ICA Group Wealth Management LLC Acquires Shares of 1,112 Welltower Inc. (NYSE:WELL)

ICA Group Wealth Management LLC bought a new position in Welltower Inc. (NYSE:WELL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,112 shares of the real estate investment trust’s stock, valued at approximately $100,000.

A number of other institutional investors have also modified their holdings of WELL. Creekmur Asset Management LLC bought a new position in Welltower during the 4th quarter worth approximately $45,000. Pineridge Advisors LLC acquired a new position in Welltower during the 4th quarter valued at about $148,000. Scarborough Advisors LLC bought a new position in Welltower in the 4th quarter worth about $35,000. American International Group Inc. increased its stake in shares of Welltower by 5.6% in the fourth quarter. American International Group Inc. now owns 149,837 shares of the real estate investment trust’s stock valued at $13,511,000 after purchasing an additional 7,924 shares during the period. Finally, EP Wealth Advisors LLC raised its holdings in shares of Welltower by 10.2% during the fourth quarter. EP Wealth Advisors LLC now owns 3,104 shares of the real estate investment trust’s stock valued at $280,000 after buying an additional 288 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Mizuho lifted their target price on Welltower from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Wells Fargo & Company lifted their price objective on shares of Welltower from $107.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. BNP Paribas assumed coverage on shares of Welltower in a research report on Monday, March 18th. They issued an “outperform” rating and a $104.00 target price for the company. Scotiabank upped their price target on shares of Welltower from $96.00 to $108.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 16th. Finally, StockNews.com lowered shares of Welltower from a “hold” rating to a “sell” rating in a research note on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $98.07.

Welltower Stock Performance

Shares of WELL opened at $103.77 on Tuesday. The company has a 50-day moving average of $98.08 and a two-hundred day moving average of $93.15. The stock has a market cap of $62.05 billion, a price-to-earnings ratio of 128.11, a PEG ratio of 2.57 and a beta of 1.16. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.83 and a quick ratio of 3.83. Welltower Inc. has a one year low of $75.86 and a one year high of $105.69.

Welltower (NYSE:WELL) last posted its quarterly earnings data 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 firm 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 company’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 earnings per share. On average, equities research analysts expect that Welltower Inc. will post 4.12 earnings per share for the current year.

Welltower Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Monday, May 13th were given a dividend of $0.61 per share. The ex-dividend date was Friday, May 10th. This represents a $2.44 dividend on an annualized basis and a yield of 2.35%. Welltower’s payout ratio is presently 301.23%.

Insider Buying and Selling at Welltower

In other news, Director Kenneth J. Bacon sold 1,800 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $103.91, for a total value of $187,038.00. Following the completion of the sale, the director now directly owns 14,579 shares of the company’s stock, valued at $1,514,903.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.12% of the company’s stock.

About Welltower

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.