Welltower Inc. (NYSE:WELL) Shares Acquired by Westover Capital Advisors LLC

Westover Capital Advisors LLC grew its stake in shares of Welltower Inc. (NYSE:WELL) by 7.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,439 shares of the real estate investment trust’s stock after purchasing an additional 2,277 shares during the period. Welltower comprises about 1.0% of Westover Capital Advisors LLC’s holdings, making the stock its 27th biggest holding. Westover Capital Advisors LLC’s holdings in Welltower were worth $3,015,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Principal Financial Group Inc. increased its stake in Welltower by 25.1% in the 3rd quarter. Principal Financial Group Inc. now owns 12,925,394 shares of the real estate investment trust’s stock valued at $1,058,848,000 after buying an additional 2,596,718 shares during the period. Vanguard Group Inc. raised its holdings in shares of Welltower by 2.7% during the third quarter. Vanguard Group Inc. now owns 80,757,592 shares of the real estate investment trust’s stock worth $6,615,662,000 after acquiring an additional 2,156,673 shares in the last quarter. Invesco Ltd. boosted its position in Welltower by 22.9% during the third quarter. Invesco Ltd. now owns 8,486,611 shares of the real estate investment trust’s stock valued at $695,223,000 after purchasing an additional 1,581,084 shares during the last quarter. Nordea Investment Management AB grew its stake in Welltower by 1,412.2% in the fourth quarter. Nordea Investment Management AB now owns 594,677 shares of the real estate investment trust’s stock valued at $54,062,000 after purchasing an additional 555,353 shares in the last quarter. Finally, Barclays PLC increased its position in Welltower by 62.6% in the 3rd quarter. Barclays PLC now owns 1,367,437 shares of the real estate investment trust’s stock worth $112,020,000 after purchasing an additional 526,386 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Stock Performance

Shares of WELL stock traded up $1.48 during mid-day trading on Thursday, reaching $95.84. The stock had a trading volume of 1,247,919 shares, compared to its average volume of 2,538,989. The firm has a market cap of $56.65 billion, a PE ratio of 116.47, a P/E/G ratio of 2.41 and a beta of 1.07. The company has a quick ratio of 3.22, a current ratio of 3.83 and a debt-to-equity ratio of 0.50. Welltower Inc. has a one year low of $72.47 and a one year high of $98.19. The firm’s 50 day simple moving average is $92.17 and its 200 day simple moving average is $89.65.

Welltower (NYSE:WELL) last issued its earnings results on Monday, April 29th. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.72). The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. Welltower had a return on equity of 1.77% and a net margin of 6.37%. The firm’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same period last year, the business earned $0.85 earnings per share. On average, analysts forecast that Welltower Inc. will post 4.05 EPS for the current year.

Welltower Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Monday, May 13th will be given a dividend of $0.61 per share. The ex-dividend date is Friday, May 10th. This represents a $2.44 annualized dividend and a dividend yield of 2.55%. Welltower’s dividend payout ratio (DPR) is presently 301.23%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on WELL shares. Mizuho boosted their price target on Welltower from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Scotiabank reduced their price target on Welltower from $97.00 to $96.00 and set a “sector outperform” rating for the company in a research report on Monday, March 4th. KeyCorp increased their price objective on Welltower from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, January 5th. Deutsche Bank Aktiengesellschaft assumed coverage on Welltower in a report on Tuesday, January 30th. They issued a “buy” rating and a $115.00 target price for the company. Finally, BNP Paribas started coverage on Welltower in a report on Monday, March 18th. They set an “outperform” rating and a $104.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Welltower presently has an average rating of “Moderate Buy” and a consensus price target of $95.57.

About Welltower

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.