HB Wealth Management LLC Has $507,000 Stock Position in Welltower Inc. (NYSE:WELL)

HB Wealth Management LLC increased its position in shares of Welltower Inc. (NYSE:WELLFree Report) by 11.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,621 shares of the real estate investment trust’s stock after purchasing an additional 577 shares during the quarter. HB Wealth Management LLC’s holdings in Welltower were worth $507,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in WELL. Bruce G. Allen Investments LLC acquired a new stake in Welltower in the 4th quarter valued at about $25,000. Headlands Technologies LLC boosted its stake in shares of Welltower by 479.6% in the 3rd quarter. Headlands Technologies LLC now owns 313 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 259 shares during the last quarter. First Capital Advisors Group LLC. bought a new position in shares of Welltower in the 2nd quarter valued at about $26,000. Compass Wealth Management LLC bought a new position in shares of Welltower in the 4th quarter valued at about $26,000. Finally, FinTrust Capital Advisors LLC boosted its stake in shares of Welltower by 117.8% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 342 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 185 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WELL. Deutsche Bank Aktiengesellschaft began coverage on shares of Welltower in a research note on Tuesday, January 30th. They issued a “buy” rating and a $115.00 target price on the stock. BNP Paribas assumed coverage on shares of Welltower in a research note on Monday, March 18th. They set an “outperform” rating and a $104.00 price objective on the stock. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research note on Monday, March 18th. Scotiabank reduced their price objective on shares of Welltower from $97.00 to $96.00 and set a “sector outperform” rating on the stock in a research note on Monday, March 4th. Finally, KeyCorp lifted their price objective on shares of Welltower from $90.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, January 5th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $93.69.

Read Our Latest Report on Welltower

Welltower Stock Performance

NYSE WELL opened at $92.80 on Thursday. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.60. The firm’s fifty day moving average price is $90.61 and its two-hundred day moving average price is $88.05. Welltower Inc. has a 1 year low of $67.05 and a 1 year high of $94.63. The firm has a market capitalization of $52.79 billion, a P/E ratio of 145.00, a price-to-earnings-growth ratio of 2.32 and a beta of 1.08.

Welltower (NYSE:WELLGet Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.79). Welltower had a return on equity of 1.47% and a net margin of 5.12%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period last year, the company posted $0.83 earnings per share. The business’s revenue was up 15.2% compared to the same quarter last year. As a group, research analysts anticipate that Welltower Inc. will post 4.02 EPS for the current year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Friday, February 23rd were given a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.63%. The ex-dividend date was Thursday, February 22nd. Welltower’s payout ratio is presently 381.26%.

Welltower Company Profile

(Free Report)

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.

Further Reading

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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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