Atomi Financial Group Inc. Buys 614 Shares of Welltower Inc. (NYSE:WELL)

Atomi Financial Group Inc. increased its stake in Welltower Inc. (NYSE:WELL) by 12.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,634 shares of the real estate investment trust’s stock after purchasing an additional 614 shares during the period. Atomi Financial Group Inc.’s holdings in Welltower were worth $710,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Wellington Management Group LLP boosted its stake in Welltower by 10.6% in the third quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock valued at $2,392,349,000 after buying an additional 1,797,330 shares in the last quarter. FMR LLC boosted its stake in Welltower by 38.1% in the third quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock valued at $1,847,289,000 after buying an additional 3,977,845 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Welltower by 638.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust’s stock valued at $886,022,000 after buying an additional 5,982,711 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Welltower by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,066,213 shares of the real estate investment trust’s stock valued at $776,657,000 after buying an additional 46,332 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in Welltower by 11.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,914,363 shares of the real estate investment trust’s stock valued at $373,126,000 after buying an additional 291,839 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on WELL. Scotiabank raised their price objective on Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a research note on Monday, November 25th. Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and raised their price objective for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. 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 reissued an “equal weight” rating and set a $135.00 price target (up from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Finally, StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $127.63.

Welltower Price Performance

Welltower stock opened at $132.31 on Friday. The stock’s 50 day moving average is $130.15 and its 200 day moving average is $124.95. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. The firm has a market cap of $82.39 billion, a P/E ratio of 87.05, a P/E/G ratio of 2.69 and a beta of 1.22. Welltower Inc. has a one year low of $85.40 and a one year high of $140.75.

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

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were issued a $0.67 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a yield of 2.03%. Welltower’s payout ratio is currently 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.