Cinctive Capital Management LP Purchases New Shares in Welltower Inc. (NYSE:WELL)

Cinctive Capital Management LP acquired a new position in Welltower Inc. (NYSE:WELL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 86,343 shares of the real estate investment trust’s stock, valued at approximately $10,882,000.

Other institutional investors have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC acquired a new position in shares of Welltower in the 4th quarter valued at approximately $25,000. Roxbury Financial LLC acquired a new position in Welltower during the fourth quarter valued at approximately $26,000. Sierra Ocean LLC acquired a new position in Welltower during the fourth quarter valued at approximately $28,000. Versant Capital Management Inc lifted 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 purchasing an additional 187 shares during the last quarter. Finally, First Command Advisory Services Inc. acquired a new stake in shares of Welltower in the 4th quarter valued at $50,000. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Performance

WELL opened at $154.10 on Wednesday. Welltower Inc. has a 1-year low of $87.87 and a 1-year high of $158.55. The company has a market cap of $98.83 billion, a price-to-earnings ratio of 98.78, a PEG ratio of 2.87 and a beta of 1.20. The company’s fifty day moving average price is $146.67 and its two-hundred day moving average price is $135.96. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48.

Welltower (NYSE:WELL) last posted its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, topping 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%. On average, analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.74%. The ex-dividend date was Tuesday, February 25th. Welltower’s dividend payout ratio (DPR) is presently 171.79%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WELL. StockNews.com cut Welltower from a “hold” rating to a “sell” rating in a report on Wednesday, March 26th. Raymond James increased their target price on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a report on Monday, December 16th. Mizuho raised their price target on shares of Welltower from $141.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, March 18th. Wedbush upgraded shares of Welltower from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $145.00 to $167.00 in a research report on Friday, February 14th. Finally, Royal Bank of Canada raised Welltower from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $146.00 to $168.00 in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock 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.