Romano Brothers AND Company Has $3.21 Million Position in Welltower Inc. (NYSE:WELL)

Romano Brothers AND Company trimmed its position in Welltower Inc. (NYSE:WELL) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,453 shares of the real estate investment trust’s stock after selling 600 shares during the period. Romano Brothers AND Company’s holdings in Welltower were worth $3,208,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Laurel Wealth Advisors LLC acquired a new position in Welltower in the fourth quarter valued at about $25,000. Fortitude Family Office LLC lifted its holdings in shares of Welltower by 37.0% during the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 78 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Welltower by 165.5% in the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 187 shares during the period. Ashton Thomas Securities LLC bought a new stake in Welltower during the 3rd quarter worth approximately $50,000. Finally, FSA Wealth Management LLC acquired a new stake in Welltower during the 3rd quarter worth approximately $59,000. Institutional investors own 94.80% of the company’s stock.

Welltower Price Performance

Shares of WELL opened at $129.47 on Friday. 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 company’s fifty day simple moving average is $130.44 and its 200 day simple moving average is $124.29. Welltower Inc. has a 1-year low of $85.40 and a 1-year high of $140.75. The company has a market cap of $80.62 billion, a price-to-earnings ratio of 85.18, a PEG ratio of 2.52 and a beta of 1.22.

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. On average, research analysts forecast that Welltower Inc. will post 4.3 earnings per share for the current fiscal 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 2.07%. Welltower’s payout ratio is 176.32%.

Analysts Set New Price Targets

Several research firms have recently weighed in on WELL. Raymond James upped their price target on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a report on Monday, December 16th. Mizuho increased their target price on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Scotiabank boosted their price target on Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a report on Monday, November 25th. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and increased their price objective for the stock from $132.00 to $147.00 in a report on Thursday, January 2nd. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $135.00 target price (up previously from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.