2,476 Shares in Welltower Inc. (NYSE:WELL) Acquired by Retirement Planning Group LLC NY

Retirement Planning Group LLC NY purchased a new position in shares of Welltower Inc. (NYSE:WELL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,476 shares of the real estate investment trust’s stock, valued at approximately $312,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WELL. Norges Bank bought a new stake in Welltower during the fourth quarter worth $3,943,892,000. Northern Trust Corp lifted its stake in Welltower by 53.5% during the fourth quarter. Northern Trust Corp now owns 8,430,496 shares of the real estate investment trust’s stock worth $1,062,495,000 after purchasing an additional 2,939,229 shares during the last quarter. Vanguard Group Inc. lifted its stake in Welltower by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 98,295,258 shares of the real estate investment trust’s stock worth $12,388,151,000 after purchasing an additional 2,612,044 shares during the last quarter. Groupama Asset Managment lifted its stake in Welltower by 23,204.3% during the fourth quarter. Groupama Asset Managment now owns 1,900,000 shares of the real estate investment trust’s stock worth $2,183,000 after purchasing an additional 1,891,847 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Welltower by 9.7% during the fourth quarter. Bank of America Corp DE now owns 18,706,788 shares of the real estate investment trust’s stock worth $2,357,617,000 after purchasing an additional 1,652,611 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Welltower Stock Up 1.6%

Shares of NYSE:WELL opened at $149.29 on Friday. The firm has a market cap of $97.63 billion, a P/E ratio of 95.70, 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 Inc. has a 12-month low of $99.95 and a 12-month high of $158.55. The business has a fifty day simple moving average of $147.52 and a 200 day simple moving average of $140.69.

Welltower (NYSE:WELL) last announced its earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.05. The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.40 billion. Welltower had a return on equity of 3.15% and a net margin of 11.91%. Welltower’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same period last year, the company earned $1.01 EPS. Analysts predict that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th were issued a dividend of $0.67 per share. The ex-dividend date was Wednesday, May 14th. This represents a $2.68 dividend on an annualized basis and a yield of 1.80%. Welltower’s payout ratio is currently 154.02%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on WELL shares. Mizuho upped their target price on Welltower from $141.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 18th. Bank of America upped their target price on Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Scotiabank increased their price target on Welltower from $165.00 to $166.00 and gave the company a “sector outperform” rating in a research note on Thursday, March 6th. Wall Street Zen cut Welltower from a “hold” rating to a “sell” rating in a research note on Thursday, May 8th. Finally, Wells Fargo & Company reiterated an “equal weight” rating on shares of Welltower in a research note on Thursday, April 17th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.83.

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.