Welltower Inc. (NYSE:WELL) Stock Holdings Raised by Azimuth Capital Investment Management LLC

Azimuth Capital Investment Management LLC lifted its holdings in shares of Welltower Inc. (NYSE:WELL) by 5.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 54,280 shares of the real estate investment trust’s stock after buying an additional 2,700 shares during the period. Azimuth Capital Investment Management LLC’s holdings in Welltower were worth $6,841,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Laurel Wealth Advisors LLC acquired a new position in Welltower during the 4th quarter valued at about $25,000. Roxbury Financial LLC acquired a new stake in shares of Welltower in the 4th quarter worth approximately $26,000. Sierra Ocean LLC acquired a new stake in shares of Welltower in the 4th quarter worth approximately $28,000. Versant Capital Management Inc lifted its stake in shares of 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 acquiring an additional 187 shares during the period. Finally, First Command Advisory Services Inc. acquired a new stake in shares of Welltower in the 4th quarter worth approximately $50,000. Institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WELL. Raymond James upped their price target on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 16th. Mizuho upped their price target on shares of Welltower from $141.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 18th. Bank of America increased their target price on shares of Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Jefferies Financial Group raised shares of Welltower from a “hold” rating to a “buy” rating and increased their target price for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. Finally, Wells Fargo & Company raised shares of Welltower from an “equal weight” rating to an “overweight” rating and set a $158.00 target price for the company in a research note on Tuesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $156.46.

Welltower Stock Up 3.8 %

WELL stock opened at $141.61 on Thursday. Welltower Inc. has a 52-week low of $87.87 and a 52-week high of $158.55. The company’s 50 day simple moving average is $147.84 and its 200-day simple moving average is $136.71. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. The firm has a market capitalization of $91.82 billion, a P/E ratio of 90.78, a P/E/G ratio of 2.87 and a beta of 0.93.

Welltower (NYSE:WELL) last released its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts anticipate that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were paid a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 annualized dividend and a yield of 1.89%. Welltower’s dividend payout ratio is presently 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.