Prime Capital Investment Advisors LLC Boosts Holdings in Welltower Inc. (NYSE:WELL)

Prime Capital Investment Advisors LLC lifted its stake in Welltower Inc. (NYSE:WELL) by 62.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,125 shares of the real estate investment trust’s stock after purchasing an additional 2,360 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Welltower were worth $552,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of WELL. Bruce G. Allen Investments LLC purchased a new stake in shares of Welltower in the 4th quarter worth about $25,000. Headlands Technologies LLC increased 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 worth $26,000 after acquiring an additional 259 shares in the last quarter. First Capital Advisors Group LLC. bought a new position in shares of Welltower in the 2nd quarter worth about $26,000. Compass Wealth Management LLC bought a new position in shares of Welltower in the 4th quarter worth about $26,000. Finally, FinTrust Capital Advisors LLC increased 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 worth $28,000 after acquiring an additional 185 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Stock Performance

Shares of WELL stock opened at $90.20 on Thursday. The company has a 50 day moving average price of $91.45 and a 200-day moving average price of $88.63. Welltower Inc. has a 52 week low of $72.47 and a 52 week high of $94.63. The firm has a market capitalization of $53.31 billion, a PE ratio of 140.94, a P/E/G ratio of 2.33 and a beta of 1.08. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.60.

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

Welltower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Friday, February 23rd were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date was Thursday, February 22nd. Welltower’s payout ratio is 381.25%.

Wall Street Analysts Forecast Growth

Several brokerages 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 price target for the company. Scotiabank decreased their price target on shares of Welltower from $97.00 to $96.00 and set a “sector outperform” rating for the company in a research note on Monday, March 4th. Mizuho increased their price target on shares of Welltower from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. JPMorgan Chase & Co. upgraded shares of Welltower from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $92.00 to $99.00 in a research note on Monday, December 18th. Finally, BNP Paribas began coverage on shares of Welltower in a research note on Monday, March 18th. They set an “outperform” rating and a $104.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.