Sierra Ocean LLC Buys Shares of 220 Welltower Inc. (NYSE:WELL)

Sierra Ocean LLC bought a new stake in shares of Welltower Inc. (NYSE:WELL) in the 4th quarter, HoldingsChannel reports. The firm bought 220 shares of the real estate investment trust’s stock, valued at approximately $28,000.

Several other hedge funds have also bought and sold shares of the stock. J.W. Cole Advisors Inc. lifted its position in Welltower by 16.5% during the fourth quarter. J.W. Cole Advisors Inc. now owns 3,788 shares of the real estate investment trust’s stock valued at $477,000 after purchasing an additional 537 shares during the last quarter. Valmark Advisers Inc. bought a new stake in Welltower during the fourth quarter valued at approximately $243,000. Allworth Financial LP lifted its position in Welltower by 38.7% during the fourth quarter. Allworth Financial LP now owns 5,079 shares of the real estate investment trust’s stock valued at $666,000 after purchasing an additional 1,416 shares during the last quarter. Principal Securities Inc. lifted its position in Welltower by 7.2% during the fourth quarter. Principal Securities Inc. now owns 4,750 shares of the real estate investment trust’s stock valued at $599,000 after purchasing an additional 321 shares during the last quarter. Finally, bLong Financial LLC bought a new stake in Welltower during the fourth quarter valued at approximately $309,000. 94.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and lifted their target price for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. Raymond James lifted their price target 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. Scotiabank lifted their price target 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. Mizuho lifted their price target 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. Finally, StockNews.com downgraded shares of Welltower from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Welltower presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.19.

Welltower Stock Up 0.4 %

Shares of Welltower stock opened at $150.54 on Wednesday. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The company’s fifty day simple moving average is $132.15 and its two-hundred day simple moving average is $129.33. The company has a market cap of $93.74 billion, a P/E ratio of 99.04, a PEG ratio of 2.83 and a beta of 1.23. Welltower Inc. has a 12-month low of $87.87 and a 12-month high of $152.81.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.73. Welltower had a net margin of 12.22% and a return on equity of 3.20%. Research analysts anticipate that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Tuesday, February 25th. Welltower’s payout ratio is currently 176.32%.

Welltower Company 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.