Great Valley Advisor Group Inc. Acquires 488 Shares of Welltower Inc. (NYSE:WELL)

Great Valley Advisor Group Inc. grew its stake in shares of Welltower Inc. (NYSE:WELL) by 15.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,587 shares of the real estate investment trust’s stock after buying an additional 488 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Welltower were worth $323,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bruce G. Allen Investments LLC purchased a new stake in Welltower during the 4th quarter valued at about $25,000. Headlands Technologies LLC lifted its position in Welltower by 479.6% in the third 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. Financial Gravity Asset Management Inc. purchased a new stake in shares of Welltower during the third quarter valued at approximately $38,000. Salem Investment Counselors Inc. grew its holdings in shares of Welltower by 84.0% in the fourth quarter. Salem Investment Counselors Inc. now owns 425 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 194 shares during the last quarter. Finally, Rational Advisors LLC purchased a new position in shares of Welltower in the third quarter worth $43,000. 94.80% of the stock is owned by institutional investors.

Welltower Stock Performance

Shares of WELL stock opened at $96.78 on Tuesday. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.50. The company’s fifty day moving average price is $92.36 and its 200-day moving average price is $89.90. The stock has a market cap of $57.87 billion, a PE ratio of 119.48, a price-to-earnings-growth ratio of 2.42 and a beta of 1.07. Welltower Inc. has a 12 month low of $72.47 and a 12 month high of $98.19.

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

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Monday, May 13th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Friday, May 10th. Welltower’s payout ratio is 301.23%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on WELL. Scotiabank dropped 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 report on Monday, March 4th. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a report on Monday. Deutsche Bank Aktiengesellschaft initiated coverage on Welltower in a report on Tuesday, January 30th. They set a “buy” rating and a $115.00 price target on the stock. Finally, BNP Paribas assumed coverage on Welltower in a research report on Monday, March 18th. They issued an “outperform” rating and a $104.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Welltower 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.