Mercer Global Advisors Inc. ADV Purchases 43,285 Shares of Welltower Inc. (NYSE:WELL)

Mercer Global Advisors Inc. ADV lifted its holdings in Welltower Inc. (NYSE:WELL) by 53.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 123,777 shares of the real estate investment trust’s stock after purchasing an additional 43,285 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Welltower were worth $15,600,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of WELL. Mather Group LLC. increased its holdings in shares of Welltower by 3.8% in the 4th quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust’s stock worth $259,000 after buying an additional 75 shares during the last quarter. Childress Capital Advisors LLC increased its stake in Welltower by 3.7% during the fourth quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust’s stock worth $271,000 after acquiring an additional 76 shares during the last quarter. Woodmont Investment Counsel LLC raised its position in Welltower by 3.8% during the fourth quarter. Woodmont Investment Counsel LLC now owns 2,213 shares of the real estate investment trust’s stock valued at $279,000 after purchasing an additional 81 shares during the period. Wealthspire Advisors LLC lifted its stake in shares of Welltower by 2.5% in the 4th quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust’s stock valued at $435,000 after purchasing an additional 83 shares during the last quarter. Finally, Graypoint LLC boosted its holdings in shares of Welltower by 2.5% in the 4th quarter. Graypoint LLC now owns 3,427 shares of the real estate investment trust’s stock worth $432,000 after purchasing an additional 84 shares during the period. Institutional investors own 94.80% of the company’s stock.

Welltower Trading Up 0.1 %

NYSE:WELL opened at $150.48 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. The firm has a 50-day simple moving average of $148.06 and a 200-day simple moving average of $139.08. Welltower Inc. has a one year low of $94.66 and a one year high of $158.55. The firm has a market cap of $98.04 billion, a P/E ratio of 96.46, a P/E/G ratio of 2.87 and a beta of 0.93.

Welltower (NYSE:WELL) last announced its earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.05. The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Welltower had a return on equity of 3.15% and a net margin of 11.91%. The business’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.01 EPS. Equities analysts anticipate that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Wednesday, May 14th. Welltower’s payout ratio is 171.79%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Scotiabank increased their price target on Welltower from $165.00 to $166.00 and gave the company a “sector outperform” rating in a report on Thursday, March 6th. Wedbush restated an “underperform” rating on shares of Welltower in a report on Thursday, April 17th. Royal Bank of Canada upgraded shares of Welltower from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $146.00 to $168.00 in a report on Friday, February 28th. Wells Fargo & Company reissued an “equal weight” rating on shares of Welltower in a research note on Thursday, April 17th. Finally, Mizuho upped their target price on Welltower from $141.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, March 18th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $157.46.

Welltower Company 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.