Smartleaf Asset Management LLC Boosts Holdings in Welltower Inc. (NYSE:WELL)

Smartleaf Asset Management LLC increased its holdings in Welltower Inc. (NYSE:WELL) by 18.1% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 5,843 shares of the real estate investment trust’s stock after buying an additional 897 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Welltower were worth $730,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Mather Group LLC. increased its holdings in Welltower by 3.8% in the 4th quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust’s stock worth $259,000 after buying an additional 75 shares in the last quarter. Childress Capital Advisors LLC increased its holdings in Welltower by 3.7% in the 4th quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust’s stock worth $271,000 after buying an additional 76 shares in the last quarter. Old North State Wealth Management LLC grew its stake in shares of Welltower by 0.6% during the 3rd quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust’s stock valued at $1,648,000 after purchasing an additional 78 shares during the period. Wealthspire Advisors LLC grew its stake in shares of Welltower by 2.5% during the 4th quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust’s stock valued at $435,000 after purchasing an additional 83 shares during the period. Finally, Graypoint LLC grew its stake in shares of Welltower by 2.5% during the 4th quarter. Graypoint LLC now owns 3,427 shares of the real estate investment trust’s stock valued at $432,000 after purchasing an additional 84 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on WELL. Wedbush upgraded Welltower from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $145.00 to $167.00 in a research note on Friday, February 14th. Raymond James boosted 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. Scotiabank boosted their price target on Welltower from $144.00 to $165.00 and gave the company a “sector outperform” rating in a research note on Friday. Mizuho boosted their price target on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Finally, StockNews.com cut Welltower from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $145.96.

Welltower Stock Up 2.2 %

NYSE WELL opened at $156.91 on Tuesday. The stock’s 50 day moving average is $136.98 and its 200 day moving average is $131.87. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. Welltower Inc. has a 12 month low of $87.87 and a 12 month high of $157.16. The stock has a market cap of $100.63 billion, a PE ratio of 100.58, a P/E/G ratio of 2.87 and a beta of 1.23.

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

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th will be issued a dividend of $0.67 per share. The ex-dividend date is Tuesday, February 25th. This represents a $2.68 annualized dividend and a dividend yield of 1.71%. Welltower’s dividend payout ratio (DPR) is 171.79%.

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.