Summit Global Investments Grows Stock Position in Welltower Inc. (NYSE:WELL)

Summit Global Investments raised its stake in Welltower Inc. (NYSE:WELL) by 193.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,925 shares of the real estate investment trust’s stock after buying an additional 4,566 shares during the quarter. Summit Global Investments’ holdings in Welltower were worth $873,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in WELL. Roxbury Financial LLC acquired a new stake in Welltower during the 4th quarter worth approximately $26,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Welltower during the 4th quarter worth about $25,000. Sierra Ocean LLC purchased a new stake in shares of Welltower during the 4th quarter worth approximately $28,000. Versant Capital Management Inc lifted its position in Welltower by 165.5% in the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 187 shares during the last quarter. Finally, First Command Advisory Services Inc. purchased a new stake in shares of Welltower in the 4th quarter valued at about $50,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on WELL shares. Mizuho upped their price target on shares of Welltower from $141.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, March 18th. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a report on Tuesday, March 18th. Scotiabank upped their target price on shares of Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a research report on Thursday, March 6th. Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and upped their target price for the company from $132.00 to $147.00 in a report on Thursday, January 2nd. Finally, Raymond James raised their price objective on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 16th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $156.46.

Welltower Trading Down 0.7 %

Shares of WELL stock opened at $146.84 on Monday. Welltower Inc. has a 1-year low of $87.87 and a 1-year high of $158.55. The firm’s 50-day simple moving average is $143.50 and its 200-day simple moving average is $134.78. The firm has a market cap of $94.17 billion, a P/E ratio of 94.13, a PEG ratio of 2.87 and a beta of 1.20. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. As a group, equities analysts forecast that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.83%. The ex-dividend date was Tuesday, February 25th. Welltower’s dividend payout ratio (DPR) is presently 171.79%.

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.