Welltower Inc. (NYSE:WELL) Shares Acquired by Naviter Wealth LLC

Naviter Wealth LLC lifted its stake in shares of Welltower Inc. (NYSE:WELL) by 14.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,788 shares of the real estate investment trust’s stock after buying an additional 4,726 shares during the period. Naviter Wealth LLC’s holdings in Welltower were worth $4,636,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Mather Group LLC. raised its holdings in shares of Welltower by 3.8% during the fourth quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust’s stock worth $259,000 after purchasing an additional 75 shares during the last quarter. Childress Capital Advisors LLC raised its holdings in shares of Welltower by 3.7% during the fourth quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust’s stock worth $271,000 after purchasing an additional 76 shares during the last quarter. Wealthspire Advisors LLC raised its holdings in shares of Welltower by 2.5% during the fourth quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust’s stock worth $435,000 after purchasing an additional 83 shares during the last quarter. Graypoint LLC raised its holdings in shares of Welltower by 2.5% during the fourth quarter. Graypoint LLC now owns 3,427 shares of the real estate investment trust’s stock worth $432,000 after purchasing an additional 84 shares during the last quarter. Finally, Investment Advisory Group LLC raised its holdings in shares of Welltower by 1.8% during the fourth quarter. Investment Advisory Group LLC now owns 4,889 shares of the real estate investment trust’s stock worth $616,000 after purchasing an additional 85 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WELL has been the subject of several recent research reports. Scotiabank raised their target price on shares of Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a report on Thursday. Mizuho raised their target price on shares of Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. StockNews.com cut shares of Welltower from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. Raymond James lifted their price objective on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a report on Monday, December 16th. Finally, Royal Bank of Canada raised shares of Welltower from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $146.00 to $168.00 in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.42.

Welltower Stock Down 1.2 %

Shares of NYSE WELL opened at $147.22 on Friday. The company’s 50-day simple moving average is $138.99 and its 200-day simple moving average is $132.63. Welltower Inc. has a 52-week low of $87.87 and a 52-week high of $158.55. The firm has a market cap of $94.41 billion, a price-to-earnings ratio of 94.37, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20. 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 (NYSE:WELL) last announced its 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 predict that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were given a dividend of $0.67 per share. The ex-dividend date was Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a yield of 1.82%. Welltower’s payout ratio is presently 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.