Premier Path Wealth Partners LLC Has $548,000 Stock Position in Welltower Inc. (NYSE:WELL)

Premier Path Wealth Partners LLC grew its holdings in shares of Welltower Inc. (NYSE:WELL) by 3.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,350 shares of the real estate investment trust’s stock after acquiring an additional 139 shares during the period. Premier Path Wealth Partners LLC’s holdings in Welltower were worth $548,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Brooklyn Investment Group raised its position in Welltower by 8.6% during the 4th quarter. Brooklyn Investment Group now owns 1,859 shares of the real estate investment trust’s stock worth $234,000 after purchasing an additional 147 shares during the last quarter. Merit Financial Group LLC increased its stake in shares of Welltower by 22.4% in the fourth quarter. Merit Financial Group LLC now owns 24,557 shares of the real estate investment trust’s stock valued at $3,095,000 after buying an additional 4,491 shares during the period. Avanza Fonder AB bought a new position in shares of Welltower during the fourth quarter worth about $8,330,000. Ritholtz Wealth Management acquired a new position in shares of Welltower in the fourth quarter worth approximately $261,000. Finally, Contravisory Investment Management Inc. boosted its holdings in Welltower by 4.6% in the fourth quarter. Contravisory Investment Management Inc. now owns 2,238 shares of the real estate investment trust’s stock valued at $282,000 after acquiring an additional 98 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Trading Up 0.6 %

Shares of Welltower stock opened at $129.47 on Friday. The stock has a market capitalization of $80.62 billion, a PE ratio of 85.18, a price-to-earnings-growth ratio of 2.52 and a beta of 1.22. Welltower Inc. has a 52 week low of $85.40 and a 52 week high of $140.75. The stock has a 50 day moving average price of $130.44 and a two-hundred day moving average price of $124.29. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.31). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the business posted $0.92 EPS. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. As a group, equities analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were given a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 annualized dividend and a yield of 2.07%. Welltower’s payout ratio is 176.32%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on WELL shares. Mizuho boosted their price target on shares of Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Raymond James boosted their target price 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. Wells Fargo & Company reiterated an “equal weight” rating and set a $135.00 price target (up from $134.00) on shares of Welltower in a report on Tuesday, October 1st. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and raised their target price for the stock from $132.00 to $147.00 in a research note on Thursday, January 2nd. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $127.63.

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.