Morey & Quinn Wealth Partners LLC Invests $962,000 in Welltower Inc. (NYSE:WELL)

Morey & Quinn Wealth Partners LLC acquired a new stake in shares of Welltower Inc. (NYSE:WELL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,631 shares of the real estate investment trust’s stock, valued at approximately $962,000. Welltower makes up approximately 0.8% of Morey & Quinn Wealth Partners LLC’s holdings, making the stock its 27th largest position.

A number of other large investors have also added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC bought a new stake in Welltower in the 4th quarter worth about $25,000. Roxbury Financial LLC purchased a new stake in shares of Welltower during the 4th quarter valued at about $26,000. Sierra Ocean LLC bought a new stake in shares of Welltower in the fourth quarter worth approximately $28,000. 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 valued at $38,000 after purchasing an additional 187 shares during the period. Finally, First Command Advisory Services Inc. purchased a new stake in Welltower in the fourth quarter worth approximately $50,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Price Performance

WELL stock opened at $148.34 on Wednesday. Welltower Inc. has a 52 week low of $87.87 and a 52 week high of $158.55. The firm has a market capitalization of $95.13 billion, a P/E ratio of 95.09, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20. The company has a fifty day simple moving average of $144.41 and a two-hundred day simple moving average of $135.13. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS 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%. Analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Tuesday, February 25th. Welltower’s dividend payout ratio is currently 171.79%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wells Fargo & Company lifted their price objective on Welltower from $140.00 to $158.00 and gave the stock an “equal weight” rating in a report on Monday, March 10th. 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 research report on Monday, December 16th. Bank of America raised their price objective on shares of Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and increased their price target for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. Finally, StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research report on Tuesday, March 18th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $156.46.

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.