Headlands Technologies LLC Makes New $883,000 Investment in Welltower Inc. (NYSE:WELL)

Headlands Technologies LLC bought a new position in Welltower Inc. (NYSE:WELL) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 7,005 shares of the real estate investment trust’s stock, valued at approximately $883,000.

A number of other institutional investors have also bought and sold shares of WELL. Laurel Wealth Advisors LLC purchased a new position in shares of Welltower in the fourth quarter worth $25,000. Roxbury Financial LLC purchased a new stake in Welltower in the 4th quarter worth $26,000. Sierra Ocean LLC bought a new position in shares of Welltower during the 4th quarter valued at about $28,000. Versant Capital Management Inc grew its position in shares of Welltower by 165.5% during the fourth 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, First Command Advisory Services Inc. bought a new stake in shares of Welltower in the fourth quarter worth about $50,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on WELL. Scotiabank increased their price target on Welltower from $165.00 to $166.00 and gave the company a “sector outperform” rating in a research note on Thursday, March 6th. Bank of America raised their target price on shares of Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Evercore ISI upped their price target 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. Raymond James upped their target price on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research report on Monday, December 16th. Finally, Mizuho boosted their price objective on Welltower from $141.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.46.

Welltower Price Performance

NYSE WELL opened at $153.03 on Thursday. The stock’s fifty day moving average price is $147.11 and its 200 day moving average price is $136.08. Welltower Inc. has a 1 year low of $87.87 and a 1 year high of $158.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. The company has a market cap of $98.14 billion, a price-to-earnings ratio of 98.10, a PEG ratio of 2.87 and a beta of 1.20.

Welltower (NYSE:WELL) last released its earnings results 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 3.15% and a net margin of 11.91%. As a group, equities research analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.75%. Welltower’s payout ratio is 171.79%.

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.