65,363 Shares in Welltower Inc. (NYSE:WELL) Purchased by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC acquired a new position in shares of Welltower Inc. (NYSE:WELL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 65,363 shares of the real estate investment trust’s stock, valued at approximately $8,238,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Empowered Funds LLC grew its position in Welltower by 7.4% in the 3rd quarter. Empowered Funds LLC now owns 10,094 shares of the real estate investment trust’s stock worth $1,292,000 after purchasing an additional 696 shares during the last quarter. Pathstone Holdings LLC increased its stake in shares of Welltower by 1.2% during the third quarter. Pathstone Holdings LLC now owns 44,609 shares of the real estate investment trust’s stock valued at $5,711,000 after acquiring an additional 548 shares during the period. Caprock Group LLC increased its stake in shares of Welltower by 38.8% during the third quarter. Caprock Group LLC now owns 8,529 shares of the real estate investment trust’s stock valued at $1,092,000 after acquiring an additional 2,385 shares during the period. Prospera Financial Services Inc increased its stake in shares of Welltower by 5.8% during the third quarter. Prospera Financial Services Inc now owns 8,450 shares of the real estate investment trust’s stock valued at $1,083,000 after acquiring an additional 463 shares during the period. Finally, Prospera Private Wealth LLC acquired a new position in shares of Welltower during the third quarter valued at approximately $133,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on WELL. Scotiabank raised their price objective on shares of Welltower from $165.00 to $166.00 and gave the company a “sector outperform” rating in a research note on Thursday, March 6th. Royal Bank of Canada upgraded shares of Welltower from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Raymond James lifted their price target on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 16th. Mizuho lifted their price target on shares of Welltower from $141.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Evercore ISI lifted their price target on shares of Welltower from $144.00 to $145.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $156.46.

Welltower Trading Down 0.7 %

Welltower stock opened at $146.84 on Friday. The company has a 50 day moving average price of $143.50 and a 200 day moving average price of $134.62. Welltower Inc. has a 52 week low of $87.87 and a 52 week high of $158.55. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. The firm has a market capitalization of $94.17 billion, a price-to-earnings ratio of 94.13, a P/E/G ratio of 2.87 and a beta of 1.20.

Welltower (NYSE:WELL) last posted its quarterly earnings data 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%. Research analysts forecast that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower’s dividend payout ratio (DPR) is currently 171.79%.

Welltower Company 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.