Edgestream Partners L.P. Increases Stock Position in Welltower Inc. (NYSE:WELL)

Edgestream Partners L.P. grew its stake in shares of Welltower Inc. (NYSE:WELL) by 161.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,377 shares of the real estate investment trust’s stock after buying an additional 8,877 shares during the period. Edgestream Partners L.P.’s holdings in Welltower were worth $1,812,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new stake in Welltower during the 4th quarter worth $25,000. Roxbury Financial LLC purchased a new stake in Welltower during the 4th quarter worth $26,000. Sierra Ocean LLC purchased a new stake in Welltower during the 4th quarter worth $28,000. Versant Capital Management Inc boosted its position in Welltower by 165.5% during the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 187 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new stake in Welltower during the 3rd quarter worth $50,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WELL has been the subject of a number of research reports. StockNews.com cut shares of Welltower from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. Evercore ISI upped their price target on shares of Welltower from $144.00 to $145.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 4th. Wells Fargo & Company upped their price target on shares of Welltower from $140.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Monday. Royal Bank of Canada raised shares of Welltower from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $146.00 to $168.00 in a research report on Friday, February 28th. Finally, Wedbush raised shares of Welltower from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $145.00 to $167.00 in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $150.19.

Welltower Stock Performance

Shares of Welltower stock opened at $146.10 on Tuesday. The firm has a market cap of $93.70 billion, a PE ratio of 93.65, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20. The firm’s 50-day simple moving average is $139.42 and its 200-day simple moving average is $133.06. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. Welltower Inc. has a 1 year low of $87.87 and a 1 year high of $158.55.

Welltower (NYSE:WELL) last issued its earnings results 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 11.91% and a return on equity of 3.15%. Equities analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 annualized dividend and a yield of 1.83%. Welltower’s dividend payout ratio (DPR) is 171.79%.

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.