Belpointe Asset Management LLC Takes $49,000 Position in Welltower Inc. (NYSE:WELL)

Belpointe Asset Management LLC acquired a new stake in Welltower Inc. (NYSE:WELL – Get Rating) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 754 shares of the real estate investment trust’s stock, valued at approximately $49,000.

Several other large investors have also made changes to their positions in the business. Duff & Phelps Investment Management Co. lifted its position in shares of Welltower by 3.1% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 2,427,337 shares of the real estate investment trust’s stock valued at $156,699,000 after acquiring an additional 73,700 shares in the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of Welltower by 5.4% in the fourth quarter. Orion Portfolio Solutions LLC now owns 4,279 shares of the real estate investment trust’s stock valued at $280,000 after acquiring an additional 218 shares in the last quarter. Prospera Financial Services Inc lifted its position in shares of Welltower by 8.3% in the fourth quarter. Prospera Financial Services Inc now owns 7,957 shares of the real estate investment trust’s stock valued at $522,000 after acquiring an additional 609 shares in the last quarter. Lockheed Martin Investment Management Co. lifted its position in shares of Welltower by 12.1% in the fourth quarter. Lockheed Martin Investment Management Co. now owns 34,153 shares of the real estate investment trust’s stock valued at $2,238,000 after acquiring an additional 3,700 shares in the last quarter. Finally, Glenview Trust Co lifted its position in shares of Welltower by 10.3% in the fourth quarter. Glenview Trust Co now owns 5,662 shares of the real estate investment trust’s stock valued at $371,000 after acquiring an additional 528 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Citigroup upgraded Welltower from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $70.00 to $81.00 in a research report on Wednesday, April 5th. Evercore ISI upgraded Welltower from an “in-line” rating to an “outperform” rating and set a $81.00 target price on the stock in a research report on Tuesday, April 11th. Wells Fargo & Company assumed coverage on Welltower in a research report on Wednesday, April 19th. They issued an “overweight” rating and a $85.00 target price on the stock. Royal Bank of Canada boosted their target price on Welltower from $82.00 to $87.00 in a research report on Tuesday, May 16th. Finally, StockNews.com assumed coverage on Welltower in a research report on Thursday, May 18th. They issued a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.29.

Welltower Trading Down 0.4 %

WELL opened at $76.17 on Wednesday. The stock has a market cap of $37.86 billion, a price-to-earnings ratio of 331.17, a P/E/G ratio of 3.02 and a beta of 1.05. The stock’s 50 day moving average price is $74.21 and its 200-day moving average price is $71.91. Welltower Inc. has a one year low of $56.50 and a one year high of $90.35. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.04 and a current ratio of 2.04.

Welltower (NYSE:WELL – Get Rating) last released its earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.77). The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.57 billion. Welltower had a net margin of 1.74% and a return on equity of 0.51%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 EPS. On average, equities analysts forecast that Welltower Inc. will post 3.46 EPS for the current year.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 23rd. Stockholders of record on Tuesday, May 16th were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Monday, May 15th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.20%. Welltower’s dividend payout ratio is 1,060.87%.

Welltower Profile

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Welltower, Inc engages in the provision of health care infrastructure and investment of seniors housing operators, post-acute providers, and health systems. It operates through the following segments: Seniors Housing Operating, Triple-net, and Outpatient Medical. The Seniors Housing Operating segment includes the seniors housing communities.