Peapack Gladstone Financial Corp Has $5.81 Million Holdings in Welltower Inc. (NYSE:WELL)

Peapack Gladstone Financial Corp cut its stake in shares of Welltower Inc. (NYSE:WELL) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,057 shares of the real estate investment trust’s stock after selling 1,141 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Welltower were worth $5,805,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in WELL. Laurel Wealth Advisors LLC bought a new stake in shares of Welltower during the fourth quarter worth $25,000. Roxbury Financial LLC acquired a new stake in shares of Welltower during the 4th quarter valued at $26,000. Sierra Ocean LLC bought a new stake in Welltower during the 4th quarter worth $28,000. Versant Capital Management Inc increased its holdings in Welltower by 165.5% in the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 187 shares in the last quarter. Finally, First Command Advisory Services Inc. bought a new position in Welltower in the fourth quarter valued at about $50,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Stock Performance

WELL stock opened at $143.26 on Monday. The firm has a market cap of $92.89 billion, a PE ratio of 91.83, a price-to-earnings-growth ratio of 2.87 and a beta of 0.93. 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 stock has a 50-day moving average price of $147.64 and a 200-day moving average price of $136.41. Welltower Inc. has a 1-year low of $87.87 and a 1-year high of $158.55.

Welltower (NYSE:WELL) last issued its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping 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 research analysts expect that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower’s dividend payout ratio is presently 171.79%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on WELL shares. Bank of America boosted their price target on Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Raymond James boosted their target price on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a report on Monday, December 16th. Wedbush raised shares of 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 note on Friday, February 14th. Evercore ISI boosted their price objective on shares of Welltower from $144.00 to $145.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 4th. Finally, Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and increased their price objective for the company from $132.00 to $147.00 in a report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.46.

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.