Great Valley Advisor Group Inc. Acquires 488 Shares of Welltower Inc. (NYSE:WELL)

Great Valley Advisor Group Inc. grew its holdings in Welltower Inc. (NYSE:WELL) by 15.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,587 shares of the real estate investment trust’s stock after acquiring an additional 488 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Welltower were worth $323,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Bruce G. Allen Investments LLC acquired a new position in Welltower during the 4th quarter worth approximately $25,000. Headlands Technologies LLC boosted its holdings in Welltower by 479.6% during the third quarter. Headlands Technologies LLC now owns 313 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 259 shares during the last quarter. Financial Gravity Asset Management Inc. bought a new position in Welltower in the third quarter valued at $38,000. Salem Investment Counselors Inc. increased its stake in Welltower by 84.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 425 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 194 shares during the last quarter. Finally, Rational Advisors LLC bought a new stake in Welltower during the 3rd quarter worth about $43,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on WELL. Deutsche Bank Aktiengesellschaft initiated coverage on Welltower in a research report on Tuesday, January 30th. They set a “buy” rating and a $115.00 price target for the company. Scotiabank decreased 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. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research report on Monday. Finally, BNP Paribas initiated coverage on shares of Welltower in a research note on Monday, March 18th. They set an “outperform” rating and a $104.00 price objective on the stock. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Welltower presently has an average rating of “Moderate Buy” and a consensus target price of $95.57.

Welltower Stock Performance

Shares of NYSE:WELL opened at $96.78 on Tuesday. Welltower Inc. has a 1 year low of $72.47 and a 1 year high of $98.19. The stock has a market capitalization of $57.87 billion, a price-to-earnings ratio of 119.48, a price-to-earnings-growth ratio of 2.42 and a beta of 1.07. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.83 and a quick ratio of 3.83. The company’s 50 day simple moving average is $92.36 and its 200 day simple moving average is $89.90.

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

Welltower Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, May 13th will be issued a $0.61 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.52%. Welltower’s dividend payout ratio (DPR) is currently 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.