Prestige Wealth Management Group LLC Acquires 380 Shares of Welltower Inc. (NYSE:WELL)

Prestige Wealth Management Group LLC raised its holdings in shares of Welltower Inc. (NYSE:WELL) by 5.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,999 shares of the real estate investment trust’s stock after acquiring an additional 380 shares during the period. Prestige Wealth Management Group LLC’s holdings in Welltower were worth $1,008,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Retirement Systems of Alabama boosted its position in Welltower by 3.7% during the 3rd quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust’s stock valued at $60,228,000 after buying an additional 16,946 shares during the period. Vestmark Advisory Solutions Inc. boosted its holdings in shares of Welltower by 120.3% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust’s stock worth $1,817,000 after purchasing an additional 7,872 shares during the period. Barclays PLC grew its stake in shares of Welltower by 29.2% in the third quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock worth $215,659,000 after purchasing an additional 380,888 shares during the last quarter. Park Avenue Securities LLC increased its holdings in Welltower by 20.1% during the 4th quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust’s stock valued at $1,696,000 after purchasing an additional 2,250 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC raised its position in Welltower by 17.3% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,936,954 shares of the real estate investment trust’s stock valued at $244,114,000 after purchasing an additional 285,015 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Welltower Stock Up 2.5 %

Shares of Welltower stock opened at $150.16 on Tuesday. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. Welltower Inc. has a twelve month low of $87.87 and a twelve month high of $158.55. The company has a market cap of $96.30 billion, a price-to-earnings ratio of 96.26, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20. The company’s 50 day moving average is $143.98 and its 200 day moving average is $134.97.

Welltower (NYSE:WELL) last announced its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. Research analysts anticipate 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. Stockholders of record on Tuesday, February 25th were given a dividend of $0.67 per share. The ex-dividend date was Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.78%. Welltower’s payout ratio is currently 171.79%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Royal Bank of Canada upgraded Welltower from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $146.00 to $168.00 in a report on Friday, February 28th. Mizuho boosted 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. Scotiabank increased their price target on shares of Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a research note on Thursday, March 6th. Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and increased their target price for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. Finally, Raymond James boosted their target price on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a report on Monday, December 16th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $156.46.

Welltower Company 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.