Denali Advisors LLC Raises Holdings in Welltower Inc. (NYSE:WELL)

Denali Advisors LLC increased its position in Welltower Inc. (NYSE:WELL) by 27.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,167 shares of the real estate investment trust’s stock after buying an additional 3,019 shares during the period. Denali Advisors LLC’s holdings in Welltower were worth $1,785,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Roxbury Financial LLC bought a new position in Welltower during the fourth quarter valued at $26,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Welltower during the 4th quarter valued at about $25,000. Sierra Ocean LLC bought a new position in shares of Welltower in the 4th quarter valued at about $28,000. Fortitude Family Office LLC grew its position 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 worth $37,000 after acquiring an additional 78 shares in the last quarter. Finally, Versant Capital Management Inc grew its position 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 worth $38,000 after acquiring an additional 187 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and upped their price objective for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. Mizuho lifted their price objective on shares of Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Wedbush raised shares of Welltower from a “neutral” rating to an “outperform” rating and increased their target price for the company from $145.00 to $167.00 in a research note on Friday, February 14th. Finally, Bank of America raised their target price on shares of Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Welltower currently has an average rating of “Moderate Buy” and an average target price of $140.19.

Welltower Trading Down 0.8 %

Shares of WELL opened at $150.50 on Thursday. The firm has a market capitalization of $96.52 billion, a price-to-earnings ratio of 96.47, a PEG ratio of 2.87 and a beta of 1.23. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. Welltower Inc. has a 1-year low of $87.87 and a 1-year high of $152.81. The company has a 50-day moving average of $135.22 and a 200 day moving average of $130.99.

Welltower (NYSE:WELL) last issued its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. On average, research analysts expect that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th will be issued 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 dividend payout ratio is 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.