Planned Solutions Inc. Purchases Shares of 2,307 Welltower Inc. (NYSE:WELL)

Planned Solutions Inc. purchased a new stake in Welltower Inc. (NYSE:WELL) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 2,307 shares of the real estate investment trust’s stock, valued at approximately $208,000.

A number of other institutional investors have also recently bought and sold shares of WELL. Bruce G. Allen Investments LLC acquired a new stake in shares of Welltower in the fourth quarter valued at approximately $25,000. Covestor Ltd raised its holdings in shares of Welltower by 97.4% in the first quarter. Covestor Ltd now owns 298 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 147 shares during the last quarter. Headlands Technologies LLC raised its holdings in shares of Welltower by 479.6% in the third quarter. Headlands Technologies LLC now owns 313 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 259 shares during the last quarter. First Capital Advisors Group LLC. acquired a new stake in shares of Welltower in the second quarter valued at approximately $26,000. Finally, FinTrust Capital Advisors LLC increased its holdings in Welltower by 117.8% during the third quarter. FinTrust Capital Advisors LLC now owns 342 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 185 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Price Performance

Shares of Welltower stock opened at $92.80 on Thursday. The business has a 50 day moving average of $90.61 and a 200 day moving average of $88.05. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.60. The company has a market cap of $52.79 billion, a PE ratio of 145.00, a P/E/G ratio of 2.32 and a beta of 1.08. Welltower Inc. has a 52 week low of $67.05 and a 52 week high of $94.63.

Welltower (NYSE:WELL) last released its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.79). Welltower had a return on equity of 1.47% and a net margin of 5.12%. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the prior year, the company posted $0.83 earnings per share. The company’s revenue was up 15.2% on a year-over-year basis. As a group, equities research analysts forecast that Welltower Inc. will post 4.02 earnings per share for the current year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Friday, February 23rd were given a $0.61 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.44 annualized dividend and a yield of 2.63%. Welltower’s payout ratio is 381.26%.

Wall Street Analysts Forecast Growth

WELL has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a report on Monday, March 18th. KeyCorp boosted their target price on shares of Welltower from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, January 5th. Mizuho upped their price objective on shares of Welltower from $90.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. JPMorgan Chase & Co. raised shares of Welltower from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $92.00 to $99.00 in a research report on Monday, December 18th. Finally, Scotiabank reduced their target price on shares of Welltower from $97.00 to $96.00 and set a “sector outperform” rating for the company in a research report on Monday, March 4th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $93.69.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.