Proficio Capital Partners LLC Boosts Holdings in Welltower Inc. (NYSE:WELL)

Proficio Capital Partners LLC increased its position in Welltower Inc. (NYSE:WELL - Free Report) by 148.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,047 shares of the real estate investment trust's stock after buying an additional 2,417 shares during the quarter. Proficio Capital Partners LLC's holdings in Welltower were worth $510,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Retirement Systems of Alabama lifted its position in shares of 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 worth $60,228,000 after purchasing an additional 16,946 shares during the period. Barclays PLC lifted its holdings in 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 buying an additional 380,888 shares during the period. Park Avenue Securities LLC boosted its position in Welltower by 20.1% during the 4th quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust's stock valued at $1,696,000 after acquiring an additional 2,250 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC grew its holdings in shares of Welltower by 17.3% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,936,954 shares of the real estate investment trust's stock worth $244,114,000 after acquiring an additional 285,015 shares during the period. Finally, Whipplewood Advisors LLC bought a new position in shares of Welltower in the 4th quarter worth approximately $367,000. 94.80% of the stock is currently owned by institutional investors.

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Welltower Stock Performance

Shares of WELL stock traded up $0.39 during trading hours on Thursday, reaching $150.24. The company had a trading volume of 2,849,151 shares, compared to its average volume of 3,022,837. The firm has a market cap of $96.35 billion, a PE ratio of 96.31, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20. The business has a fifty day moving average price of $144.88 and a 200-day moving average price of $135.23. Welltower Inc. has a one year low of $87.87 and a one year high of $158.55. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22.

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%. Sell-side analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were paid a dividend of $0.67 per share. The ex-dividend date was Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.78%. Welltower's dividend payout ratio is currently 171.79%.

Wall Street Analysts Forecast Growth

WELL has been the topic of several recent research reports. Jefferies Financial Group raised Welltower from a "hold" rating to a "buy" rating and upped their price target for the stock from $132.00 to $147.00 in a research note on Thursday, January 2nd. Wedbush upgraded shares of Welltower from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $145.00 to $167.00 in a research note on Friday, February 14th. Scotiabank boosted their price objective on shares of Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a research note on Thursday, March 6th. Royal Bank of Canada raised shares of Welltower from a "sector perform" rating to an "outperform" rating and raised their target price for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Finally, Bank of America boosted their price target on Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Welltower has an average rating of "Moderate Buy" and an average target price of $156.46.

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.