HighPoint Advisor Group LLC Boosts Stock Position in Welltower Inc. (NYSE:WELL)

HighPoint Advisor Group LLC increased its holdings in Welltower Inc. (NYSE:WELL) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,223 shares of the real estate investment trust’s stock after purchasing an additional 228 shares during the period. HighPoint Advisor Group LLC’s holdings in Welltower were worth $1,705,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of WELL. Roxbury Financial LLC bought a new stake in shares of Welltower in the 4th quarter valued at approximately $26,000. Laurel Wealth Advisors LLC bought a new stake in Welltower in the fourth quarter worth $25,000. Sierra Ocean LLC purchased a new position in Welltower during the fourth quarter worth $28,000. Versant Capital Management Inc boosted its stake in Welltower by 165.5% during the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 187 shares during the period. Finally, First Command Advisory Services Inc. bought a new position in Welltower during the fourth quarter valued at $50,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Stock Down 0.1 %

Shares of Welltower stock opened at $153.24 on Tuesday. Welltower Inc. has a 1 year low of $87.87 and a 1 year high of $158.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. The stock has a market cap of $98.27 billion, a price-to-earnings ratio of 98.23, a PEG ratio of 2.87 and a beta of 1.20. The firm’s 50-day moving average is $146.26 and its two-hundred day moving average is $135.79.

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 net margin of 11.91% and a return on equity of 3.15%. As a group, research analysts expect that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The business 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. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower’s dividend payout ratio (DPR) is currently 171.79%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Wedbush raised shares of Welltower from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $145.00 to $167.00 in a research note on Friday, February 14th. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and boosted their target price for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. Evercore ISI increased 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. Mizuho boosted their price objective on Welltower from $141.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, March 18th. Finally, Raymond James increased their target price on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $156.46.

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.