C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Buys New Stake in Welltower Inc. (NYSE:WELL)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Welltower Inc. (NYSE:WELL) during the 4th quarter, Holdings Channel.com reports. The fund purchased 25,945 shares of the real estate investment trust’s stock, valued at approximately $3,270,000.

Other institutional investors have also modified their holdings of the company. Mather Group LLC. boosted its stake in shares of Welltower by 3.8% in the fourth quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust’s stock worth $259,000 after buying an additional 75 shares during the last quarter. Childress Capital Advisors LLC boosted its position in Welltower by 3.7% in the 4th quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust’s stock worth $271,000 after purchasing an additional 76 shares in the last quarter. Fortitude Family Office LLC grew its stake in shares of Welltower by 37.0% during the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 78 shares during the period. Old North State Wealth Management LLC increased its holdings in shares of Welltower by 0.6% during the 3rd quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust’s stock valued at $1,648,000 after purchasing an additional 78 shares in the last quarter. Finally, Frank Rimerman Advisors LLC lifted its stake in shares of Welltower by 0.9% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 9,617 shares of the real estate investment trust’s stock valued at $1,231,000 after purchasing an additional 82 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Stock Up 2.2 %

NYSE WELL opened at $146.49 on Thursday. The business has a fifty day moving average price of $130.73 and a 200 day moving average price of $128.27. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. The company has a market cap of $91.22 billion, a P/E ratio of 96.38, a P/E/G ratio of 2.83 and a beta of 1.23. Welltower Inc. has a one year low of $85.40 and a one year high of $148.50.

Welltower (NYSE:WELL) last released its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.73. Welltower had a net margin of 12.22% and a return on equity of 3.20%. Research analysts anticipate that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Tuesday, February 25th. Welltower’s dividend payout ratio (DPR) is 176.32%.

Analyst Upgrades and Downgrades

Several research firms recently commented on WELL. Raymond James raised their price target on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research report on Monday, December 16th. Bank of America raised their target price on Welltower from $190.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, January 24th. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Mizuho increased their price target on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Finally, Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and boosted their price objective for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $134.96.

Welltower Profile

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.