Modern Wealth Management LLC Buys New Shares in Welltower Inc. (NYSE:WELL)

Modern Wealth Management LLC bought a new position in shares of Welltower Inc. (NYSE:WELL) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 41,699 shares of the real estate investment trust’s stock, valued at approximately $5,255,000.

Other large investors have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Welltower in the 3rd quarter valued at about $1,497,000. Great Valley Advisor Group Inc. grew its stake in Welltower by 22.3% in the third quarter. Great Valley Advisor Group Inc. now owns 4,386 shares of the real estate investment trust’s stock valued at $562,000 after acquiring an additional 800 shares during the period. Cerity Partners LLC increased its holdings in shares of Welltower by 8.6% during the third quarter. Cerity Partners LLC now owns 226,114 shares of the real estate investment trust’s stock valued at $28,949,000 after acquiring an additional 17,817 shares in the last quarter. Kingsview Wealth Management LLC raised its position in shares of Welltower by 4.2% during the third quarter. Kingsview Wealth Management LLC now owns 4,966 shares of the real estate investment trust’s stock worth $636,000 after purchasing an additional 200 shares during the period. Finally, Pitcairn Co. lifted its holdings in shares of Welltower by 130.6% in the 3rd quarter. Pitcairn Co. now owns 6,513 shares of the real estate investment trust’s stock worth $834,000 after purchasing an additional 3,689 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Stock Performance

NYSE WELL opened at $150.16 on Tuesday. The company has a market capitalization of $96.30 billion, a PE ratio of 96.26, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. Welltower Inc. has a 52-week low of $87.87 and a 52-week high of $158.55. The company has a 50-day simple moving average of $143.98 and a 200 day simple moving average of $134.97.

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 net margin of 11.91% and a return on equity of 3.15%. On average, research analysts predict that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Tuesday, February 25th. Welltower’s dividend payout ratio is currently 171.79%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on WELL shares. Bank of America boosted their price target on shares of Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. 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 report on Thursday, January 2nd. Evercore ISI lifted their price target on Welltower from $144.00 to $145.00 and gave the company an “in-line” rating in a research note on Tuesday, March 4th. Mizuho increased their price objective on Welltower from $141.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 18th. Finally, StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a report on Tuesday, March 18th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Welltower currently has an average rating of “Moderate Buy” and an average target price of $156.46.

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.