Lindbrook Capital LLC Increases Holdings in Welltower Inc. (NYSE:WELL)

Lindbrook Capital LLC grew its holdings in shares of Welltower Inc. (NYSE:WELL) by 14.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,240 shares of the real estate investment trust’s stock after purchasing an additional 420 shares during the quarter. Lindbrook Capital LLC’s holdings in Welltower were worth $292,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Nordea Investment Management AB grew its stake in shares of Welltower by 1,412.2% during the 4th quarter. Nordea Investment Management AB now owns 594,677 shares of the real estate investment trust’s stock worth $54,062,000 after acquiring an additional 555,353 shares during the period. Harbour Trust & Investment Management Co bought a new position in Welltower in the 4th quarter worth about $5,409,000. Koshinski Asset Management Inc. boosted its stake in Welltower by 55.0% in the 4th quarter. Koshinski Asset Management Inc. now owns 4,108 shares of the real estate investment trust’s stock worth $370,000 after purchasing an additional 1,458 shares during the period. Envestnet Asset Management Inc. boosted its stake in Welltower by 27.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 447,303 shares of the real estate investment trust’s stock worth $36,643,000 after purchasing an additional 96,046 shares during the period. Finally, Cerity Partners LLC boosted its stake in Welltower by 57.4% in the 4th quarter. Cerity Partners LLC now owns 168,106 shares of the real estate investment trust’s stock worth $15,158,000 after purchasing an additional 61,324 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Price Performance

Shares of WELL stock opened at $91.61 on Tuesday. The firm has a market cap of $54.15 billion, a P/E ratio of 143.14, a P/E/G ratio of 2.32 and a beta of 1.08. Welltower Inc. has a fifty-two week low of $72.47 and a fifty-two week high of $94.63. The business’s 50 day moving average price is $91.91 and its 200-day moving average price is $89.17. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.22 and a current ratio of 3.22.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.79). The business 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%. Welltower’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.83 earnings per share. On average, equities research analysts anticipate that Welltower Inc. will post 4.04 earnings per share for the current year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Friday, February 23rd were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.44 annualized dividend and a dividend yield of 2.66%. Welltower’s dividend payout ratio is presently 381.26%.

Analyst Upgrades and Downgrades

Several brokerages have commented on WELL. Deutsche Bank Aktiengesellschaft started coverage on Welltower in a research note on Tuesday, January 30th. They issued a “buy” rating and a $115.00 target price for the company. Mizuho lifted their price target on Welltower from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. KeyCorp lifted their price target on Welltower from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, January 5th. Scotiabank dropped their price target on Welltower from $97.00 to $96.00 and set a “sector outperform” rating for the company in a research report on Monday, March 4th. Finally, BNP Paribas started coverage on Welltower in a research report on Monday, March 18th. They set an “outperform” rating and a $104.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $95.57.

About Welltower

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.