Ieq Capital LLC Raises Position in Welltower Inc. (NYSE:WELL)

Ieq Capital LLC increased its holdings in shares of Welltower Inc. (NYSE:WELL) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,389 shares of the real estate investment trust’s stock after buying an additional 804 shares during the quarter. Ieq Capital LLC’s holdings in Welltower were worth $2,948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Mather Group LLC. increased its holdings in shares of Welltower by 3.8% during the fourth quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust’s stock valued at $259,000 after acquiring an additional 75 shares in the last quarter. Childress Capital Advisors LLC increased its stake in Welltower by 3.7% during the 4th quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust’s stock valued at $271,000 after purchasing an additional 76 shares in the last quarter. Fortitude Family Office LLC raised 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 worth $37,000 after buying an additional 78 shares during the last quarter. Old North State Wealth Management LLC lifted its stake in shares of Welltower by 0.6% during the third quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust’s stock worth $1,648,000 after buying an additional 78 shares during the period. Finally, Frank Rimerman Advisors LLC grew its holdings in shares of Welltower by 0.9% during the third quarter. Frank Rimerman Advisors LLC now owns 9,617 shares of the real estate investment trust’s stock valued at $1,231,000 after buying an additional 82 shares during the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WELL. Wedbush upgraded Welltower from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $145.00 to $167.00 in a research note on Friday, February 14th. StockNews.com downgraded Welltower from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and increased their price target for the stock from $132.00 to $147.00 in a report on Thursday, January 2nd. Mizuho lifted their price objective on shares of Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Finally, 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Welltower has a consensus rating of “Moderate Buy” and an average price target of $140.19.

Welltower Trading Down 1.1 %

WELL stock opened at $148.69 on Friday. Welltower Inc. has a 52-week low of $87.87 and a 52-week high of $152.81. 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 cap of $95.35 billion, a P/E ratio of 95.31, a PEG ratio of 2.87 and a beta of 1.23. The company’s 50-day simple moving average is $133.83 and its 200-day simple moving average is $130.25.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. As a group, equities analysts forecast that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.80%. The ex-dividend date is Tuesday, February 25th. Welltower’s payout ratio 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.