HBK Sorce Advisory LLC Has $391,000 Stock Holdings in Welltower Inc. (NYSE:WELL)

HBK Sorce Advisory LLC boosted its stake in shares of Welltower Inc. (NYSE:WELL) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,106 shares of the real estate investment trust’s stock after purchasing an additional 153 shares during the period. HBK Sorce Advisory LLC’s holdings in Welltower were worth $391,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC acquired a new stake in shares of Welltower in the fourth quarter valued at approximately $25,000. Roxbury Financial LLC acquired a new stake in shares of Welltower in the fourth quarter valued at approximately $26,000. Sierra Ocean LLC acquired a new stake in shares of Welltower in the fourth quarter valued at approximately $28,000. Versant Capital Management Inc lifted its position in shares of Welltower by 165.5% in the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 187 shares during the last quarter. Finally, First Command Advisory Services Inc. acquired a new stake in shares of Welltower in the fourth quarter valued at approximately $50,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on WELL. StockNews.com cut Welltower from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. Bank of America raised their price objective on Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Wells Fargo & Company raised their price objective on Welltower from $140.00 to $158.00 and gave the company an “equal weight” rating in a research report on Monday, March 10th. Royal Bank of Canada raised Welltower from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $146.00 to $168.00 in a report on Friday, February 28th. Finally, Evercore ISI lifted their price target on Welltower from $144.00 to $145.00 and gave the stock an “in-line” rating in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Welltower has an average rating of “Moderate Buy” and an average target price of $150.19.

Welltower Price Performance

Welltower stock opened at $147.85 on Friday. 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 52 week low of $87.87 and a 52 week high of $158.55. The stock has a market capitalization of $94.81 billion, a P/E ratio of 94.77, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20. The stock has a fifty day moving average of $141.13 and a 200-day moving average of $133.64.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. On average, sell-side analysts expect that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a yield of 1.81%. Welltower’s dividend payout ratio is currently 171.79%.

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.