International Assets Investment Management LLC Raises Holdings in Welltower Inc. (NYSE:WELL)

International Assets Investment Management LLC lifted its stake in Welltower Inc. (NYSE:WELL) by 9,700.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 142,700 shares of the real estate investment trust’s stock after acquiring an additional 141,244 shares during the quarter. International Assets Investment Management LLC’s holdings in Welltower were worth $12,867,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Sequoia Financial Advisors LLC boosted its stake in shares of Welltower by 1.9% in the third quarter. Sequoia Financial Advisors LLC now owns 6,372 shares of the real estate investment trust’s stock worth $522,000 after buying an additional 119 shares during the last quarter. Profund Advisors LLC boosted its stake in shares of Welltower by 1.6% in the third quarter. Profund Advisors LLC now owns 7,632 shares of the real estate investment trust’s stock worth $625,000 after buying an additional 120 shares during the last quarter. Cresset Asset Management LLC boosted its stake in shares of Welltower by 2.5% in the first quarter. Cresset Asset Management LLC now owns 5,044 shares of the real estate investment trust’s stock worth $485,000 after buying an additional 125 shares during the last quarter. Dai Ichi Life Insurance Company Ltd boosted its stake in shares of Welltower by 0.4% in the first quarter. Dai Ichi Life Insurance Company Ltd now owns 33,012 shares of the real estate investment trust’s stock worth $3,174,000 after buying an additional 125 shares during the last quarter. Finally, Private Advisor Group LLC boosted its stake in shares of Welltower by 0.5% in the third quarter. Private Advisor Group LLC now owns 25,167 shares of the real estate investment trust’s stock worth $2,062,000 after buying an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Stock Down 0.6 %

Welltower stock opened at $89.79 on Friday. Welltower Inc. has a 1-year low of $72.47 and a 1-year high of $94.63. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.22 and a quick ratio of 3.22. The stock has a market cap of $53.07 billion, a PE ratio of 140.30, a P/E/G ratio of 2.29 and a beta of 1.08. The stock’s fifty day moving average is $91.53 and its two-hundred day moving average is $88.69.

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

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Friday, February 23rd were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend was Thursday, February 22nd. Welltower’s dividend payout ratio is presently 381.26%.

Analyst Upgrades and Downgrades

WELL has been the subject of a number of analyst reports. Scotiabank reduced their price target on Welltower from $97.00 to $96.00 and set a “sector outperform” rating for the company in a report on Monday, March 4th. JPMorgan Chase & Co. raised Welltower from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $92.00 to $99.00 in a report on Monday, December 18th. Deutsche Bank Aktiengesellschaft initiated coverage on Welltower in a report on Tuesday, January 30th. They issued a “buy” rating and a $115.00 price target for the company. BNP Paribas initiated coverage on Welltower in a report on Monday, March 18th. They issued an “outperform” rating and a $104.00 price target for the company. Finally, Mizuho upped their price target on Welltower from $90.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average 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.