Paradigm Asset Management Co. LLC Purchases 300 Shares of Welltower Inc. (NYSE:WELL)

Paradigm Asset Management Co. LLC raised its position in shares of Welltower Inc. (NYSE:WELL) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,838 shares of the real estate investment trust’s stock after acquiring an additional 300 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Welltower were worth $1,366,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of WELL. Whittier Trust Co. increased its position in Welltower by 16.9% during the third quarter. Whittier Trust Co. now owns 4,331 shares of the real estate investment trust’s stock valued at $554,000 after acquiring an additional 625 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Welltower by 4.4% in the third quarter. Sequoia Financial Advisors LLC now owns 7,824 shares of the real estate investment trust’s stock worth $1,002,000 after purchasing an additional 331 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Welltower by 5.4% in the third quarter. Signaturefd LLC now owns 9,747 shares of the real estate investment trust’s stock worth $1,248,000 after purchasing an additional 497 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in shares of Welltower by 28.0% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 4,399 shares of the real estate investment trust’s stock worth $564,000 after purchasing an additional 962 shares during the last quarter. Finally, Axecap Investments LLC bought a new position in shares of Welltower in the third quarter worth about $976,000. Institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Bank of America upped their price target on shares of Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday. Mizuho upped their price target on shares of Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Wedbush upgraded shares of Welltower from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $145.00 to $167.00 in a report on Friday, February 14th. Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and upped their price target for the stock from $132.00 to $147.00 in a report on Thursday, January 2nd. Finally, Scotiabank upped their price target on shares of Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $140.19.

Welltower Stock Performance

WELL stock opened at $150.47 on Friday. The firm has a market cap of $96.50 billion, a price-to-earnings ratio of 96.46, a PEG ratio of 2.86 and a beta of 1.23. The firm has a 50-day simple moving average of $133.44 and a two-hundred day simple moving average of $129.88. Welltower Inc. has a one year low of $87.87 and a one year high of $152.81. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22.

Welltower (NYSE:WELL) last released its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 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%. On average, equities analysts forecast that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 25th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Tuesday, February 25th. Welltower’s payout ratio is currently 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.