Welltower Inc. (NYSE:WELL) Shares Purchased by Ballentine Partners LLC

Ballentine Partners LLC raised its stake in Welltower Inc. (NYSE:WELL) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,924 shares of the real estate investment trust’s stock after acquiring an additional 329 shares during the period. Ballentine Partners LLC’s holdings in Welltower were worth $747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new stake in shares of Welltower in the 4th quarter valued at about $25,000. Fortitude Family Office LLC increased its position 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 buying an additional 78 shares during the period. Versant Capital Management Inc lifted its stake in Welltower by 165.5% in the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 187 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Welltower in the third quarter valued at approximately $50,000. Finally, FSA Wealth Management LLC purchased a new position in shares of Welltower during the third quarter worth approximately $59,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Mizuho upped their price target on shares of Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Wells Fargo & Company reissued an “equal weight” rating and set a $135.00 price target (up previously from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and upped their price objective for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. Finally, Raymond James lifted their target price on Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Monday, December 16th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $127.63.

Welltower Trading Down 1.9 %

Shares of WELL stock opened at $131.17 on Thursday. The business’s fifty day moving average price is $130.23 and its 200 day moving average price is $124.91. The firm has a market capitalization of $81.68 billion, a PE ratio of 86.30, a P/E/G ratio of 2.61 and a beta of 1.22. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. Welltower Inc. has a 1-year low of $85.40 and a 1-year high of $140.75.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). Welltower had a return on equity of 3.20% and a net margin of 12.22%. The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the company earned $0.92 earnings per share. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were given a dividend of $0.67 per share. The ex-dividend date was Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.04%. Welltower’s payout ratio is 176.32%.

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.