Williamson Legacy Group LLC Makes New $811,000 Investment in Welltower Inc. (NYSE:WELL)

Williamson Legacy Group LLC acquired a new position in Welltower Inc. (NYSE:WELL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,432 shares of the real estate investment trust’s stock, valued at approximately $811,000.

Other institutional investors have also added to or reduced their stakes in the company. Retirement Systems of Alabama raised its stake in shares of Welltower by 3.7% during the third quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust’s stock valued at $60,228,000 after acquiring an additional 16,946 shares in the last quarter. Barclays PLC raised its stake in shares of Welltower by 29.2% during the third quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock valued at $215,659,000 after acquiring an additional 380,888 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of Welltower by 20.1% during the fourth quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust’s stock valued at $1,696,000 after acquiring an additional 2,250 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Welltower by 28.1% during the fourth quarter. Nordea Investment Management AB now owns 1,477,388 shares of the real estate investment trust’s stock valued at $185,649,000 after acquiring an additional 324,520 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Welltower by 1.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 20,931 shares of the real estate investment trust’s stock valued at $2,638,000 after acquiring an additional 365 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on WELL shares. Scotiabank lifted their price target on shares of Welltower from $144.00 to $165.00 and gave the company a “sector outperform” rating in a research note on Friday. Bank of America lifted their price objective on shares of Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Mizuho lifted their price objective on shares of Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Raymond James lifted their price objective on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a report on Monday, December 16th. Finally, Wedbush raised shares of Welltower from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $145.00 to $167.00 in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $145.96.

Welltower Price Performance

NYSE WELL opened at $153.54 on Friday. The firm’s fifty day simple moving average is $136.36 and its two-hundred day simple moving average is $131.38. 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 $153.90. The firm has a market capitalization of $98.47 billion, a P/E ratio of 98.42, a P/E/G ratio of 2.87 and a beta of 1.23.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating 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%. 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. Stockholders 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 dividend yield of 1.75%. The ex-dividend date is Tuesday, February 25th. Welltower’s dividend payout ratio (DPR) is presently 171.79%.

About Welltower

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.