J.W. Cole Advisors Inc. Purchases 279 Shares of Welltower Inc. (NYSE:WELL)

J.W. Cole Advisors Inc. lifted its position in shares of Welltower Inc. (NYSE:WELL) by 9.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,381 shares of the real estate investment trust’s stock after purchasing an additional 279 shares during the period. J.W. Cole Advisors Inc.’s holdings in Welltower were worth $305,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in WELL. Bruce G. Allen Investments LLC bought a new stake in shares of Welltower during the fourth quarter worth about $25,000. Headlands Technologies LLC boosted its holdings in Welltower by 479.6% in the third quarter. Headlands Technologies LLC now owns 313 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 259 shares during the last quarter. FinTrust Capital Advisors LLC boosted its holdings in Welltower by 117.8% in the third quarter. FinTrust Capital Advisors LLC now owns 342 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 185 shares during the last quarter. Financial Gravity Asset Management Inc. bought a new stake in Welltower in the third quarter valued at approximately $38,000. Finally, Salem Investment Counselors Inc. boosted its holdings in Welltower by 84.0% in the fourth quarter. Salem Investment Counselors Inc. now owns 425 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 194 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on WELL shares. Deutsche Bank Aktiengesellschaft started coverage on Welltower in a report on Tuesday, January 30th. They issued a “buy” rating and a $115.00 target price on the stock. Scotiabank reduced their target price on Welltower from $97.00 to $96.00 and set a “sector outperform” rating on the stock in a report on Monday, March 4th. BNP Paribas started coverage on Welltower in a report on Monday, March 18th. They issued an “outperform” rating and a $104.00 target price on the stock. StockNews.com cut Welltower from a “hold” rating to a “sell” rating in a report on Friday, March 29th. Finally, Mizuho increased their price target on Welltower from $90.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $95.57.

Welltower Price Performance

Shares of NYSE:WELL opened at $93.70 on Thursday. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.60. Welltower Inc. has a twelve month low of $72.47 and a twelve month high of $94.63. The stock’s 50 day moving average is $92.03 and its 200-day moving average is $89.28. The firm has a market capitalization of $55.38 billion, a price-to-earnings ratio of 146.41, a PEG ratio of 2.32 and a beta of 1.08.

Welltower (NYSE:WELL) last issued its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.79). Welltower had a return on equity of 1.47% and a net margin of 5.12%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the previous year, the company earned $0.83 earnings per share. Welltower’s revenue for the quarter was up 15.2% compared to the same quarter last year. Sell-side analysts forecast that Welltower Inc. will post 4.04 EPS for the current fiscal year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Friday, February 23rd were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend was Thursday, February 22nd. Welltower’s payout ratio is currently 381.25%.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.