Pinnacle Wealth Management Advisory Group LLC Grows Holdings in Welltower Inc. (NYSE:WELL)

Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of Welltower Inc. (NYSE:WELL) by 1.5% during the 4th quarter, HoldingsChannel reports. The firm owned 29,255 shares of the real estate investment trust’s stock after purchasing an additional 443 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Welltower were worth $2,638,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Sequoia Financial Advisors LLC grew its holdings in shares of Welltower by 1.9% during the third quarter. Sequoia Financial Advisors LLC now owns 6,372 shares of the real estate investment trust’s stock worth $522,000 after buying an additional 119 shares during the last quarter. Profund Advisors LLC grew its stake in shares of Welltower by 1.6% in the 3rd quarter. Profund Advisors LLC now owns 7,632 shares of the real estate investment trust’s stock valued at $625,000 after purchasing an additional 120 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of Welltower by 21.2% in the 4th quarter. First Horizon Advisors Inc. now owns 691 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 121 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Welltower by 0.5% in the third quarter. Private Advisor Group LLC now owns 25,167 shares of the real estate investment trust’s stock valued at $2,062,000 after purchasing an additional 127 shares during the period. Finally, Stiles Financial Services Inc raised its stake in shares of Welltower by 1.7% during the third quarter. Stiles Financial Services Inc now owns 7,906 shares of the real estate investment trust’s stock worth $648,000 after purchasing an additional 135 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Price Performance

Shares of NYSE:WELL traded up $0.17 on Thursday, hitting $98.57. The company had a trading volume of 1,147,047 shares, compared to its average volume of 2,524,605. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.50. The company has a market cap of $58.94 billion, a PE ratio of 121.41, a PEG ratio of 2.42 and a beta of 1.07. Welltower Inc. has a 52-week low of $72.47 and a 52-week high of $98.83. The business has a 50 day moving average of $92.46 and a 200 day moving average of $90.00.

Welltower (NYSE:WELL) last released its earnings results on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.72). The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Welltower had a return on equity of 1.77% and a net margin of 6.37%. The business’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.85 earnings per share. As a group, equities analysts anticipate that Welltower Inc. will post 4.06 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Monday, May 13th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Friday, May 10th. Welltower’s payout ratio is currently 301.23%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. 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 price objective on the stock. Mizuho boosted their price target on shares of Welltower from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a report on Monday. BNP Paribas began coverage on Welltower in a report on Monday, March 18th. They issued an “outperform” rating and a $104.00 price objective on the stock. Finally, Scotiabank cut their target price on Welltower from $97.00 to $96.00 and set a “sector outperform” rating for the company in a research note on Monday, March 4th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Welltower has an average rating of “Moderate Buy” and a consensus price target of $96.07.

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.