Tuttle Capital Management LLC Has $402,000 Stake in Welltower Inc. (NYSE:WELL)

Tuttle Capital Management LLC lifted its holdings in shares of Welltower Inc. (NYSE:WELL) by 34.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,193 shares of the real estate investment trust’s stock after purchasing an additional 824 shares during the quarter. Welltower accounts for about 2.4% of Tuttle Capital Management LLC’s portfolio, making the stock its 22nd biggest position. Tuttle Capital Management LLC’s holdings in Welltower were worth $402,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Eastern Bank increased its stake in Welltower by 1,087.6% during the 4th quarter. Eastern Bank now owns 1,152 shares of the real estate investment trust’s stock worth $145,000 after purchasing an additional 1,055 shares in the last quarter. Wedmont Private Capital lifted its stake in Welltower by 8.0% in the fourth quarter. Wedmont Private Capital now owns 7,221 shares of the real estate investment trust’s stock valued at $901,000 after buying an additional 533 shares in the last quarter. Agate Pass Investment Management LLC acquired a new position in shares of Welltower in the fourth quarter valued at approximately $871,000. Czech National Bank increased its position in shares of Welltower by 8.8% during the fourth quarter. Czech National Bank now owns 128,261 shares of the real estate investment trust’s stock worth $16,165,000 after acquiring an additional 10,376 shares in the last quarter. Finally, Graypoint LLC raised its holdings in shares of Welltower by 2.5% during the fourth quarter. Graypoint LLC now owns 3,427 shares of the real estate investment trust’s stock worth $432,000 after acquiring an additional 84 shares during the period. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Performance

NYSE WELL opened at $125.87 on Tuesday. The firm has a market capitalization of $78.38 billion, a P/E ratio of 82.81, a price-to-earnings-growth ratio of 2.90 and a beta of 1.22. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The firm’s fifty day moving average price is $131.08 and its two-hundred day moving average price is $123.90. Welltower Inc. has a 1 year low of $85.40 and a 1 year high of $140.75.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.31). Welltower had a return on equity of 3.20% and a net margin of 12.22%. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the firm earned $0.92 earnings per share. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. As a group, research analysts anticipate that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were given a $0.67 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.13%. Welltower’s payout ratio is 176.32%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on WELL shares. Raymond James upped their target price on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 16th. Mizuho upped their price objective on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $135.00 price target (up previously from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Finally, Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and lifted their price objective for the company from $132.00 to $147.00 in a report on Thursday, January 2nd. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $127.63.

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.