Graypoint LLC Invests $231,000 in Welltower Inc. (NYSE:WELL)

Graypoint LLC acquired a new position in shares of Welltower Inc. (NYSE:WELL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,565 shares of the real estate investment trust’s stock, valued at approximately $231,000.

Other hedge funds have also modified their holdings of the company. Nordea Investment Management AB increased its stake in shares of Welltower by 1,412.2% during the 4th quarter. Nordea Investment Management AB now owns 594,677 shares of the real estate investment trust’s stock worth $54,062,000 after purchasing an additional 555,353 shares in the last quarter. Harbour Trust & Investment Management Co purchased a new position in shares of Welltower during the 4th quarter worth approximately $5,409,000. Envestnet Asset Management Inc. increased its stake in shares of Welltower by 27.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 447,303 shares of the real estate investment trust’s stock worth $36,643,000 after purchasing an additional 96,046 shares in the last quarter. Cerity Partners LLC increased its stake in shares of Welltower by 57.4% during the 4th quarter. Cerity Partners LLC now owns 168,106 shares of the real estate investment trust’s stock worth $15,158,000 after purchasing an additional 61,324 shares in the last quarter. Finally, Chevy Chase Trust Holdings LLC grew its stake in Welltower by 6.0% in the 4th quarter. Chevy Chase Trust Holdings LLC now owns 310,624 shares of the real estate investment trust’s stock worth $28,009,000 after acquiring an additional 17,595 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Stock Performance

Shares of WELL stock opened at $89.12 on Tuesday. Welltower Inc. has a 12 month low of $72.47 and a 12 month high of $94.63. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.22 and a quick ratio of 3.22. The firm has a market capitalization of $52.67 billion, a P/E ratio of 139.25, a P/E/G ratio of 2.28 and a beta of 1.08. The company’s fifty day moving average price is $91.59 and its two-hundred day moving average price is $88.86.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.79). Welltower had a return on equity of 1.47% and a net margin of 5.12%. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the firm earned $0.83 EPS. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. On average, research analysts anticipate that Welltower Inc. will post 4.03 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Friday, February 23rd were issued a $0.61 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.44 dividend on an annualized basis and a yield of 2.74%. Welltower’s dividend payout ratio is currently 381.26%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Scotiabank lowered their target price on shares of Welltower from $97.00 to $96.00 and set a “sector outperform” rating for the company in a research note on Monday, March 4th. Mizuho lifted their target price on shares of Welltower from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. KeyCorp lifted their target price on shares of Welltower from $90.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, January 5th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Welltower in a research note on Tuesday, January 30th. They issued a “buy” rating and a $115.00 target price for the company. Finally, StockNews.com cut shares of Welltower from a “hold” rating to a “sell” rating in a research note on Friday, March 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.57.

About Welltower

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.