EP Wealth Advisors LLC Buys 288 Shares of Welltower Inc. (NYSE:WELL)

EP Wealth Advisors LLC raised its stake in Welltower Inc. (NYSE:WELL) by 10.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,104 shares of the real estate investment trust’s stock after buying an additional 288 shares during the period. EP Wealth Advisors LLC’s holdings in Welltower were worth $280,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bruce G. Allen Investments LLC bought a new stake in shares of Welltower in the 4th quarter valued at about $25,000. Salem Investment Counselors Inc. grew its position in shares of Welltower by 84.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 425 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 194 shares during the last quarter. Financial Gravity Asset Management Inc. bought a new stake in shares of Welltower in the 3rd quarter valued at about $38,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Welltower during the 4th quarter valued at about $49,000. Finally, CVA Family Office LLC bought a new stake in shares of Welltower during the 4th quarter valued at about $50,000. Institutional investors own 94.80% of the company’s stock.

Insider Transactions at Welltower

In other news, Director Kenneth J. Bacon sold 1,800 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $103.91, for a total value of $187,038.00. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.12% of the company’s stock.

Welltower Stock Performance

Shares of Welltower stock opened at $103.94 on Thursday. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average price of $98.59 and a 200-day moving average price of $93.33. Welltower Inc. has a 52 week low of $75.86 and a 52 week high of $105.69. The company has a market cap of $62.15 billion, a PE ratio of 128.32, a price-to-earnings-growth ratio of 2.56 and a beta of 1.16.

Welltower (NYSE:WELL) last released its earnings results on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.72). Welltower had a return on equity of 1.77% and a net margin of 6.37%. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the prior year, the business earned $0.85 earnings per share. The business’s quarterly revenue was up 19.2% compared to the same quarter last year. Equities analysts anticipate that Welltower Inc. will post 4.12 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Monday, May 13th were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date was Friday, May 10th. Welltower’s payout ratio is currently 301.23%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on WELL shares. StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a research report on Friday, June 14th. Mizuho upped their target price on Welltower from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Wells Fargo & Company upped their target price on Welltower from $107.00 to $111.00 and gave the company an “overweight” rating in a research report on Thursday, May 30th. BNP Paribas started coverage on Welltower in a research report on Monday, March 18th. They set an “outperform” rating and a $104.00 target price on the stock. Finally, Scotiabank upped their target price on Welltower from $96.00 to $108.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $98.07.

Welltower 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.