Global Retirement Partners LLC Has $544,000 Stake in Welltower Inc. (NYSE:WELL)

Global Retirement Partners LLC trimmed its holdings in Welltower Inc. (NYSE:WELL) by 3.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,315 shares of the real estate investment trust’s stock after selling 176 shares during the period. Global Retirement Partners LLC’s holdings in Welltower were worth $544,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in WELL. New York State Common Retirement Fund lifted its stake in Welltower by 3.2% during the 4th quarter. New York State Common Retirement Fund now owns 766,965 shares of the real estate investment trust’s stock valued at $96,661,000 after acquiring an additional 23,600 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Welltower during the fourth quarter valued at about $3,270,000. Buckingham Capital Management Inc. boosted its holdings in Welltower by 1.7% during the fourth quarter. Buckingham Capital Management Inc. now owns 36,563 shares of the real estate investment trust’s stock worth $4,608,000 after purchasing an additional 609 shares during the last quarter. Empower Advisory Group LLC bought a new stake in Welltower in the 4th quarter worth about $202,000. Finally, Truist Financial Corp increased its stake in Welltower by 6.9% in the 4th quarter. Truist Financial Corp now owns 35,441 shares of the real estate investment trust’s stock valued at $4,467,000 after buying an additional 2,274 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on WELL shares. Wedbush raised shares of Welltower from a “neutral” rating to an “outperform” rating and increased their target price for the company from $145.00 to $167.00 in a research report on Friday, February 14th. StockNews.com downgraded Welltower from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. Scotiabank upped their price target 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 price objective on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Finally, Jefferies Financial Group raised shares of Welltower from a “hold” rating to a “buy” rating and upped their price objective for the company from $132.00 to $147.00 in a report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Welltower has a consensus rating of “Moderate Buy” and an average target price of $140.19.

Welltower Trading Down 1.1 %

Shares of WELL stock opened at $148.69 on Monday. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The firm has a market cap of $95.35 billion, a P/E ratio of 95.31, a price-to-earnings-growth ratio of 2.87 and a beta of 1.23. The business has a 50-day moving average price of $133.83 and a two-hundred day moving average price of $130.36. Welltower Inc. has a 12-month low of $87.87 and a 12-month high of $152.81.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (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 analysts anticipate that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Tuesday, February 25th. Welltower’s dividend payout ratio (DPR) is 171.79%.

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.