Sound View Wealth Advisors Group LLC Acquires 200 Shares of Welltower Inc. (NYSE:WELL)

Sound View Wealth Advisors Group LLC boosted its holdings in Welltower Inc. (NYSE:WELL) by 5.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,571 shares of the real estate investment trust’s stock after buying an additional 200 shares during the quarter. Sound View Wealth Advisors Group LLC’s holdings in Welltower were worth $450,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Welltower by 638.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust’s stock valued at $886,022,000 after purchasing an additional 5,982,711 shares in the last quarter. FMR LLC increased its holdings in shares of Welltower by 38.1% in the 3rd quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock worth $1,847,289,000 after buying an additional 3,977,845 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Welltower by 10.6% during the 3rd quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock valued at $2,392,349,000 after buying an additional 1,797,330 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Welltower during the 4th quarter worth $90,565,000. Finally, Amundi grew its position in Welltower by 18.5% in the fourth quarter. Amundi now owns 3,773,827 shares of the real estate investment trust’s stock worth $477,314,000 after acquiring an additional 589,255 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Stock Performance

Shares of NYSE:WELL opened at $147.22 on Monday. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. The company has a market cap of $94.41 billion, a price-to-earnings ratio of 94.37, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20. Welltower Inc. has a 12 month low of $87.87 and a 12 month high of $158.55. The company has a 50-day moving average price of $138.99 and a 200-day moving average price of $132.86.

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 analysts’ consensus estimates of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. As a group, equities analysts anticipate that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.82%. The ex-dividend date was Tuesday, February 25th. Welltower’s dividend payout ratio (DPR) is currently 171.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Wedbush upgraded Welltower from a “neutral” rating to an “outperform” rating and raised their price target for the company from $145.00 to $167.00 in a research report on Friday, February 14th. StockNews.com cut Welltower from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. Evercore ISI upped their target price on Welltower from $144.00 to $145.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 4th. Bank of America increased their price target on shares of Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, Scotiabank boosted their price objective on shares of Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Welltower presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.42.

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.