Whalerock Point Partners LLC Purchases 249 Shares of Welltower Inc. (NYSE:WELL)

Whalerock Point Partners LLC grew its position in Welltower Inc. (NYSE:WELL) by 10.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,638 shares of the real estate investment trust’s stock after purchasing an additional 249 shares during the period. Whalerock Point Partners LLC’s holdings in Welltower were worth $332,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WELL. Barclays PLC increased its position in shares of Welltower by 29.2% during the third quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock worth $215,659,000 after acquiring an additional 380,888 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Welltower during the 3rd quarter worth about $337,000. Tidal Investments LLC raised its stake in shares of Welltower by 46.2% in the 3rd quarter. Tidal Investments LLC now owns 21,016 shares of the real estate investment trust’s stock valued at $2,691,000 after purchasing an additional 6,639 shares during the period. Synovus Financial Corp lifted its holdings in shares of Welltower by 51.3% in the third quarter. Synovus Financial Corp now owns 3,326 shares of the real estate investment trust’s stock valued at $426,000 after purchasing an additional 1,128 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Welltower by 3.2% in the third quarter. Franklin Resources Inc. now owns 391,264 shares of the real estate investment trust’s stock valued at $49,925,000 after purchasing an additional 12,265 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on WELL. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research report on Friday, April 18th. Wells Fargo & Company restated an “equal weight” rating on shares of Welltower in a report on Thursday, April 17th. Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and increased their price target for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. Scotiabank boosted their price target on Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a research report on Thursday, March 6th. Finally, Wedbush reissued an “underperform” rating on shares of Welltower in a report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $156.46.

Welltower Trading Down 0.5 %

Shares of WELL stock opened at $146.98 on Friday. The stock has a market cap of $95.76 billion, a P/E ratio of 94.22, a price-to-earnings-growth ratio of 2.87 and a beta of 0.93. Welltower Inc. has a 1 year low of $93.72 and a 1 year high of $158.55. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. The stock has a 50 day simple moving average of $148.01 and a 200 day simple moving average of $138.31.

Welltower (NYSE:WELL) last released 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 return on equity of 3.15% and a net margin of 11.91%. On average, research analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders 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 dividend yield of 1.82%. Welltower’s dividend payout ratio (DPR) is currently 171.79%.

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.