Park Avenue Securities LLC Buys 2,250 Shares of Welltower Inc. (NYSE:WELL)

Park Avenue Securities LLC increased its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 20.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,456 shares of the real estate investment trust's stock after buying an additional 2,250 shares during the quarter. Park Avenue Securities LLC's holdings in Welltower were worth $1,696,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WELL. Federated Hermes Inc. increased its stake in Welltower by 18.7% in the second quarter. Federated Hermes Inc. now owns 9,337 shares of the real estate investment trust's stock valued at $973,000 after acquiring an additional 1,470 shares during the period. Edgestream Partners L.P. grew its stake in shares of Welltower by 142.4% in the 2nd quarter. Edgestream Partners L.P. now owns 6,155 shares of the real estate investment trust's stock valued at $642,000 after purchasing an additional 3,616 shares during the period. Wealth Alliance acquired a new position in shares of Welltower in the 2nd quarter worth approximately $217,000. Mercer Global Advisors Inc. ADV lifted its position in shares of Welltower by 3.7% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 72,446 shares of the real estate investment trust's stock worth $7,552,000 after buying an additional 2,602 shares during the period. Finally, Intech Investment Management LLC boosted its stake in Welltower by 36.7% in the 2nd quarter. Intech Investment Management LLC now owns 30,485 shares of the real estate investment trust's stock valued at $3,178,000 after buying an additional 8,191 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Welltower Stock Up 0.6 %

Shares of WELL stock traded up $0.74 during trading hours on Friday, hitting $129.47. 2,726,938 shares of the company were exchanged, compared to its average volume of 2,475,589. Welltower Inc. has a 52 week low of $85.40 and a 52 week high of $140.75. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The business has a 50 day moving average of $130.44 and a two-hundred day moving average of $124.41. The company has a market capitalization of $80.62 billion, a PE ratio of 85.18, a PEG ratio of 2.52 and a beta of 1.22.

Welltower (NYSE:WELL - Get Free Report) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.04 by ($0.31). The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. Welltower's revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter last year, the company posted $0.92 EPS. Analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were issued a $0.67 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.07%. Welltower's dividend payout ratio (DPR) is presently 176.32%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Raymond James lifted their price objective on Welltower from $145.00 to $155.00 and gave the company a "strong-buy" rating in a report on Monday, December 16th. Jefferies Financial Group raised shares of Welltower from a "hold" rating to a "buy" rating and lifted their price target for the company from $132.00 to $147.00 in a report on Thursday, January 2nd. StockNews.com raised shares of Welltower from a "sell" rating to a "hold" rating in a research note on Wednesday, October 30th. Scotiabank lifted their target price on shares of Welltower from $133.00 to $142.00 and gave the company a "sector outperform" rating in a research note on Monday, November 25th. Finally, Wells Fargo & Company reissued an "equal weight" rating and issued a $135.00 target price (up from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $127.63.

Welltower 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.