Callan Family Office LLC Purchases New Shares in Welltower Inc. (NYSE:WELL)

Callan Family Office LLC purchased a new stake in shares of Welltower Inc. (NYSE:WELL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,095 shares of the real estate investment trust’s stock, valued at approximately $516,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WELL. Retirement Systems of Alabama raised its position in Welltower by 3.7% in the 3rd 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 last quarter. Barclays PLC raised its position in Welltower by 29.2% in the 3rd quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock worth $215,659,000 after purchasing an additional 380,888 shares during the last quarter. Park Avenue Securities LLC raised its position in Welltower by 20.1% in the 4th quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust’s stock worth $1,696,000 after purchasing an additional 2,250 shares during the last quarter. Whipplewood Advisors LLC bought a new position in Welltower in the 4th quarter worth approximately $367,000. Finally, Nordea Investment Management AB raised its position in Welltower by 28.1% in the 4th quarter. Nordea Investment Management AB now owns 1,477,388 shares of the real estate investment trust’s stock worth $185,649,000 after purchasing an additional 324,520 shares during the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Price Performance

Shares of WELL opened at $147.22 on Monday. 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 stock has a 50 day simple moving average of $138.99 and a 200 day simple moving average of $132.86. Welltower Inc. has a 52-week low of $87.87 and a 52-week high of $158.55. The firm has a market capitalization of $94.41 billion, a PE ratio of 94.37, a P/E/G ratio of 2.87 and a beta of 1.20.

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 the consensus estimate of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. Sell-side analysts predict that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were given a $0.67 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $2.68 annualized dividend and a dividend yield of 1.82%. Welltower’s dividend payout ratio is presently 171.79%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WELL. Bank of America boosted their price objective on shares of Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Mizuho increased their price objective on shares of Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Royal Bank of Canada upgraded shares of Welltower from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $146.00 to $168.00 in a report on Friday, February 28th. Scotiabank increased their price objective on shares of Welltower from $165.00 to $166.00 and gave the company a “sector outperform” rating in a report on Thursday. Finally, Raymond James increased their price objective on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $148.42.

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.