Denali Advisors LLC Acquires 3,019 Shares of Welltower Inc. (NYSE:WELL)

Denali Advisors LLC grew its holdings in Welltower Inc. (NYSE:WELL) by 27.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,167 shares of the real estate investment trust’s stock after purchasing an additional 3,019 shares during the period. Denali Advisors LLC’s holdings in Welltower were worth $1,785,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Welltower by 638.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust’s stock valued at $886,022,000 after purchasing an additional 5,982,711 shares during the period. FMR LLC raised its stake in Welltower by 38.1% during the 3rd quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock valued at $1,847,289,000 after buying an additional 3,977,845 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Welltower by 10.6% during the 3rd quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock valued at $2,392,349,000 after buying an additional 1,797,330 shares during the period. Barclays PLC lifted its holdings in shares of Welltower by 29.2% during the 3rd quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock valued at $215,659,000 after buying an additional 380,888 shares during the period. Finally, Nordea Investment Management AB boosted its stake in shares of Welltower by 28.1% in the 4th quarter. Nordea Investment Management AB now owns 1,477,388 shares of the real estate investment trust’s stock worth $185,649,000 after buying an additional 324,520 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Trading Down 0.8 %

Shares of WELL stock opened at $150.50 on Thursday. 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 stock has a fifty day simple moving average of $135.22 and a two-hundred day simple moving average of $130.99. The firm has a market capitalization of $96.52 billion, a PE ratio of 96.47, a PEG ratio of 2.87 and a beta of 1.23. Welltower Inc. has a 52-week low of $87.87 and a 52-week high of $152.81.

Welltower (NYSE:WELL) last released its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping 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, analysts predict that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Tuesday, February 25th. Welltower’s payout ratio is currently 171.79%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Raymond James upped their price objective on Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research report on Monday, December 16th. StockNews.com lowered shares of Welltower from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. Mizuho raised their price objective on shares of Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Bank of America upped their target price on shares of Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Finally, Scotiabank increased their price target on shares of Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $140.19.

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.