Signaturefd LLC Purchases 550 Shares of Welltower Inc. (NYSE:WELL)

Signaturefd LLC increased its position in shares of Welltower Inc. (NYSE:WELL) by 5.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,297 shares of the real estate investment trust’s stock after acquiring an additional 550 shares during the quarter. Signaturefd LLC’s holdings in Welltower were worth $1,298,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of WELL. Empowered Funds LLC boosted its stake in Welltower by 7.4% during the 3rd quarter. Empowered Funds LLC now owns 10,094 shares of the real estate investment trust’s stock worth $1,292,000 after acquiring an additional 696 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Welltower by 18.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 142,881 shares of the real estate investment trust’s stock worth $18,294,000 after acquiring an additional 21,757 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new position in Welltower during the 3rd quarter worth approximately $64,000. Windle Wealth LLC lifted its stake in Welltower by 0.5% in the third quarter. Windle Wealth LLC now owns 69,171 shares of the real estate investment trust’s stock valued at $8,856,000 after buying an additional 312 shares in the last quarter. Finally, Pathstone Holdings LLC lifted its stake in Welltower by 1.2% in the third quarter. Pathstone Holdings LLC now owns 44,609 shares of the real estate investment trust’s stock valued at $5,711,000 after buying an additional 548 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WELL. Jefferies Financial Group raised shares of 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. Evercore ISI lifted 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 lifted their price target on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Monday, December 16th. Scotiabank lifted their price target on shares of Welltower from $165.00 to $166.00 and gave the company a “sector outperform” rating in a research note on Thursday, March 6th. Finally, Bank of America lifted their price target on shares of Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $156.46.

Welltower Stock Performance

Shares of WELL stock opened at $149.92 on Wednesday. The firm has a market cap of $96.14 billion, a PE ratio of 96.10, a P/E/G ratio of 2.87 and a beta of 1.20. Welltower Inc. has a 12 month low of $87.87 and a 12 month high of $158.55. The company’s fifty day simple moving average is $142.19 and its 200-day simple moving average is $134.25. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48.

Welltower (NYSE:WELL) last issued its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. Equities research analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a yield of 1.79%. 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.