Atria Investments Inc Grows Stock Holdings in Welltower Inc. (NYSE:WELL)

Atria Investments Inc grew its holdings in Welltower Inc. (NYSE:WELL) by 4.7% during the 4th quarter, Holdings Channel reports. The fund owned 36,723 shares of the real estate investment trust’s stock after purchasing an additional 1,651 shares during the period. Atria Investments Inc’s holdings in Welltower were worth $4,628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in WELL. Laurel Wealth Advisors LLC purchased a new stake in shares of Welltower in the 4th quarter valued at $25,000. Roxbury Financial LLC purchased a new stake in shares of Welltower in the 4th quarter valued at $26,000. Sierra Ocean LLC purchased a new stake in shares of Welltower in the 4th quarter valued at $28,000. Versant Capital Management Inc boosted its holdings 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 valued at $38,000 after acquiring an additional 187 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Welltower in the 3rd quarter valued at $50,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WELL. Bank of America boosted 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. Royal Bank of Canada upgraded shares of Welltower from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $146.00 to $168.00 in a research note on Friday, February 28th. 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 research note on Thursday, January 2nd. Scotiabank boosted their target price on shares of Welltower from $165.00 to $166.00 and gave the company a “sector outperform” rating in a research note on Thursday. Finally, Raymond James boosted their target price on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $148.42.

Welltower Price Performance

Shares of NYSE WELL opened at $147.22 on Friday. The firm has a 50-day simple moving average of $138.99 and a 200-day simple moving average of $132.63. The stock has a market capitalization of $94.41 billion, a price-to-earnings ratio of 94.37, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. Welltower Inc. has a 52 week low of $87.87 and a 52 week high of $158.55.

Welltower (NYSE:WELL) last issued its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 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%. On average, equities analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower’s dividend payout ratio (DPR) is 171.79%.

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.