Prosperity Financial Group Inc. Acquires Shares of 1,917 Welltower Inc. (NYSE:WELL)

Prosperity Financial Group Inc. acquired a new stake in Welltower Inc. (NYSE:WELL) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,917 shares of the real estate investment trust’s stock, valued at approximately $245,000.

A number of other large investors also recently modified their holdings of WELL. First Foundation Advisors acquired a new position in shares of Welltower in the 2nd quarter valued at $26,000. TruNorth Capital Management LLC acquired a new position in shares of Welltower in the 2nd quarter valued at $27,000. Meeder Asset Management Inc. acquired a new position in shares of Welltower in the 2nd quarter valued at $30,000. Centerpoint Advisors LLC acquired a new position in shares of Welltower in the 2nd quarter valued at $31,000. Finally, Fortitude Family Office LLC boosted its holdings in shares of Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 78 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Wolfe Research upgraded shares of Welltower to a “strong-buy” rating in a report on Friday, August 9th. Wedbush increased their price target on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Evercore ISI lifted their target price on shares of Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Finally, Scotiabank lifted their target price on shares of Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a research report on Monday, September 23rd. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $116.68.

Welltower Price Performance

WELL opened at $137.91 on Monday. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. Welltower Inc. has a 52-week low of $85.40 and a 52-week high of $140.19. The company has a 50 day moving average of $131.10 and a two-hundred day moving average of $117.11. The company has a market cap of $85.88 billion, a P/E ratio of 90.73, a P/E/G ratio of 3.09 and a beta of 1.20.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.31). Welltower had a return on equity of 3.20% and a net margin of 12.22%. The business had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the prior year, the firm earned $0.92 earnings per share. Welltower’s quarterly revenue was up 23.7% compared to the same quarter last year. On average, analysts expect that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were paid a $0.67 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $2.68 annualized dividend and a dividend yield of 1.94%. Welltower’s dividend payout ratio (DPR) is presently 176.32%.

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.