Net Worth Advisory Group Grows Stake in Welltower Inc. (NYSE:WELL)

Net Worth Advisory Group grew its holdings in Welltower Inc. (NYSE:WELL) by 51.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,247 shares of the real estate investment trust’s stock after purchasing an additional 1,438 shares during the period. Net Worth Advisory Group’s holdings in Welltower were worth $535,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of WELL. Laurel Wealth Advisors LLC bought a new stake in Welltower during the 4th quarter worth approximately $25,000. Roxbury Financial LLC bought a new position in shares of Welltower in the 4th quarter worth $26,000. Sierra Ocean LLC purchased a new stake in shares of Welltower in the 4th quarter valued at $28,000. Versant Capital Management Inc boosted its stake in shares of Welltower by 165.5% in the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 187 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Welltower in the 3rd quarter valued at $50,000. Institutional investors own 94.80% of the company’s stock.

Welltower Trading Down 0.9 %

NYSE:WELL opened at $146.10 on Tuesday. The company has a 50-day moving average price of $139.42 and a 200-day moving average price of $133.06. Welltower Inc. has a 12 month low of $87.87 and a 12 month high of $158.55. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. The stock has a market cap of $93.70 billion, a price-to-earnings ratio of 93.65, a P/E/G ratio of 2.87 and a beta of 1.20.

Welltower (NYSE:WELL) last posted its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, topping 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 year.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were paid a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 annualized dividend and a dividend yield of 1.83%. Welltower’s payout ratio is 171.79%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WELL. Evercore ISI upped their price objective on shares of Welltower from $144.00 to $145.00 and gave the company an “in-line” rating in a research note on Tuesday, March 4th. Royal Bank of Canada raised shares of Welltower from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Wells Fargo & Company increased their price target on shares of Welltower from $140.00 to $158.00 and gave the company an “equal weight” rating in a research report on Monday. Scotiabank increased their price target on shares of Welltower from $165.00 to $166.00 and gave the company a “sector outperform” rating in a research report on Thursday, March 6th. Finally, StockNews.com cut shares of Welltower from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $150.19.

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.