DAVENPORT & Co LLC Grows Holdings in Welltower Inc. (NYSE:WELL)

DAVENPORT & Co LLC raised its position in Welltower Inc. (NYSE:WELL) by 15.1% in the 4th quarter, Holdings Channel reports. The fund owned 5,530 shares of the real estate investment trust’s stock after acquiring an additional 724 shares during the period. DAVENPORT & Co LLC’s holdings in Welltower were worth $499,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in WELL. Bruce G. Allen Investments LLC purchased a new stake in shares of Welltower during the fourth quarter worth about $25,000. Covestor Ltd raised its position in Welltower by 97.4% in the first quarter. Covestor Ltd now owns 298 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 147 shares during the period. Headlands Technologies LLC lifted its position in Welltower by 479.6% during the 3rd quarter. Headlands Technologies LLC now owns 313 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 259 shares in the last quarter. First Capital Advisors Group LLC. acquired a new position in shares of Welltower during the second quarter worth $26,000. Finally, FinTrust Capital Advisors LLC lifted its holdings in Welltower by 117.8% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 342 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Trading Up 0.2 %

WELL stock opened at $92.00 on Wednesday. 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 business’s 50 day moving average is $91.38 and its 200-day moving average is $88.62. Welltower Inc. has a 1-year low of $70.91 and a 1-year high of $94.63. The firm has a market cap of $54.38 billion, a P/E ratio of 143.75, a P/E/G ratio of 2.33 and a beta of 1.08.

Welltower (NYSE:WELL) last announced its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.79). The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. Welltower had a return on equity of 1.47% and a net margin of 5.12%. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.83 EPS. Equities analysts anticipate that Welltower Inc. will post 4.03 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Friday, February 23rd were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.44 dividend on an annualized basis and a yield of 2.65%. Welltower’s dividend payout ratio (DPR) is presently 381.26%.

Analyst Upgrades and Downgrades

WELL has been the topic of a number of research analyst reports. KeyCorp increased their target price on Welltower from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, January 5th. Deutsche Bank Aktiengesellschaft began coverage on Welltower in a report on Tuesday, January 30th. They set a “buy” rating and a $115.00 price target on the stock. Mizuho boosted their target price on Welltower from $90.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. BNP Paribas started coverage on shares of Welltower in a research note on Monday, March 18th. They set an “outperform” rating and a $104.00 target price for the company. Finally, Scotiabank decreased their price target on Welltower from $97.00 to $96.00 and set a “sector outperform” rating for the company in a research report on Monday, March 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.57.

Welltower Profile

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.