Welltower Inc. (NYSE:WELL) Stake Lifted by Syon Capital LLC

Syon Capital LLC raised its stake in Welltower Inc. (NYSE:WELL) by 23.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,185 shares of the real estate investment trust’s stock after buying an additional 785 shares during the quarter. Syon Capital LLC’s holdings in Welltower were worth $377,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of WELL. Bruce G. Allen Investments LLC acquired a new position in Welltower during the 4th quarter valued at about $25,000. Headlands Technologies LLC increased 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 valued at $26,000 after purchasing an additional 259 shares during the period. FinTrust Capital Advisors LLC boosted its position in shares of Welltower by 117.8% during the third quarter. FinTrust Capital Advisors LLC now owns 342 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 185 shares during the period. Financial Gravity Asset Management Inc. bought a new position in Welltower in the 3rd quarter worth approximately $38,000. Finally, Salem Investment Counselors Inc. grew its holdings 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 worth $38,000 after buying an additional 194 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Price Performance

WELL stock opened at $94.34 on Friday. Welltower Inc. has a one year low of $72.47 and a one year high of $94.99. The firm has a 50-day moving average of $92.06 and a two-hundred day moving average of $89.40. The firm has a market capitalization of $55.76 billion, a PE ratio of 147.41, a P/E/G ratio of 2.38 and a beta of 1.08. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.60.

Welltower (NYSE:WELL) last released its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share (EPS) 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 firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the firm earned $0.83 EPS. The firm’s revenue was up 15.2% compared to the same quarter last year. On average, analysts forecast that Welltower Inc. will post 4.04 earnings per share for the current year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Friday, February 23rd were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend was Thursday, February 22nd. Welltower’s payout ratio is 381.26%.

Analyst Ratings Changes

Several analysts have weighed in on the company. StockNews.com downgraded Welltower from a “hold” rating to a “sell” rating in a research note on Friday, March 29th. BNP Paribas started coverage on shares of Welltower in a report on Monday, March 18th. They issued an “outperform” rating and a $104.00 price objective for the company. Mizuho boosted their price target on shares of Welltower from $90.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. KeyCorp upped their price target on shares of Welltower from $90.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, January 5th. Finally, Scotiabank lowered their price objective on shares of Welltower from $97.00 to $96.00 and set a “sector outperform” rating on the stock in a research note on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.