Graypoint LLC Acquires 84 Shares of Welltower Inc. (NYSE:WELL)

Graypoint LLC boosted its holdings in Welltower Inc. (NYSE:WELL) by 2.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,427 shares of the real estate investment trust’s stock after purchasing an additional 84 shares during the quarter. Graypoint LLC’s holdings in Welltower were worth $432,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Johnson Investment Counsel Inc. grew its holdings in Welltower by 3.8% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 6,046 shares of the real estate investment trust’s stock valued at $630,000 after buying an additional 222 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Welltower by 2.9% in the second quarter. Oppenheimer & Co. Inc. now owns 28,082 shares of the real estate investment trust’s stock valued at $2,928,000 after purchasing an additional 792 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Welltower in the second quarter worth $30,000. DekaBank Deutsche Girozentrale raised its stake in Welltower by 9.9% during the second quarter. DekaBank Deutsche Girozentrale now owns 416,557 shares of the real estate investment trust’s stock valued at $42,923,000 after purchasing an additional 37,410 shares in the last quarter. Finally, Meeder Advisory Services Inc. lifted its position in Welltower by 44.3% during the second quarter. Meeder Advisory Services Inc. now owns 12,504 shares of the real estate investment trust’s stock valued at $1,304,000 after purchasing an additional 3,836 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Down 1.2 %

Shares of NYSE:WELL opened at $124.92 on Friday. The business’s 50 day moving average is $131.25 and its 200 day moving average is $123.59. The stock has a market cap of $77.79 billion, a P/E ratio of 82.18, a price-to-earnings-growth ratio of 2.90 and a beta of 1.22. Welltower Inc. has a 52-week low of $85.40 and a 52-week high of $140.75. 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 (NYSE:WELL) last announced its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.31). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the prior year, the business posted $0.92 EPS. The business’s quarterly revenue was up 23.7% on a year-over-year basis. Sell-side analysts predict that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower’s payout ratio is 176.32%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WELL. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Mizuho lifted their target price on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and increased their price target for the company from $132.00 to $147.00 in a report on Thursday, January 2nd. Raymond James lifted their price objective on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 16th. Finally, Scotiabank increased their target price on shares of Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a research note on Monday, November 25th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Welltower has a consensus rating of “Moderate Buy” and an average target price of $127.63.

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.