Simon Quick Advisors LLC Raises Position in Welltower Inc. (NYSE:WELL)

Simon Quick Advisors LLC lifted its holdings in shares of Welltower Inc. (NYSE:WELL) by 11.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,195 shares of the real estate investment trust’s stock after purchasing an additional 225 shares during the quarter. Simon Quick Advisors LLC’s holdings in Welltower were worth $277,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Atomi Financial Group Inc. increased its position in Welltower by 12.2% during the fourth quarter. Atomi Financial Group Inc. now owns 5,634 shares of the real estate investment trust’s stock worth $710,000 after purchasing an additional 614 shares during the last quarter. Transform Wealth LLC grew its stake in shares of Welltower by 14.0% during the 4th quarter. Transform Wealth LLC now owns 102,650 shares of the real estate investment trust’s stock valued at $12,937,000 after buying an additional 12,572 shares during the period. Perpetual Ltd increased its holdings in shares of Welltower by 3.5% during the 4th quarter. Perpetual Ltd now owns 24,204 shares of the real estate investment trust’s stock worth $3,050,000 after buying an additional 820 shares during the last quarter. Ballentine Partners LLC raised its position in shares of Welltower by 5.9% in the 4th quarter. Ballentine Partners LLC now owns 5,924 shares of the real estate investment trust’s stock worth $747,000 after buying an additional 329 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Welltower by 6.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,109 shares of the real estate investment trust’s stock worth $266,000 after buying an additional 123 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Stock Performance

Shares of WELL stock opened at $132.31 on Friday. The company’s fifty day moving average price is $130.15 and its two-hundred day moving average price is $124.95. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. The firm has a market capitalization of $82.39 billion, a P/E ratio of 87.05, a P/E/G ratio of 2.69 and a beta of 1.22. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $140.75.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the prior year, the company posted $0.92 EPS. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. On average, research analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were paid a $0.67 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.03%. Welltower’s dividend payout ratio (DPR) is presently 176.32%.

Analyst Ratings Changes

Several equities research analysts have commented on WELL shares. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and upped their price target for the stock from $132.00 to $147.00 in a research note on Thursday, January 2nd. Mizuho increased their target price on shares of Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Scotiabank lifted their price target on shares of Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a research report on Monday, November 25th. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Raymond James raised their target price on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $127.63.

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.