Brooklyn FI LLC Acquires New Stake in Welltower Inc. (NYSE:WELL)

Brooklyn FI LLC acquired a new stake in Welltower Inc. (NYSE:WELL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,864 shares of the real estate investment trust’s stock, valued at approximately $638,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Empowered Funds LLC grew its holdings in Welltower by 7.4% during the 3rd quarter. Empowered Funds LLC now owns 10,094 shares of the real estate investment trust’s stock worth $1,292,000 after acquiring an additional 696 shares during the period. Thrivent Financial for Lutherans grew its holdings in Welltower by 18.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 142,881 shares of the real estate investment trust’s stock worth $18,294,000 after acquiring an additional 21,757 shares during the period. Pathstone Holdings LLC grew its holdings in Welltower by 1.2% during the 3rd quarter. Pathstone Holdings LLC now owns 44,609 shares of the real estate investment trust’s stock worth $5,711,000 after acquiring an additional 548 shares during the period. Caprock Group LLC grew its holdings in Welltower by 38.8% during the 3rd quarter. Caprock Group LLC now owns 8,529 shares of the real estate investment trust’s stock worth $1,092,000 after acquiring an additional 2,385 shares during the period. Finally, Prospera Financial Services Inc grew its holdings in Welltower by 5.8% during the 3rd quarter. Prospera Financial Services Inc now owns 8,450 shares of the real estate investment trust’s stock worth $1,083,000 after acquiring an additional 463 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Price Performance

Shares of NYSE WELL opened at $148.81 on Thursday. Welltower Inc. has a fifty-two week low of $87.87 and a fifty-two week high of $158.55. The stock has a market cap of $95.43 billion, a price-to-earnings ratio of 95.39, a PEG ratio of 2.87 and a beta of 1.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. The firm’s 50-day simple moving average is $142.63 and its 200 day simple moving average is $134.35.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. As a group, research analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.67 per share. The ex-dividend date was Tuesday, February 25th. This represents a $2.68 annualized dividend and a dividend yield of 1.80%. Welltower’s dividend payout ratio is currently 171.79%.

Wall Street Analyst Weigh In

WELL has been the subject of a number of recent analyst reports. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a report on Tuesday. Evercore ISI increased their price objective on shares of Welltower from $144.00 to $145.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 4th. Jefferies Financial Group raised shares of Welltower from a “hold” rating to a “buy” rating and increased their price objective for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. Mizuho increased their price objective on shares of Welltower from $141.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Scotiabank increased their price objective on shares of Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a research report on Thursday, March 6th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $156.46.

Welltower 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.