Welltower Inc. (NYSE:WELL) Position Boosted by Brooklyn Investment Group

Brooklyn Investment Group raised its holdings in shares of Welltower Inc. (NYSE:WELL) by 8.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,859 shares of the real estate investment trust’s stock after acquiring an additional 147 shares during the period. Brooklyn Investment Group’s holdings in Welltower were worth $234,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in WELL. Laurel Wealth Advisors LLC bought a new stake in shares of Welltower during the fourth quarter valued at about $25,000. Fortitude Family Office LLC raised its position in shares of Welltower by 37.0% during the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 78 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Welltower by 165.5% in the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 187 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of Welltower in the third quarter valued at approximately $50,000. Finally, FSA Wealth Management LLC acquired a new position in shares of Welltower during the third quarter valued at approximately $59,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

WELL has been the subject of a number of research analyst reports. Scotiabank upped their target price on Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a research report on Monday, November 25th. Raymond James raised their target price on Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Monday, December 16th. Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and boosted their price target for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. Wells Fargo & Company restated an “equal weight” rating and set a $135.00 price objective (up previously from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Finally, StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Five 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $127.63.

Welltower Trading Up 0.6 %

Welltower stock opened at $129.47 on Friday. Welltower Inc. has a 52 week low of $85.40 and a 52 week high of $140.75. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. The firm has a market capitalization of $80.62 billion, a price-to-earnings ratio of 85.18, a P/E/G ratio of 2.52 and a beta of 1.22. The company has a 50 day moving average price of $130.44 and a 200 day moving average price of $124.29.

Welltower (NYSE:WELL) last issued its 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). The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The business’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period last year, the business earned $0.92 EPS. Research analysts forecast that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Wednesday, November 13th. Welltower’s dividend payout ratio (DPR) is 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.