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

International Assets Investment Management LLC increased its stake in Welltower Inc. (NYSE:WELL) by 9,700.8% in the 4th quarter, according to the company in its most recent filing with the SEC. 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 at the end of the most recent reporting period.

A number of other large 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. Headlands Technologies LLC boosted its stake in shares of Welltower by 479.6% in the third 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 during the last quarter. Salem Investment Counselors Inc. raised its stake in Welltower by 84.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 425 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 194 shares during the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in shares of Welltower during the third quarter worth $38,000. Finally, Rational Advisors LLC acquired a new position in Welltower during the third quarter worth about $43,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Price Performance

Shares of WELL opened at $95.81 on Monday. The company has a quick ratio of 3.22, a current ratio of 3.83 and a debt-to-equity ratio of 0.50. Welltower Inc. has a fifty-two week low of $72.47 and a fifty-two week high of $98.19. The company has a market cap of $57.29 billion, a P/E ratio of 118.28, a PEG ratio of 2.42 and a beta of 1.07. The firm’s 50 day moving average price is $92.26 and its 200 day moving average price is $89.81.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.72). The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. Welltower had a net margin of 6.37% and a return on equity of 1.77%. The firm’s revenue was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.85 earnings per share. On average, research analysts forecast that Welltower Inc. will post 4.06 earnings per share for the current fiscal year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Monday, May 13th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.55%. The ex-dividend date is Friday, May 10th. Welltower’s dividend payout ratio (DPR) is presently 301.23%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Scotiabank decreased their target price on shares of Welltower from $97.00 to $96.00 and set a “sector outperform” rating on the stock in a report on Monday, March 4th. BNP Paribas initiated coverage on Welltower in a report on Monday, March 18th. They issued an “outperform” rating and a $104.00 price objective on the stock. StockNews.com downgraded Welltower from a “hold” rating to a “sell” rating in a research report on Friday, March 29th. Finally, 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 for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average 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.