New Age Alpha Advisors LLC Buys New Stake in Welltower Inc. (NYSE:WELL)

New Age Alpha Advisors LLC purchased a new position in shares of Welltower Inc. (NYSE:WELL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 119,216 shares of the real estate investment trust’s stock, valued at approximately $15,025,000. Welltower makes up about 0.6% of New Age Alpha Advisors LLC’s investment portfolio, making the stock its 24th largest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new position in Welltower during the 4th quarter worth approximately $25,000. Roxbury Financial LLC acquired a new position in shares of Welltower in the fourth quarter worth $26,000. Sierra Ocean LLC acquired a new stake in Welltower during the fourth quarter worth approximately $28,000. Versant Capital Management Inc grew its holdings 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 purchasing an additional 187 shares during the period. Finally, First Command Advisory Services Inc. acquired a new position in shares of Welltower in the 4th quarter valued at about $50,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

WELL has been the topic of a number of analyst reports. Wedbush upgraded shares of Welltower from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $145.00 to $167.00 in a research note on Friday, February 14th. Bank of America increased their price objective on shares of Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Royal Bank of Canada upgraded Welltower from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $146.00 to $168.00 in a research report on Friday, February 28th. Evercore ISI boosted their price target on shares of Welltower from $144.00 to $145.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 4th. Finally, StockNews.com lowered shares of Welltower from a “hold” rating to a “sell” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.46.

Welltower Price Performance

Shares of NYSE:WELL opened at $150.24 on Friday. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $96.35 billion, a price-to-earnings ratio of 96.31, a PEG ratio of 2.87 and a beta of 1.20. The stock’s 50 day moving average is $145.31 and its 200-day moving average is $135.34. Welltower Inc. has a twelve month low of $87.87 and a twelve month 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, 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%. Sell-side analysts forecast that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.67 per share. The ex-dividend date was Tuesday, February 25th. This represents a $2.68 annualized dividend and a dividend yield of 1.78%. Welltower’s payout ratio is presently 171.79%.

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.