Savant Capital LLC Acquires 3,591 Shares of Welltower Inc. (NYSE:WELL)

Savant Capital LLC raised its holdings in shares of Welltower Inc. (NYSE:WELL) by 98.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,240 shares of the real estate investment trust’s stock after purchasing an additional 3,591 shares during the period. Savant Capital LLC’s holdings in Welltower were worth $653,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB raised its position in shares of Welltower by 1,412.2% in 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 acquiring an additional 555,353 shares in the last quarter. Harbour Trust & Investment Management Co bought a new position in shares of Welltower in the 4th quarter worth approximately $5,409,000. Koshinski Asset Management Inc. raised its position in shares of Welltower by 55.0% in the 4th quarter. Koshinski Asset Management Inc. now owns 4,108 shares of the real estate investment trust’s stock worth $370,000 after acquiring an additional 1,458 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Welltower by 27.3% in 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 acquiring an additional 96,046 shares in the last quarter. Finally, Cerity Partners LLC raised its position in shares of Welltower by 57.4% in the 4th quarter. Cerity Partners LLC now owns 168,106 shares of the real estate investment trust’s stock worth $15,158,000 after acquiring an additional 61,324 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

WELL has been the subject of several research reports. StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a research report on Friday, March 29th. Deutsche Bank Aktiengesellschaft initiated coverage on Welltower in a research note on Tuesday, January 30th. They issued a “buy” rating and a $115.00 price target on the stock. BNP Paribas initiated coverage on Welltower in a research note on Monday, March 18th. They issued an “outperform” rating and a $104.00 price target on the stock. Finally, Scotiabank cut their price target on Welltower from $97.00 to $96.00 and set a “sector outperform” rating on the stock in a research note on Monday, March 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Welltower presently has a consensus rating of “Moderate Buy” and an average target price of $95.57.

Welltower Stock Performance

Shares of WELL opened at $95.81 on Friday. The business’s fifty day simple moving average is $92.26 and its two-hundred day simple moving average is $89.76. The company has a current ratio of 3.83, a quick ratio of 3.22 and a debt-to-equity ratio of 0.50. Welltower Inc. has a 12 month low of $72.47 and a 12 month high of $98.19. The company has a market cap of $57.29 billion, a price-to-earnings ratio of 118.28, a P/E/G ratio of 2.42 and a beta of 1.07.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.72). The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. Welltower had a net margin of 6.37% and a return on equity of 1.77%. Welltower’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 earnings per share. Research analysts anticipate that Welltower Inc. will post 4.06 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, May 13th will be issued a dividend of $0.61 per share. The ex-dividend date is Friday, May 10th. This represents a $2.44 annualized dividend and a dividend yield of 2.55%. Welltower’s payout ratio is 301.23%.

Welltower Company Profile

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.