SNS Financial Group LLC Has $252,000 Holdings in Welltower Inc. (NYSE:WELL)

SNS Financial Group LLC cut its holdings in Welltower Inc. (NYSE:WELL) by 5.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,000 shares of the real estate investment trust’s stock after selling 107 shares during the period. SNS Financial Group LLC’s holdings in Welltower were worth $252,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Laurel Wealth Advisors LLC bought a new stake in Welltower during the fourth quarter worth about $25,000. Roxbury Financial LLC bought a new stake in Welltower during the fourth quarter worth about $26,000. Sierra Ocean LLC bought a new stake in Welltower during the fourth quarter worth about $28,000. Fortitude Family Office LLC lifted its position in Welltower by 37.0% during the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 78 shares during the period. Finally, Versant Capital Management Inc lifted its position in Welltower by 165.5% during the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 187 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WELL. Mizuho upped their price objective on shares of Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Scotiabank increased their target price on shares of Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a report on Monday, January 27th. Bank of America increased their target price on shares of Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday. Wedbush raised shares of Welltower from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $145.00 to $167.00 in a report on Friday, February 14th. Finally, Raymond James increased their target price on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Welltower currently has a consensus rating of “Moderate Buy” and an average target price of $140.19.

Welltower Stock Performance

Welltower stock opened at $149.71 on Thursday. The business has a 50 day moving average of $133.00 and a 200-day moving average of $129.74. Welltower Inc. has a 1 year low of $87.87 and a 1 year high of $152.81. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. The company has a market capitalization of $96.01 billion, a P/E ratio of 95.97, a P/E/G ratio of 2.94 and a beta of 1.23.

Welltower (NYSE:WELL) last released its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. On average, equities research analysts predict that Welltower Inc. will post 4.87 earnings per share for the current year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Tuesday, February 25th. Welltower’s dividend payout ratio is presently 171.79%.

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.