Morey & Quinn Wealth Partners LLC Acquires Shares of 7,631 Welltower Inc. (NYSE:WELL)

Morey & Quinn Wealth Partners LLC purchased a new stake in Welltower Inc. (NYSE:WELL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,631 shares of the real estate investment trust’s stock, valued at approximately $962,000. Welltower accounts for 0.8% of Morey & Quinn Wealth Partners LLC’s investment portfolio, making the stock its 27th largest position.

Several other institutional investors also recently bought and sold shares of the company. Mather Group LLC. raised its stake in Welltower by 3.8% in the fourth quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust’s stock worth $259,000 after buying an additional 75 shares in the last quarter. Childress Capital Advisors LLC boosted its position in Welltower by 3.7% during the fourth quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust’s stock valued at $271,000 after purchasing an additional 76 shares in the last quarter. Woodmont Investment Counsel LLC grew its stake in Welltower by 3.8% in the fourth quarter. Woodmont Investment Counsel LLC now owns 2,213 shares of the real estate investment trust’s stock valued at $279,000 after purchasing an additional 81 shares during the last quarter. Wealthspire Advisors LLC raised its holdings in Welltower by 2.5% in the fourth quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust’s stock worth $435,000 after purchasing an additional 83 shares in the last quarter. Finally, Graypoint LLC lifted its position in shares of Welltower by 2.5% during the fourth quarter. Graypoint LLC now owns 3,427 shares of the real estate investment trust’s stock valued at $432,000 after buying an additional 84 shares during the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Welltower Price Performance

Shares of WELL opened at $148.34 on Wednesday. The company has a market capitalization of $95.13 billion, a P/E ratio of 95.09, a P/E/G ratio of 2.87 and a beta of 1.20. The business’s 50-day moving average is $144.41 and its two-hundred day moving average is $135.13. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. Welltower Inc. has a fifty-two week low of $87.87 and a fifty-two week high of $158.55.

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

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were given a $0.67 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.81%. Welltower’s dividend payout ratio (DPR) is currently 171.79%.

Analysts Set New Price Targets

WELL has been the topic of several research analyst reports. Scotiabank boosted 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, March 6th. 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 report on Monday, December 16th. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research report on Tuesday, March 18th. Bank of America raised their price target on shares of Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, Mizuho lifted their price objective on shares of Welltower from $141.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 18th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Welltower presently has an average rating of “Moderate Buy” and a consensus target price of $156.46.

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.