Lindbrook Capital LLC Acquires 420 Shares of Welltower Inc. (NYSE:WELL)

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

Several other institutional investors and hedge funds have also recently bought and sold shares of WELL. Dynamic Advisor Solutions LLC bought a new stake in Welltower in the 3rd quarter valued at $266,000. CWM LLC boosted its stake in shares of Welltower by 2.4% in the 3rd quarter. CWM LLC now owns 12,695 shares of the real estate investment trust’s stock valued at $1,040,000 after purchasing an additional 296 shares in the last quarter. AE Wealth Management LLC boosted its stake in shares of Welltower by 6.8% in the 3rd quarter. AE Wealth Management LLC now owns 9,096 shares of the real estate investment trust’s stock valued at $745,000 after purchasing an additional 580 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Welltower by 48.4% in the 3rd quarter. Geneos Wealth Management Inc. now owns 868 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 283 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its stake in shares of Welltower by 2.3% in the 3rd quarter. Global Retirement Partners LLC now owns 8,083 shares of the real estate investment trust’s stock valued at $660,000 after purchasing an additional 178 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Performance

Shares of WELL stock opened at $91.61 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.22 and a quick ratio of 3.22. The stock has a market cap of $54.15 billion, a PE ratio of 143.14, a price-to-earnings-growth ratio of 2.32 and a beta of 1.08. The stock has a 50-day moving average of $91.91 and a 200-day moving average of $89.17. Welltower Inc. has a one year low of $72.47 and a one year high of $94.63.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.79). Welltower had a net margin of 5.12% and a return on equity of 1.47%. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period last year, the company earned $0.83 earnings per share. The business’s revenue was up 15.2% compared to the same quarter last year. As a group, sell-side analysts expect that Welltower Inc. will post 4.04 earnings per share for the current year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Friday, February 23rd were paid 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 yield of 2.66%. Welltower’s payout ratio is 381.26%.

Analysts Set New Price Targets

Several brokerages have recently commented on WELL. KeyCorp boosted their target price on shares of Welltower from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, January 5th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Welltower in a research note on Tuesday, January 30th. They issued a “buy” rating and a $115.00 target price on the stock. Scotiabank reduced their price target on shares of Welltower from $97.00 to $96.00 and set a “sector outperform” rating on the stock in a research report on Monday, March 4th. Mizuho upped their price target on shares of Welltower from $90.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Finally, StockNews.com downgraded shares of Welltower from a “hold” rating to a “sell” rating in a research report on Friday, March 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.57.

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.