Prospera Private Wealth LLC Invests $133,000 in Welltower Inc. (NYSE:WELL)

Prospera Private Wealth LLC acquired a new stake in Welltower Inc. (NYSE:WELL) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,036 shares of the real estate investment trust’s stock, valued at approximately $133,000.

Other institutional investors also recently modified their holdings of the company. First Foundation Advisors bought a new stake in Welltower in the second quarter valued at $26,000. TruNorth Capital Management LLC bought a new stake in Welltower in the 2nd quarter valued at about $27,000. Meeder Asset Management Inc. acquired a new position in Welltower during the 2nd quarter worth approximately $30,000. Centerpoint Advisors LLC bought a new position in Welltower in the second quarter worth approximately $31,000. Finally, Fortitude Family Office LLC grew its stake in Welltower by 37.0% in the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 78 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Scotiabank upped their target price on Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a research report on Monday, September 23rd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Wells Fargo & Company reissued an “equal weight” rating and set a $135.00 target price (up from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Evercore ISI raised their price target on shares of Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Finally, StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $116.68.

Welltower Stock Up 0.4 %

WELL opened at $137.96 on Friday. Welltower Inc. has a twelve month low of $85.40 and a twelve month high of $140.19. The company’s 50-day moving average price is $130.94 and its two-hundred day moving average price is $116.56. The stock has a market cap of $85.91 billion, a price-to-earnings ratio of 90.76, a PEG ratio of 3.10 and a beta of 1.20. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.31). The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. Welltower’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period last year, the company posted $0.92 earnings per share. As a group, equities analysts expect that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a yield of 1.94%. Welltower’s dividend payout ratio is presently 176.32%.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a real estate investment trust (“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 infrastructure needed to scale innovative care delivery models and improve people’s wellness and overall health care experience.