Welltower Inc. (NYSE:WELL) Shares Purchased by HB Wealth Management LLC

HB Wealth Management LLC lifted its holdings in Welltower Inc. (NYSE:WELL) by 11.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,621 shares of the real estate investment trust’s stock after purchasing an additional 577 shares during the period. HB Wealth Management LLC’s holdings in Welltower were worth $507,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bruce G. Allen Investments LLC acquired a new position in Welltower during the 4th quarter worth approximately $25,000. Covestor Ltd grew its holdings in Welltower by 97.4% during the 1st quarter. Covestor Ltd now owns 298 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 147 shares in the last quarter. Headlands Technologies LLC grew its holdings in Welltower by 479.6% during the 3rd quarter. Headlands Technologies LLC now owns 313 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 259 shares in the last quarter. First Capital Advisors Group LLC. acquired a new position in Welltower during the 2nd quarter worth approximately $26,000. Finally, FinTrust Capital Advisors LLC grew its holdings in Welltower by 117.8% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 342 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 185 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Mizuho boosted their price objective on shares of Welltower from $90.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Scotiabank reduced their price objective on shares of Welltower from $97.00 to $96.00 and set a “sector outperform” rating for the company in a research report on Monday, March 4th. BNP Paribas assumed coverage on shares of Welltower in a research report on Monday, March 18th. They set an “outperform” rating and a $104.00 price objective for the company. KeyCorp boosted their price objective on shares of Welltower from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, January 5th. Finally, JPMorgan Chase & Co. upgraded shares of Welltower from a “neutral” rating to an “overweight” rating and upped their price target for the company from $92.00 to $99.00 in a research report on Monday, December 18th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Welltower has an average rating of “Moderate Buy” and a consensus price target of $93.69.

Welltower Trading Up 2.0 %

Shares of WELL opened at $92.80 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.22 and a quick ratio of 3.22. The firm has a 50 day simple moving average of $90.61 and a 200-day simple moving average of $88.05. Welltower Inc. has a 1-year low of $67.05 and a 1-year high of $94.63. The stock has a market cap of $52.79 billion, a price-to-earnings ratio of 145.00, a price-to-earnings-growth ratio of 2.32 and a beta of 1.08.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.79). The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Welltower had a return on equity of 1.47% and a net margin of 5.12%. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period last year, the business earned $0.83 earnings per share. Equities analysts forecast that Welltower Inc. will post 4.02 EPS for the current fiscal year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Friday, February 23rd were paid a $0.61 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.44 annualized dividend and a yield of 2.63%. Welltower’s payout ratio is currently 381.26%.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.