Hartford Investment Management Co. Purchases 150 Shares of Welltower Inc. (NYSE:WELL)

Hartford Investment Management Co. boosted its position in Welltower Inc. (NYSE:WELL) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,633 shares of the real estate investment trust’s stock after purchasing an additional 150 shares during the period. Hartford Investment Management Co.’s holdings in Welltower were worth $4,617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Laurel Wealth Advisors LLC bought a new stake in shares of Welltower during the 4th quarter worth approximately $25,000. Fortitude Family Office LLC increased its stake in Welltower by 37.0% in the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 78 shares during the period. Versant Capital Management Inc lifted its position in shares of Welltower by 165.5% during the fourth 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 during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Welltower during the third quarter valued at $50,000. Finally, FSA Wealth Management LLC bought a new position in shares of Welltower in the third quarter worth about $59,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Price Performance

WELL opened at $146.49 on Thursday. The firm has a market capitalization of $91.22 billion, a PE ratio of 96.38, a price-to-earnings-growth ratio of 2.83 and a beta of 1.23. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. The business’s 50-day moving average is $130.73 and its two-hundred day moving average is $128.27. Welltower Inc. has a 1 year low of $85.40 and a 1 year high of $148.50.

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, topping 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%. Research analysts anticipate that Welltower Inc. will post 4.3 earnings per share for the current fiscal 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. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Tuesday, February 25th. Welltower’s payout ratio is presently 176.32%.

Analyst Ratings Changes

Several research firms have issued reports on WELL. Scotiabank boosted their price objective on shares of Welltower from $142.00 to $144.00 and gave the company a “sector outperform” rating in a research report on Monday, January 27th. Mizuho boosted their price target on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and raised their price objective for the stock from $132.00 to $147.00 in a report on Thursday, January 2nd. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Raymond James raised their price target on Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Monday, December 16th. Five investment 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.96.

Welltower 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.