Woodmont Investment Counsel LLC Grows Holdings in Welltower Inc. (NYSE:WELL)

Woodmont Investment Counsel LLC boosted its holdings in shares of Welltower Inc. (NYSE:WELL) by 3.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,213 shares of the real estate investment trust’s stock after purchasing an additional 81 shares during the period. Woodmont Investment Counsel LLC’s holdings in Welltower were worth $279,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of WELL. Retirement Systems of Alabama lifted its holdings 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 worth $60,228,000 after purchasing an additional 16,946 shares during the period. Vestmark Advisory Solutions Inc. lifted its stake in shares of Welltower by 120.3% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust’s stock worth $1,817,000 after acquiring an additional 7,872 shares during the period. Barclays PLC boosted its holdings in shares of Welltower by 29.2% in 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 increased 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 worth $1,696,000 after acquiring an additional 2,250 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC raised its holdings in Welltower by 17.3% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,936,954 shares of the real estate investment trust’s stock worth $244,114,000 after purchasing an additional 285,015 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on WELL shares. Mizuho boosted their target price on Welltower from $141.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 18th. Raymond James increased their price objective on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 16th. Evercore ISI raised their target price on Welltower from $144.00 to $145.00 and gave the company an “in-line” rating in a report on Tuesday, March 4th. Wells Fargo & Company upped their price target on shares of Welltower from $140.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Monday, March 10th. Finally, Royal Bank of Canada upgraded shares of Welltower from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and an average price target of $156.46.

Welltower Price Performance

Shares of NYSE:WELL opened at $150.16 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. The business’s fifty day moving average price is $143.98 and its two-hundred day moving average price is $134.97. The stock has a market cap 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. Welltower Inc. has a one year low of $87.87 and a one year high of $158.55.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, beating 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%. On average, analysts forecast that Welltower Inc. will post 4.88 EPS for the current fiscal 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 dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower’s payout ratio is 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.