Tidal Investments LLC Acquires 24,476 Shares of Welltower Inc. (NYSE:WELL)

Tidal Investments LLC boosted its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 116.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,492 shares of the real estate investment trust's stock after purchasing an additional 24,476 shares during the quarter. Tidal Investments LLC's holdings in Welltower were worth $5,733,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of WELL. Assenagon Asset Management S.A. lifted its position in Welltower by 1.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 20,931 shares of the real estate investment trust's stock worth $2,638,000 after acquiring an additional 365 shares in the last quarter. Ritholtz Wealth Management bought a new stake in shares of Welltower during the 4th quarter valued at about $261,000. HB Wealth Management LLC raised its position in shares of Welltower by 6.5% during the 4th quarter. HB Wealth Management LLC now owns 9,191 shares of the real estate investment trust's stock worth $1,158,000 after purchasing an additional 562 shares during the period. Ameritas Advisory Services LLC increased its holdings in shares of Welltower by 2.0% in the 4th quarter. Ameritas Advisory Services LLC now owns 7,596 shares of the real estate investment trust's stock worth $957,000 after acquiring an additional 148 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Welltower by 6.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,109 shares of the real estate investment trust's stock valued at $266,000 after purchasing an additional 123 shares during the period. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Welltower Trading Up 1.6%

WELL stock traded up $2.39 during trading on Friday, hitting $149.29. The company had a trading volume of 2,183,274 shares, compared to its average volume of 2,909,945. The business has a 50-day moving average of $147.54 and a 200-day moving average of $140.60. 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 one year low of $99.95 and a one year high of $158.55. The stock has a market cap of $97.63 billion, a PE ratio of 95.70, a PEG ratio of 2.87 and a beta of 0.94.

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

Welltower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were paid a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.80%. Welltower's dividend payout ratio (DPR) is 154.02%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Morgan Stanley raised their price objective on shares of Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Evercore ISI boosted their price target on Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a research note on Thursday, May 1st. Bank of America boosted their price target on Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Scotiabank raised 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, March 6th. Finally, Royal Bank of Canada upgraded Welltower from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from $146.00 to $168.00 in a report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $161.83.

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.