Flagship Wealth Advisors LLC Takes $90,000 Position in Welltower Inc. (NYSE:WELL)

Flagship Wealth Advisors LLC purchased a new stake in Welltower Inc. (NYSE:WELL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 715 shares of the real estate investment trust’s stock, valued at approximately $90,000.

A number of other large investors also recently made changes to their positions in the stock. Signaturefd LLC raised its stake in Welltower by 5.6% during the 4th quarter. Signaturefd LLC now owns 10,297 shares of the real estate investment trust’s stock worth $1,298,000 after buying an additional 550 shares during the period. Parallel Advisors LLC raised its stake in Welltower by 18.7% during the 4th quarter. Parallel Advisors LLC now owns 4,582 shares of the real estate investment trust’s stock worth $577,000 after buying an additional 721 shares during the period. Cibc World Markets Corp raised its stake in Welltower by 11.0% during the 4th quarter. Cibc World Markets Corp now owns 230,918 shares of the real estate investment trust’s stock worth $29,103,000 after buying an additional 22,918 shares during the period. American Assets Capital Advisers LLC raised its stake in Welltower by 19.6% during the 4th quarter. American Assets Capital Advisers LLC now owns 10,296 shares of the real estate investment trust’s stock worth $1,298,000 after buying an additional 1,684 shares during the period. Finally, Natixis Advisors LLC raised its stake in Welltower by 6.0% during the 4th quarter. Natixis Advisors LLC now owns 355,665 shares of the real estate investment trust’s stock worth $44,825,000 after buying an additional 20,106 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Price Performance

Shares of NYSE WELL opened at $151.22 on Tuesday. The stock has a market capitalization of $96.98 billion, a price-to-earnings ratio of 96.93, a PEG ratio of 2.87 and a beta of 1.20. The business has a 50-day moving average of $141.68 and a 200-day moving average of $134.04. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. Welltower Inc. has a fifty-two week low of $87.87 and a fifty-two week high of $158.55.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. As a group, sell-side analysts predict that Welltower Inc. will post 4.88 earnings per share 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 issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Tuesday, February 25th. Welltower’s payout ratio is currently 171.79%.

Wall Street Analyst Weigh In

WELL has been the topic of several research analyst reports. Scotiabank raised their price objective on Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a research note on Thursday, March 6th. Raymond James lifted their price target on Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Monday, December 16th. Wells Fargo & Company lifted their price target on Welltower from $140.00 to $158.00 and gave the company an “equal weight” rating in a research note on Monday, March 10th. Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and lifted their price target for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. Finally, Mizuho lifted their price target on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Welltower currently has a consensus rating of “Moderate Buy” and an average target price of $150.19.

About Welltower

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.