Welltower Inc. (NYSE:WELL) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC lifted its position in shares of Welltower Inc. (NYSE:WELL) by 116.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 45,492 shares of the real estate investment trust’s stock after acquiring an additional 24,476 shares during the quarter. Tidal Investments LLC’s holdings in Welltower were worth $5,733,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Roxbury Financial LLC bought a new position in Welltower during the 4th quarter worth $26,000. Sierra Ocean LLC bought a new position in Welltower during the 4th quarter worth $28,000. First Command Advisory Services Inc. bought a new position in Welltower during the 4th quarter worth $50,000. Cape Investment Advisory Inc. bought a new position in Welltower during the 4th quarter worth $53,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Welltower during the 4th quarter worth $68,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WELL has been the subject of a number of recent research reports. Mizuho upped their price objective on Welltower from $141.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 18th. Scotiabank upped their price objective on Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a research note on Thursday, March 6th. Wells Fargo & Company restated an “equal weight” rating on shares of Welltower in a research note on Thursday, April 17th. Morgan Stanley upped their price objective on Welltower from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 6th. Finally, Royal Bank of Canada raised Welltower from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $146.00 to $168.00 in a research note on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $161.83.

Welltower Trading Up 0.3%

Shares of WELL stock opened at $151.14 on Wednesday. The stock has a 50-day simple moving average of $147.61 and a 200 day simple moving average of $140.46. Welltower Inc. has a fifty-two week low of $99.77 and a fifty-two week high of $158.55. The stock has a market capitalization of $98.84 billion, a P/E ratio of 96.88, a P/E/G ratio of 2.87 and a beta of 0.94. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48.

Welltower (NYSE:WELL) last announced its earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.05. Welltower had a return on equity of 3.15% and a net margin of 11.91%. The business had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter last year, the business posted $1.01 earnings per share. The company’s quarterly revenue was up 30.3% on a year-over-year basis. On average, sell-side analysts expect that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th will be paid a dividend of $0.67 per share. The ex-dividend date is Wednesday, May 14th. This represents a $2.68 annualized dividend and a yield of 1.77%. Welltower’s dividend payout ratio is currently 154.02%.

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.