Pinnacle Wealth Management Advisory Group LLC Has $3.54 Million Holdings in Welltower Inc. (NYSE:WELL)

Pinnacle Wealth Management Advisory Group LLC decreased its position in Welltower Inc. (NYSE:WELL) by 3.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 28,082 shares of the real estate investment trust’s stock after selling 928 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Welltower were worth $3,539,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in WELL. Creative Planning grew its position in shares of Welltower by 2.3% in the third quarter. Creative Planning now owns 165,077 shares of the real estate investment trust’s stock valued at $21,135,000 after purchasing an additional 3,682 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in shares of Welltower by 10.4% in the third quarter. Vontobel Holding Ltd. now owns 19,617 shares of the real estate investment trust’s stock valued at $2,512,000 after buying an additional 1,846 shares during the period. Bleakley Financial Group LLC boosted its stake in shares of Welltower by 5.0% in the third quarter. Bleakley Financial Group LLC now owns 12,790 shares of the real estate investment trust’s stock valued at $1,638,000 after buying an additional 611 shares during the period. Marshall Financial Group LLC bought a new stake in shares of Welltower in the third quarter valued at approximately $654,000. Finally, Trust Co. of Vermont boosted its stake in shares of Welltower by 1,088.0% in the third quarter. Trust Co. of Vermont now owns 1,188 shares of the real estate investment trust’s stock valued at $152,000 after buying an additional 1,088 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Ratings Changes

WELL has been the subject of several recent research reports. Raymond James boosted their price target on Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Monday, December 16th. Scotiabank boosted their price target on Welltower from $142.00 to $144.00 and gave the company a “sector outperform” rating in a research note on Monday, January 27th. Wedbush upgraded Welltower from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $145.00 to $167.00 in a research note on Friday. Bank of America boosted their price target on Welltower from $190.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and upped their target price for the stock from $132.00 to $147.00 in a research note on Thursday, January 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $138.58.

Welltower Stock Down 0.9 %

Shares of WELL opened at $150.03 on Friday. Welltower Inc. has a 52 week low of $87.87 and a 52 week high of $151.96. The stock has a market capitalization of $93.42 billion, a price-to-earnings ratio of 98.70, a PEG ratio of 2.83 and a beta of 1.23. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. The stock has a fifty day moving average of $131.74 and a 200-day moving average of $128.83.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.73. Welltower had a return on equity of 3.20% and a net margin of 12.22%. As a group, sell-side analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Tuesday, February 25th. Welltower’s payout ratio is 176.32%.

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.