Modera Wealth Management LLC Boosts Stock Holdings in Welltower Inc. (NYSE:WELL)

Modera Wealth Management LLC grew its position in Welltower Inc. (NYSE:WELL) by 28.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,245 shares of the real estate investment trust’s stock after acquiring an additional 500 shares during the quarter. Modera Wealth Management LLC’s holdings in Welltower were worth $283,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in WELL. SRS Capital Advisors Inc. lifted its stake in shares of Welltower by 100.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,039 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 521 shares in the last quarter. Bailard Inc. raised its holdings in Welltower by 2.9% in the 4th quarter. Bailard Inc. now owns 6,216 shares of the real estate investment trust’s stock valued at $783,000 after acquiring an additional 173 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in Welltower in the 4th quarter worth approximately $192,000. Smartleaf Asset Management LLC boosted its holdings in shares of Welltower by 18.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 5,843 shares of the real estate investment trust’s stock worth $730,000 after purchasing an additional 897 shares during the last quarter. Finally, Cape Investment Advisory Inc. purchased a new stake in shares of Welltower in the fourth quarter valued at approximately $53,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Stock Up 0.7 %

Welltower stock opened at $154.95 on Thursday. The company has a market capitalization of $99.37 billion, a PE ratio of 99.33, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. Welltower Inc. has a fifty-two week low of $87.87 and a fifty-two week high of $158.55. The firm has a 50 day moving average price of $138.10 and a 200 day moving average price of $132.30.

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

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $2.68 annualized dividend and a dividend yield of 1.73%. Welltower’s dividend payout ratio is presently 171.79%.

Analyst Ratings Changes

WELL has been the topic of a number of analyst reports. Royal Bank of Canada upgraded Welltower from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $146.00 to $168.00 in a research report on Friday, February 28th. Mizuho lifted their price target on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Bank of America upped their price objective on shares of Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Wedbush upgraded shares of Welltower from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $145.00 to $167.00 in a research report on Friday, February 14th. Finally, Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and boosted their target price 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, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.35.

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.