Summit Financial LLC Increases Stock Position in Welltower Inc. (NYSE:WELL)

Summit Financial LLC grew its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 74.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,315 shares of the real estate investment trust's stock after purchasing an additional 1,839 shares during the period. Summit Financial LLC's holdings in Welltower were worth $544,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in WELL. Laurel Wealth Advisors LLC purchased a new position in shares of Welltower in the 4th quarter worth $25,000. Roxbury Financial LLC purchased a new stake in shares of Welltower during the 4th quarter valued at about $26,000. Sierra Ocean LLC bought a new position in shares of Welltower in the 4th quarter valued at about $28,000. Versant Capital Management Inc grew its position 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 worth $38,000 after acquiring an additional 187 shares in the last quarter. Finally, First Command Advisory Services Inc. purchased a new position in Welltower in the fourth quarter worth about $50,000. 94.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on WELL shares. Wells Fargo & Company raised their price objective on Welltower from $140.00 to $158.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. Bank of America increased their price target on Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Mizuho lifted their price objective on shares of Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 18th. Jefferies Financial Group raised shares of Welltower from a "hold" rating to a "buy" rating and increased their target price for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. Finally, StockNews.com lowered shares of Welltower from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Welltower presently has an average rating of "Moderate Buy" and a consensus target price of $156.46.

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Welltower Trading Down 1.8 %

Welltower stock traded down $2.61 during trading hours on Monday, hitting $140.68. The company had a trading volume of 1,758,913 shares, compared to its average volume of 2,830,724. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. The firm has a market cap of $91.22 billion, a P/E ratio of 89.95, a P/E/G ratio of 2.87 and a beta of 0.93. The company has a 50-day moving average price of $147.64 and a two-hundred day moving average price of $136.41. Welltower Inc. has a 1 year low of $87.87 and a 1 year high of $158.55.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. On average, sell-side analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current 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 paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 annualized dividend and a dividend yield of 1.91%. Welltower's dividend payout ratio is currently 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.