Consolidated Planning Corp Buys 799 Shares of Welltower Inc. (NYSE:WELL)

Consolidated Planning Corp raised its stake in shares of Welltower Inc. (NYSE:WELL) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,556 shares of the real estate investment trust’s stock after buying an additional 799 shares during the quarter. Consolidated Planning Corp’s holdings in Welltower were worth $5,867,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in shares of Welltower by 10.6% in the 3rd quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock worth $2,392,349,000 after purchasing an additional 1,797,330 shares during the last quarter. FMR LLC increased its stake in Welltower by 38.1% during the 3rd quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock valued at $1,847,289,000 after purchasing an additional 3,977,845 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings 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 worth $886,022,000 after buying an additional 5,982,711 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Welltower by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,066,213 shares of the real estate investment trust’s stock worth $776,657,000 after buying an additional 46,332 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of Welltower by 6.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,106,666 shares of the real estate investment trust’s stock valued at $391,533,000 after acquiring an additional 192,303 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on WELL. Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and upped their price objective for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. Bank of America boosted their price target on Welltower from $190.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Raymond James increased their price objective on Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research report on Monday, December 16th. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Scotiabank raised their price target on shares of Welltower from $142.00 to $144.00 and gave the company a “sector outperform” rating in a report on Monday, January 27th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.96.

Welltower Stock Up 2.2 %

Shares of WELL stock opened at $146.49 on Thursday. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $148.50. The stock has a market cap of $91.22 billion, a P/E ratio of 96.38, a P/E/G ratio of 2.83 and a beta of 1.23. The company has a 50 day simple moving average of $130.73 and a two-hundred day simple moving average of $128.27.

Welltower (NYSE:WELL) last issued its quarterly earnings data 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 12.22% and a return on equity of 3.20%. On average, research analysts expect that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Tuesday, February 25th. Welltower’s dividend payout ratio (DPR) is currently 176.32%.

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.