180 Wealth Advisors LLC Takes $234,000 Position in Welltower Inc. (NYSE:WELL)

180 Wealth Advisors LLC purchased a new stake in Welltower Inc. (NYSE:WELL) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,506 shares of the real estate investment trust’s stock, valued at approximately $234,000.

A number of other institutional investors also recently modified their holdings of the company. Bruce G. Allen Investments LLC bought a new stake in Welltower during the fourth quarter worth about $25,000. Rise Advisors LLC acquired a new position in Welltower during the first quarter worth approximately $27,000. Scarborough Advisors LLC acquired a new position in Welltower during the fourth quarter worth approximately $35,000. Salem Investment Counselors Inc. increased its position in Welltower by 84.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 425 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 194 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. acquired a new position in Welltower during the third quarter worth approximately $38,000. 94.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Welltower

In other Welltower news, Director Kenneth J. Bacon sold 1,800 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $103.91, for a total transaction of $187,038.00. Following the completion of the sale, the director now directly owns 14,579 shares in the company, valued at $1,514,903.89. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Wells Fargo & Company boosted their price target on Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. 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. 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. BNP Paribas initiated coverage on Welltower in a research report on Monday, March 18th. They issued an “outperform” rating and a $104.00 target price on the stock. Finally, StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research report on Saturday, June 22nd. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $98.07.

Welltower Stock Up 1.0 %

Welltower stock opened at $104.42 on Friday. The firm has a 50 day simple moving average of $100.38 and a 200 day simple moving average of $93.99. The firm has a market capitalization of $62.43 billion, a price-to-earnings ratio of 128.91, a P/E/G ratio of 2.51 and a beta of 1.16. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.50. Welltower Inc. has a 1-year low of $77.90 and a 1-year high of $105.69.

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

Welltower Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 2.34%. Welltower’s payout ratio is 301.23%.

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.