RFG Bristol Wealth Advisors LLC Buys New Stake in Welltower Inc. (NYSE:WELL)

RFG Bristol Wealth Advisors LLC acquired a new stake in Welltower Inc. (NYSE:WELL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 9,659 shares of the real estate investment trust's stock, valued at approximately $1,217,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of WELL. Laurel Wealth Advisors LLC purchased a new stake in Welltower in the fourth quarter valued at $25,000. Roxbury Financial LLC purchased a new position in shares of Welltower in the fourth quarter valued at approximately $26,000. Sierra Ocean LLC purchased a new position in Welltower in the 4th quarter valued at approximately $28,000. Versant Capital Management Inc boosted its holdings in Welltower by 165.5% in the fourth 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 period. Finally, First Command Advisory Services Inc. acquired a new position in shares of Welltower during the fourth quarter worth about $50,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Price Performance

Shares of NYSE WELL traded down $9.17 during trading on Friday, hitting $143.26. 4,825,263 shares of the company were exchanged, compared to its average volume of 2,834,574. The firm's fifty day moving average price is $147.64 and its 200 day moving average price is $136.35. 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 company has a market cap of $92.89 billion, a price-to-earnings ratio of 91.83, a PEG ratio of 2.87 and a beta of 0.93. Welltower Inc. has a 1 year low of $87.87 and a 1 year high of $158.55.

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Welltower (NYSE:WELL - Get Free Report) last issued its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. On average, sell-side analysts expect that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower's dividend payout ratio is currently 171.79%.

Analysts Set New Price Targets

WELL has been the subject of a number of analyst reports. Bank of America boosted their target price on shares of Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Mizuho raised their price objective on Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. Raymond James boosted their target price on Welltower from $145.00 to $155.00 and gave the company a "strong-buy" rating in a report on Monday, December 16th. Evercore ISI raised their price target on Welltower from $144.00 to $145.00 and gave the stock an "in-line" rating in a research note on Tuesday, March 4th. Finally, StockNews.com lowered Welltower from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Welltower has a consensus rating of "Moderate Buy" and an average 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.