15,025,000. Welltower makes up about 0.6% of New Age Alpha Advisors LLC's investment portfolio, making the stock its 24th largest holding.

Several other institutional investors have also recently made changes to their positions in WELL. Kingsview Wealth Management LLC raised its holdings in shares of Welltower by 4.2% in the 3rd quarter. Kingsview Wealth Management LLC now owns 4,966 shares of the real estate investment trust's stock worth $636,000 after acquiring an additional 200 shares during the last quarter. Larson Financial Group LLC bought a new stake in shares of Welltower in the 3rd quarter worth $81,000. Centaurus Financial Inc. purchased a new stake in shares of Welltower in the third quarter valued at about $101,000. D.A. Davidson & CO. boosted its holdings in Welltower by 5.9% during the third quarter. D.A. Davidson & CO. now owns 17,118 shares of the real estate investment trust's stock worth $2,192,000 after purchasing an additional 949 shares during the last quarter. Finally, Avestar Capital LLC boosted its stake in shares of Welltower by 10.1% in the 3rd quarter. Avestar Capital LLC now owns 2,536 shares of the real estate investment trust's stock worth $325,000 after buying an additional 232 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Welltower Price Performance

NYSE WELL traded down $0.07 during trading on Tuesday, reaching $153.14. The company's stock had a trading volume of 777,046 shares, compared to its average volume of 2,798,664. The stock has a market capitalization of $98.21 billion, a PE ratio of 98.53, a P/E/G ratio of 2.87 and a beta of 1.20. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. The firm has a fifty day moving average of $146.26 and a 200 day moving average of $135.79. Welltower Inc. has a one year low of $87.87 and a one year high of $158.55.

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

Welltower Announces Dividend

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

Analyst Upgrades and Downgrades

WELL has been the topic of a number of recent analyst reports. StockNews.com lowered Welltower from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. Evercore ISI lifted their target price on Welltower from $144.00 to $145.00 and gave the stock an "in-line" rating in a research note on Tuesday, March 4th. Jefferies Financial Group upgraded shares of 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 report on Thursday, January 2nd. Wedbush upgraded shares of Welltower from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $145.00 to $167.00 in a research note on Friday, February 14th. Finally, Wells Fargo & Company raised their target price on Welltower from $140.00 to $158.00 and gave the stock an "equal weight" rating in a research report on Monday, March 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $156.46.

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.