ST Germain D J Co. Inc. Purchases 2,949 Shares of Welltower Inc. (NYSE:WELL)

ST Germain D J Co. Inc. raised its stake in Welltower Inc. (NYSE:WELL) by 536.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,499 shares of the real estate investment trust’s stock after acquiring an additional 2,949 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Welltower were worth $441,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new position in Welltower in the second quarter valued at about $30,000. Fortitude Family Office LLC boosted its stake in Welltower by 37.0% in the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 78 shares during the last quarter. Versant Capital Management Inc boosted its stake 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. Ashton Thomas Securities LLC purchased a new position in Welltower in the third quarter valued at about $50,000. Finally, FSA Wealth Management LLC purchased a new position in Welltower in the third quarter valued at about $59,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Welltower Price Performance

Shares of NYSE:WELL opened at $124.92 on Friday. The company’s fifty day moving average price is $131.25 and its 200-day moving average price is $123.43. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. The firm has a market capitalization of $77.79 billion, a price-to-earnings ratio of 82.18, a PEG ratio of 2.90 and a beta of 1.22. Welltower Inc. has a one year low of $85.40 and a one year high of $140.75.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.31). The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. Welltower’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.92 earnings per share. On average, equities research analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Wednesday, November 13th. Welltower’s dividend payout ratio is currently 176.32%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Mizuho boosted their target price on shares of Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Scotiabank upped their price target on shares of Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a research note on Monday, November 25th. Evercore ISI upped their price target on shares of Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Raymond James upped their price target on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Monday, December 16th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $135.00 price target (up from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $127.63.

Welltower 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.