Welltower Inc. (NYSE:WELL) Shares Purchased by Connors Investor Services Inc.

Connors Investor Services Inc. raised its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 89.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 99,921 shares of the real estate investment trust's stock after purchasing an additional 47,275 shares during the quarter. Connors Investor Services Inc.'s holdings in Welltower were worth $12,593,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new position in Welltower during the fourth quarter worth $25,000. Roxbury Financial LLC purchased a new position in shares of Welltower during the 4th quarter worth about $26,000. Sierra Ocean LLC purchased a new position in shares of Welltower during the 4th quarter worth about $28,000. Versant Capital Management Inc grew its holdings in Welltower by 165.5% during the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 187 shares during the last quarter. Finally, First Command Advisory Services Inc. purchased a new stake in Welltower in the 4th quarter worth about $50,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Stock Up 0.1 %

Shares of NYSE:WELL traded up $0.15 on Friday, reaching $150.48. The company had a trading volume of 2,367,811 shares, compared to its average volume of 2,877,383. The firm has a market capitalization of $98.04 billion, a PE ratio of 96.46, a PEG ratio of 2.87 and a beta of 0.93. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. Welltower Inc. has a 52-week low of $94.66 and a 52-week high of $158.55. The firm's 50 day simple moving average is $148.06 and its 200-day simple moving average is $139.08.

Welltower (NYSE:WELL - Get Free Report) last announced its earnings results on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.05. Welltower had a net margin of 11.91% and a return on equity of 3.15%. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the previous year, the company posted $1.01 earnings per share. The firm's revenue was up 30.3% on a year-over-year basis. As a group, analysts expect that Welltower Inc. will post 4.88 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, May 22nd. Stockholders of record on Wednesday, May 14th 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 1.78%. The ex-dividend date is Wednesday, May 14th. Welltower's payout ratio is presently 171.79%.

Analysts Set New Price Targets

A number of research firms have recently commented on WELL. Bank of America upped their target price on Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. StockNews.com downgraded Welltower from a "hold" rating to a "sell" rating in a research report on Wednesday. Royal Bank of Canada upgraded Welltower from a "sector perform" rating to an "outperform" rating and lifted their target price for the stock from $146.00 to $168.00 in a research report on Friday, February 28th. Wells Fargo & Company restated an "equal weight" rating on shares of Welltower in a report on Thursday, April 17th. Finally, Mizuho lifted their price objective on shares of Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a report on Tuesday, March 18th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Welltower has a consensus rating of "Moderate Buy" and a consensus target price of $157.46.

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.