Proficio Capital Partners LLC Purchases 508,372 Shares of Welltower Inc. (NYSE:WELL)

Proficio Capital Partners LLC lifted its position in shares of Welltower Inc. (NYSE:WELL) by 31,188.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 510,002 shares of the real estate investment trust’s stock after acquiring an additional 508,372 shares during the quarter. Proficio Capital Partners LLC’s holdings in Welltower were worth $64,276,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Retirement Systems of Alabama boosted its position in Welltower by 3.7% during the third quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust’s stock valued at $60,228,000 after purchasing an additional 16,946 shares in the last quarter. Barclays PLC boosted its position in Welltower by 29.2% during the third quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock valued at $215,659,000 after purchasing an additional 380,888 shares in the last quarter. Park Avenue Securities LLC boosted its position in Welltower by 20.1% during the fourth 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 in the last quarter. Nordea Investment Management AB boosted its position in Welltower by 28.1% during the fourth quarter. Nordea Investment Management AB now owns 1,477,388 shares of the real estate investment trust’s stock valued at $185,649,000 after purchasing an additional 324,520 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in Welltower by 1.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 20,931 shares of the real estate investment trust’s stock valued at $2,638,000 after purchasing an additional 365 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Trading Up 0.6 %

Shares of NYSE:WELL opened at $151.54 on Friday. Welltower Inc. has a 52-week low of $87.87 and a 52-week high of $152.81. The stock has a market cap of $97.18 billion, a price-to-earnings ratio of 97.14, a PEG ratio of 2.87 and a beta of 1.23. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The business has a 50-day moving average price of $135.78 and a 200-day moving average price of $131.13.

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

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 25th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.77%. The ex-dividend date is Tuesday, February 25th. Welltower’s dividend payout ratio is currently 171.79%.

Analysts Set New Price Targets

Several brokerages have weighed in on WELL. Wedbush raised Welltower from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $145.00 to $167.00 in a report on Friday, February 14th. Raymond James raised their price target on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a report on Monday, December 16th. Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and raised their price target for the stock from $132.00 to $147.00 in a report on Thursday, January 2nd. Mizuho raised their price target on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Finally, Scotiabank raised their price target on Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $140.19.

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.