Sound View Wealth Advisors Group LLC Has $450,000 Stock Holdings in Welltower Inc. (NYSE:WELL)

Sound View Wealth Advisors Group LLC grew its holdings in shares of Welltower Inc. (NYSE:WELL) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,571 shares of the real estate investment trust’s stock after buying an additional 200 shares during the quarter. Sound View Wealth Advisors Group LLC’s holdings in Welltower were worth $450,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Retirement Systems of Alabama raised its position in 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 valued at $60,228,000 after buying an additional 16,946 shares during the last quarter. Barclays PLC raised its holdings in shares of Welltower by 29.2% in the third quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock valued at $215,659,000 after purchasing an additional 380,888 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of Welltower by 20.1% during the fourth quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust’s stock valued at $1,696,000 after purchasing an additional 2,250 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in Welltower during the fourth quarter worth about $367,000. Finally, Nordea Investment Management AB boosted its holdings in Welltower by 28.1% during the fourth quarter. Nordea Investment Management AB now owns 1,477,388 shares of the real estate investment trust’s stock worth $185,649,000 after purchasing an additional 324,520 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Welltower Stock Performance

NYSE WELL opened at $147.22 on Monday. The firm has a market cap of $94.41 billion, a P/E ratio of 94.37, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The company’s 50 day moving average is $138.99 and its 200-day moving average is $132.86. Welltower Inc. has a 12-month low of $87.87 and a 12-month high of $158.55.

Welltower (NYSE:WELL) last issued its 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 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 year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were issued 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 yield of 1.82%. Welltower’s dividend payout ratio (DPR) is 171.79%.

Wall Street Analyst Weigh In

WELL has been the subject of several analyst reports. Raymond James increased their price objective on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Monday, December 16th. StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. Royal Bank of Canada upgraded Welltower from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Scotiabank lifted their target price on Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a research note on Thursday. Finally, Wedbush upgraded shares of Welltower from a “neutral” rating to an “outperform” rating and increased their price target for the company from $145.00 to $167.00 in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $148.42.

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.