Welltower Inc. (NYSE:WELL) Shares Bought by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. raised its stake in Welltower Inc. (NYSE:WELL) by 24.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,261 shares of the real estate investment trust’s stock after purchasing an additional 1,404 shares during the period. Johnson Investment Counsel Inc.’s holdings in Welltower were worth $915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Retirement Systems of Alabama raised its position in Welltower by 3.7% in the 3rd quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust’s stock valued at $60,228,000 after purchasing an additional 16,946 shares in the last quarter. Barclays PLC raised its position in Welltower by 29.2% in the 3rd quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock valued at $215,659,000 after purchasing an additional 380,888 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its position in Welltower by 120.3% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust’s stock valued at $1,817,000 after purchasing an additional 7,872 shares in the last quarter. Park Avenue Securities LLC raised its position in Welltower by 20.1% in the 4th quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust’s stock valued at $1,696,000 after purchasing an additional 2,250 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in Welltower in the 4th quarter valued at about $367,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Trading Up 0.0 %

Shares of WELL stock opened at $147.36 on Thursday. The business’s 50 day moving average is $140.27 and its two-hundred day moving average is $133.35. Welltower Inc. has a twelve month low of $87.87 and a twelve month high of $158.55. The company has a market capitalization of $94.50 billion, a P/E ratio of 94.46, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48.

Welltower (NYSE:WELL) last announced its 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 return on equity of 3.15% and a net margin of 11.91%. Equities analysts forecast that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were issued a $0.67 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $2.68 annualized dividend and a dividend yield of 1.82%. Welltower’s dividend payout ratio is currently 171.79%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Mizuho increased their price target on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Scotiabank raised their target price on Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a research report on Thursday, March 6th. Royal Bank of Canada raised Welltower from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $146.00 to $168.00 in a research report on Friday, February 28th. Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and raised their target price for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. Finally, StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $150.19.

About Welltower

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.