59,986 Shares in Welltower Inc. (NYSE:WELL) Acquired by Harbour Trust & Investment Management Co

Harbour Trust & Investment Management Co bought a new stake in Welltower Inc. (NYSE:WELL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 59,986 shares of the real estate investment trust's stock, valued at approximately $5,409,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bruce G. Allen Investments LLC bought a new position in shares of Welltower during the 4th quarter valued at about $25,000. Headlands Technologies LLC boosted its position in shares of Welltower by 479.6% during the 3rd quarter. Headlands Technologies LLC now owns 313 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 259 shares in the last quarter. First Capital Advisors Group LLC. bought a new position in shares of Welltower during the 2nd quarter valued at about $26,000. Compass Wealth Management LLC purchased a new stake in Welltower during the fourth quarter valued at about $26,000. Finally, FinTrust Capital Advisors LLC lifted its stake in Welltower by 117.8% during the third quarter. FinTrust Capital Advisors LLC now owns 342 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 185 shares in the last quarter. Institutional investors own 94.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WELL. KeyCorp increased their price target on shares of Welltower from $90.00 to $95.00 and gave the stock an "overweight" rating in a research report on Friday, January 5th. BNP Paribas began coverage on shares of Welltower in a research report on Monday, March 18th. They issued an "outperform" rating and a $104.00 price target for the company. JPMorgan Chase & Co. raised shares of Welltower from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $92.00 to $99.00 in a research report on Monday, December 18th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Welltower in a research report on Tuesday, January 30th. They issued a "buy" rating and a $115.00 price target for the company. Finally, Mizuho raised their price objective on shares of Welltower from $90.00 to $98.00 and gave the company a "buy" rating in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $95.57.

Welltower Stock Performance

Shares of Welltower stock traded up $0.21 during midday trading on Tuesday, hitting $92.00. The company had a trading volume of 2,018,962 shares, compared to its average volume of 2,580,232. The business's 50 day simple moving average is $91.38 and its two-hundred day simple moving average is $88.62. The stock has a market cap of $54.38 billion, a PE ratio of 143.75, a P/E/G ratio of 2.33 and a beta of 1.08. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.22 and a quick ratio of 3.22. Welltower Inc. has a 1-year low of $70.91 and a 1-year high of $94.63.

Welltower (NYSE:WELL - Get Free Report) last issued its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.79). The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. Welltower had a return on equity of 1.47% and a net margin of 5.12%. The firm's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period last year, the business earned $0.83 earnings per share. As a group, equities analysts predict that Welltower Inc. will post 4.03 EPS for the current fiscal year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.65%. Welltower's payout ratio is presently 381.26%.

Welltower Company Profile

Welltower Inc NYSE: WELL, a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.