C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Acquires Shares of 25,945 Welltower Inc. (NYSE:WELL)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Welltower Inc. (NYSE:WELL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 25,945 shares of the real estate investment trust’s stock, valued at approximately $3,270,000.

A number of other institutional investors have also modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings 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 acquiring an additional 5,982,711 shares in the last quarter. FMR LLC raised its holdings in shares of Welltower by 38.1% in the 3rd 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 in the last quarter. Wellington Management Group LLP lifted its position in shares of Welltower by 10.6% in the 3rd quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock worth $2,392,349,000 after purchasing an additional 1,797,330 shares during the period. Barclays PLC lifted its position in shares of Welltower by 29.2% in the 3rd quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock worth $215,659,000 after purchasing an additional 380,888 shares during the period. Finally, Nordea Investment Management AB boosted its stake in shares of Welltower by 28.1% during the fourth quarter. Nordea Investment Management AB now owns 1,477,388 shares of the real estate investment trust’s stock valued at $185,649,000 after purchasing an additional 324,520 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Trading Up 2.2 %

NYSE WELL opened at $146.49 on Thursday. Welltower Inc. has a 12-month low of $85.40 and a 12-month high of $148.50. The company has a fifty day simple moving average of $130.73 and a two-hundred day simple moving average of $128.27. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The stock has a market cap of $91.22 billion, a P/E ratio of 96.38, a P/E/G ratio of 2.83 and a beta of 1.23.

Welltower (NYSE:WELL) last issued its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.73. Welltower had a return on equity of 3.20% and a net margin of 12.22%. On average, analysts forecast that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 25th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Tuesday, February 25th. Welltower’s dividend payout ratio (DPR) is 176.32%.

Analysts Set New Price Targets

A number of brokerages recently commented on WELL. Bank of America boosted their price objective on shares of Welltower from $190.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Raymond James boosted their price target on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 16th. Scotiabank raised their price objective on Welltower from $142.00 to $144.00 and gave the company a “sector outperform” rating in a research report on Monday, January 27th. Mizuho lifted their target price on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Finally, Jefferies Financial Group raised shares of Welltower from a “hold” rating to a “buy” rating and increased their price target for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Welltower has a consensus rating of “Moderate Buy” and an average target price of $134.96.

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.