C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Acquires New Shares in Welltower Inc. (NYSE:WELL)

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

Other large investors have also recently added to or reduced their stakes in the company. Roxbury Financial LLC acquired a new position in Welltower during the fourth quarter worth $26,000. Laurel Wealth Advisors LLC acquired a new position in Welltower during the fourth quarter worth $25,000. Sierra Ocean LLC acquired a new position in Welltower during the fourth quarter worth $28,000. Fortitude Family Office LLC lifted its stake in Welltower by 37.0% during the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 78 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in Welltower by 165.5% during the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 187 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on WELL. Bank of America upped their price target on Welltower from $190.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. StockNews.com downgraded Welltower from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. Mizuho lifted their price target on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and lifted their target price for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. Finally, Raymond James boosted their price target on Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $138.58.

Welltower Trading Down 0.9 %

WELL stock opened at $150.03 on Tuesday. The company has a market cap of $93.42 billion, a price-to-earnings ratio of 98.70, a PEG ratio of 2.83 and a beta of 1.23. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $131.74 and a 200-day simple moving average of $129.07. Welltower Inc. has a 52 week low of $87.87 and a 52 week high of $151.96.

Welltower (NYSE:WELL) last released its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 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, equities research analysts expect that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Dividend Announcement

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 issued a dividend of $0.67 per share. The ex-dividend date is Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.79%. Welltower’s payout ratio is 176.32%.

Welltower 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.