Naviter Wealth LLC Acquires 4,585 Shares of Welltower Inc. (NYSE:WELL)

Naviter Wealth LLC grew its holdings in shares of Welltower Inc. (NYSE:WELL) by 18.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,451 shares of the real estate investment trust’s stock after purchasing an additional 4,585 shares during the quarter. Naviter Wealth LLC’s holdings in Welltower were worth $2,656,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bruce G. Allen Investments LLC purchased a new position in Welltower in the fourth quarter valued at about $25,000. Headlands Technologies LLC grew its holdings in Welltower by 479.6% during 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 raised its stake in shares of Welltower by 117.8% in the third quarter. FinTrust Capital Advisors LLC now owns 342 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 185 shares during the period. Financial Gravity Asset Management Inc. purchased a new position in shares of Welltower during the 3rd quarter valued at $38,000. Finally, Salem Investment Counselors Inc. increased 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 acquiring an additional 194 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Stock Up 1.1 %

Shares of NYSE WELL traded up $1.02 during midday trading on Monday, hitting $95.36. The stock had a trading volume of 810,639 shares, compared to its average volume of 2,520,043. The business’s 50 day moving average is $92.06 and its 200-day moving average is $89.47. Welltower Inc. has a 52 week low of $72.47 and a 52 week high of $95.60. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.60. The company has a market cap of $56.36 billion, a P/E ratio of 148.69, a PEG ratio of 2.39 and a beta of 1.08.

Welltower (NYSE:WELL) last released its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.15 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.79). Welltower had a return on equity of 1.47% and a net margin of 5.12%. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the business posted $0.83 earnings per share. Welltower’s quarterly revenue was up 15.2% compared to the same quarter last year. As a group, analysts predict that Welltower Inc. will post 4.05 EPS for the current year.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Friday, February 23rd were paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend was Thursday, February 22nd. Welltower’s dividend payout ratio is presently 381.25%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. BNP Paribas began coverage on Welltower in a research note on Monday, March 18th. They set an “outperform” rating and a $104.00 price objective on the stock. Scotiabank cut their price objective 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. KeyCorp upped their target price on shares of Welltower from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, January 5th. StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a research report on Friday, March 29th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Welltower in a research report on Tuesday, January 30th. They set a “buy” rating and a $115.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.