Welltower Inc. (NYSE:WELL) Shares Bought by Independent Advisor Alliance

Independent Advisor Alliance increased its stake in Welltower Inc. (NYSE:WELL) by 16.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 12,813 shares of the real estate investment trust’s stock after purchasing an additional 1,764 shares during the quarter. Independent Advisor Alliance’s holdings in Welltower were worth $1,615,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of WELL. Mather Group LLC. raised its holdings in Welltower by 3.8% in the fourth quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust’s stock valued at $259,000 after acquiring an additional 75 shares in the last quarter. Childress Capital Advisors LLC increased its holdings in shares of Welltower by 3.7% in the 4th quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust’s stock worth $271,000 after acquiring an additional 76 shares during the period. Wealthspire Advisors LLC raised its holdings in shares of Welltower by 2.5% during the fourth quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust’s stock valued at $435,000 after buying an additional 83 shares during the last quarter. Graypoint LLC boosted its position in Welltower by 2.5% during the 4th quarter. Graypoint LLC now owns 3,427 shares of the real estate investment trust’s stock worth $432,000 after acquiring an additional 84 shares during the period. Finally, Investment Advisory Group LLC lifted its holdings in Welltower by 1.8% in the fourth quarter. Investment Advisory Group LLC now owns 4,889 shares of the real estate investment trust’s stock worth $616,000 after purchasing an additional 85 shares during the period. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wedbush upgraded Welltower from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $145.00 to $167.00 in a research report on Friday, February 14th. Raymond James lifted their price target on Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a report on Monday, December 16th. Royal Bank of Canada upgraded shares of Welltower from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $146.00 to $168.00 in a research report on Friday, February 28th. StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. Finally, Wells Fargo & Company raised their price objective on Welltower from $140.00 to $158.00 and gave the company an “equal weight” rating in a research note on Monday, March 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $150.19.

Welltower Stock Up 1.3 %

Shares of WELL opened at $147.85 on Friday. Welltower Inc. has a 52 week low of $87.87 and a 52 week high of $158.55. The firm has a market capitalization of $94.81 billion, a P/E ratio of 94.77, a P/E/G ratio of 2.87 and a beta of 1.20. The company has a 50-day simple moving average of $141.13 and a 200-day simple moving average of $133.64. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. On average, equities research analysts expect that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.81%. The ex-dividend date was Tuesday, February 25th. Welltower’s dividend payout ratio (DPR) is presently 171.79%.

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.