EverSource Wealth Advisors LLC Purchases 1,583 Shares of Welltower Inc. (NYSE:WELL)

EverSource Wealth Advisors LLC grew its position in Welltower Inc. (NYSE:WELL) by 72.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,753 shares of the real estate investment trust’s stock after purchasing an additional 1,583 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Welltower were worth $473,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP raised its position in shares of Welltower by 10.6% in the third quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock valued at $2,392,349,000 after purchasing an additional 1,797,330 shares during the period. FMR LLC raised its position in shares of Welltower by 38.1% in the third quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock valued at $1,847,289,000 after purchasing an additional 3,977,845 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Welltower by 638.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust’s stock valued at $886,022,000 after purchasing an additional 5,982,711 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Welltower by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,066,213 shares of the real estate investment trust’s stock valued at $776,657,000 after purchasing an additional 46,332 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Welltower by 3.1% during the fourth quarter. Bank of New York Mellon Corp now owns 3,884,674 shares of the real estate investment trust’s stock worth $489,585,000 after acquiring an additional 117,170 shares during the period. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Up 1.3 %

Shares of NYSE:WELL opened at $147.85 on Friday. Welltower Inc. has a 52 week low of $87.87 and a 52 week high of $158.55. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. The company’s fifty day moving average is $141.13 and its 200-day moving average is $133.64. The company has a market capitalization of $94.81 billion, a PE ratio of 94.77, a P/E/G ratio of 2.87 and a beta of 1.20.

Welltower (NYSE:WELL) last issued its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. Equities research analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were paid a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 annualized dividend and a dividend yield of 1.81%. Welltower’s dividend payout ratio is presently 171.79%.

Wall Street Analysts Forecast Growth

WELL has been the topic of a number of research reports. Raymond James boosted their target price on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 16th. Wells Fargo & Company boosted their target price on shares of Welltower from $140.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Monday, March 10th. StockNews.com lowered shares of Welltower from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. Mizuho boosted their target price on shares of Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Finally, Jefferies Financial Group raised shares of Welltower from a “hold” rating to a “buy” rating and boosted their target price for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $150.19.

Welltower Company Profile

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.