Atomi Financial Group Inc. Acquires 614 Shares of Welltower Inc. (NYSE:WELL)

Atomi Financial Group Inc. grew its position in shares of Welltower Inc. (NYSE:WELL) by 12.2% in the 4th quarter, HoldingsChannel reports. The fund owned 5,634 shares of the real estate investment trust’s stock after buying an additional 614 shares during the period. Atomi Financial Group Inc.’s holdings in Welltower were worth $710,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Laurel Wealth Advisors LLC acquired a new position in Welltower during the 4th quarter valued at about $25,000. Fortitude Family Office LLC lifted its holdings in shares of Welltower by 37.0% in the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 78 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Welltower by 165.5% during the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 187 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in Welltower in the 3rd quarter valued at $50,000. Finally, FSA Wealth Management LLC purchased a new stake in Welltower in the 3rd quarter valued at $59,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WELL has been the subject of several recent analyst reports. Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and upped their target price for the stock from $132.00 to $147.00 in a research note on Thursday, January 2nd. Scotiabank increased their target price on shares of Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a report on Monday, November 25th. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $135.00 target price (up previously from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Finally, Mizuho increased their target price on shares of Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $127.63.

Welltower Price Performance

WELL opened at $132.31 on Friday. The company has a market capitalization of $82.39 billion, a price-to-earnings ratio of 87.05, a PEG ratio of 2.69 and a beta of 1.22. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $130.15 and a 200-day moving average price of $124.95. Welltower Inc. has a twelve month low of $85.40 and a twelve month high of $140.75.

Welltower (NYSE:WELL) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.31). The business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. Welltower’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.92 EPS. Equities analysts expect that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were paid a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 annualized dividend and a dividend yield of 2.03%. Welltower’s payout ratio is 176.32%.

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.