Welltower Inc. (NYSE:WELL) Shares Purchased by Keel Point LLC

Keel Point LLC raised its stake in shares of Welltower Inc. (NYSE:WELL) by 6.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,953 shares of the real estate investment trust’s stock after acquiring an additional 173 shares during the period. Keel Point LLC’s holdings in Welltower were worth $266,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in WELL. Bruce G. Allen Investments LLC purchased a new stake in Welltower in the 4th quarter valued at approximately $25,000. Covestor Ltd grew its holdings in Welltower by 97.4% during the first quarter. Covestor Ltd now owns 298 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 147 shares during the period. Headlands Technologies LLC raised its position in Welltower by 479.6% in the third quarter. Headlands Technologies LLC now owns 313 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 259 shares in the last quarter. First Capital Advisors Group LLC. acquired a new stake in Welltower in the second quarter valued at $26,000. Finally, FinTrust Capital Advisors LLC lifted its holdings in Welltower by 117.8% in the third quarter. FinTrust Capital Advisors LLC now owns 342 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 185 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Stock Performance

Welltower stock opened at $88.31 on Wednesday. Welltower Inc. has a fifty-two week low of $72.47 and a fifty-two week high of $94.63. The company has a market capitalization of $52.20 billion, a price-to-earnings ratio of 137.99, a PEG ratio of 2.27 and a beta of 1.08. The stock has a fifty day moving average of $91.62 and a two-hundred day moving average of $88.90. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.22 and a current ratio of 3.22.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.79). The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. Welltower had a net margin of 5.12% and a return on equity of 1.47%. The firm’s revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.83 EPS. On average, analysts anticipate that Welltower Inc. will post 4.03 EPS for the current fiscal year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.76%. Welltower’s dividend payout ratio (DPR) is presently 381.26%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on WELL shares. BNP Paribas began coverage on shares of Welltower in a research note on Monday, March 18th. They set an “outperform” rating and a $104.00 price target on the stock. StockNews.com lowered shares of Welltower from a “hold” rating to a “sell” rating in a research report on Friday, March 29th. Mizuho lifted their price target on shares of Welltower from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Scotiabank lowered their price target on Welltower from $97.00 to $96.00 and set a “sector outperform” rating on the stock in a report on Monday, March 4th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Welltower in a research note on Tuesday, January 30th. They issued a “buy” rating and a $115.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.57.

Welltower Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.