Everhart Financial Group Inc. Purchases 152 Shares of Welltower Inc. (NYSE:WELL)

Everhart Financial Group Inc. grew its position in Welltower Inc. (NYSE:WELL) by 2.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 6,069 shares of the real estate investment trust’s stock after buying an additional 152 shares during the period. Everhart Financial Group Inc.’s holdings in Welltower were worth $765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of WELL. Creative Planning grew its position in shares of Welltower by 2.3% in the 3rd quarter. Creative Planning now owns 165,077 shares of the real estate investment trust’s stock valued at $21,135,000 after acquiring an additional 3,682 shares during the period. Bleakley Financial Group LLC lifted its stake in shares of Welltower by 5.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 12,790 shares of the real estate investment trust’s stock worth $1,638,000 after buying an additional 611 shares during the last quarter. Trust Co. of Vermont lifted its stake in shares of Welltower by 1,088.0% during the 3rd quarter. Trust Co. of Vermont now owns 1,188 shares of the real estate investment trust’s stock worth $152,000 after buying an additional 1,088 shares during the last quarter. Net Worth Advisory Group acquired a new stake in shares of Welltower during the 3rd quarter worth about $360,000. Finally, Blue Trust Inc. lifted its stake in shares of Welltower by 182.1% during the 3rd quarter. Blue Trust Inc. now owns 5,688 shares of the real estate investment trust’s stock worth $728,000 after buying an additional 3,672 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on WELL shares. StockNews.com cut shares of Welltower from a “hold” rating to a “sell” rating in a research note on Thursday. Scotiabank lifted their price objective on shares of Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a research note on Monday, January 27th. Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $132.00 to $147.00 in a research note on Thursday, January 2nd. Wedbush upgraded shares of Welltower from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $145.00 to $167.00 in a research note on Friday. Finally, Mizuho lifted their price objective on shares of Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $138.58.

Welltower Price Performance

WELL stock opened at $150.03 on Monday. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. Welltower Inc. has a 12 month low of $87.87 and a 12 month high of $151.96. The firm has a market cap of $93.42 billion, a P/E ratio of 98.70, a P/E/G ratio of 2.83 and a beta of 1.23. The company’s 50-day moving average price is $131.74 and its two-hundred day moving average price is $128.94.

Welltower (NYSE:WELL) last released its earnings results 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 net margin of 12.22% and a return on equity of 3.20%. On average, analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors 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 dividend yield of 1.79%. The ex-dividend date is Tuesday, February 25th. Welltower’s dividend payout ratio (DPR) is presently 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.