Allworth Financial LP Buys 1,416 Shares of Welltower Inc. (NYSE:WELL)

Allworth Financial LP raised its stake in Welltower Inc. (NYSE:WELL) by 38.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,079 shares of the real estate investment trust’s stock after acquiring an additional 1,416 shares during the period. Allworth Financial LP’s holdings in Welltower were worth $666,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of WELL. Principal Securities Inc. increased its holdings in shares of Welltower by 7.2% in the 4th quarter. Principal Securities Inc. now owns 4,750 shares of the real estate investment trust’s stock worth $599,000 after buying an additional 321 shares during the last quarter. bLong Financial LLC bought a new position in Welltower during the 4th quarter valued at about $309,000. Everhart Financial Group Inc. grew its holdings in Welltower by 2.6% during the 4th quarter. Everhart Financial Group Inc. now owns 6,069 shares of the real estate investment trust’s stock valued at $765,000 after purchasing an additional 152 shares during the last quarter. Roxbury Financial LLC bought a new position in Welltower during the 4th quarter valued at about $26,000. Finally, Guyasuta Investment Advisors Inc. bought a new position in Welltower during the 4th quarter valued at about $261,000. 94.80% of the stock is currently owned by institutional investors.

Welltower Stock Up 0.5 %

NYSE:WELL opened at $150.47 on Friday. The firm has a market capitalization of $96.50 billion, a P/E ratio of 96.46, a PEG ratio of 2.93 and a beta of 1.23. Welltower Inc. has a 1-year low of $87.87 and a 1-year high of $152.81. The company’s fifty day moving average price is $133.44 and its 200-day moving average price is $129.88. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) 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%. As a group, equities research analysts anticipate that Welltower Inc. will post 4.91 EPS for the current year.

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 25th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Tuesday, February 25th. Welltower’s dividend payout ratio (DPR) is presently 171.79%.

Wall Street Analyst Weigh In

Several brokerages recently commented on WELL. Wedbush upgraded shares of Welltower from a “neutral” rating to an “outperform” rating and upped their price target for the company from $145.00 to $167.00 in a report on Friday, February 14th. Mizuho boosted their price objective 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 cut shares of Welltower from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. Scotiabank boosted their price objective on shares of Welltower from $142.00 to $144.00 and gave the company a “sector outperform” rating in a research report on Monday, January 27th. Finally, Bank of America boosted their price objective on shares of Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $140.19.

Welltower Company 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.