Bridgefront Capital LLC Makes New Investment in Welltower Inc. (NYSE:WELL)

Bridgefront Capital LLC purchased a new stake in shares of Welltower Inc. (NYSE:WELL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,321 shares of the real estate investment trust's stock, valued at approximately $293,000.

Other large investors also recently bought and sold shares of the company. Roxbury Financial LLC purchased a new position in Welltower during the 4th quarter valued at about $26,000. Laurel Wealth Advisors LLC purchased a new position in Welltower in the fourth quarter worth about $25,000. Sierra Ocean LLC purchased a new position in Welltower in the fourth quarter worth about $28,000. First Command Advisory Services Inc. purchased a new position in Welltower in the fourth quarter worth about $50,000. Finally, Cape Investment Advisory Inc. purchased a new position in Welltower in the fourth quarter worth about $53,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WELL has been the subject of several recent analyst reports. Bank of America lifted their target price on shares of Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Wedbush reaffirmed an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. Evercore ISI lifted their target price on shares of Welltower from $145.00 to $157.00 and gave the stock an "in-line" rating in a report on Thursday, May 1st. StockNews.com cut shares of Welltower from a "hold" rating to a "sell" rating in a report on Thursday. Finally, Scotiabank lifted their target price on shares of Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a report on Thursday, March 6th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $161.83.

Welltower Stock Performance

NYSE WELL traded down $3.54 during trading hours on Monday, hitting $145.64. 2,096,371 shares of the company's stock traded hands, compared to its average volume of 2,892,615. The business's fifty day moving average price is $147.74 and its two-hundred day moving average price is $139.86. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $95.24 billion, a P/E ratio of 93.37, a P/E/G ratio of 2.87 and a beta of 0.94. Welltower Inc. has a 52 week low of $98.36 and a 52 week high of $158.55.

Welltower (NYSE:WELL - Get Free Report) last announced its earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.05. The company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.40 billion. Welltower had a net margin of 11.91% and a return on equity of 3.15%. The firm's quarterly revenue was up 30.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.01 earnings per share. Equities research analysts predict that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th will be given a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.84%. Welltower's payout ratio is currently 154.02%.

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.