Welltower Inc. (NYSE:WELL) Position Boosted by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its position in Welltower Inc. (NYSE:WELL) by 4.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 117,676 shares of the real estate investment trust’s stock after purchasing an additional 4,506 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Welltower were worth $10,996,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Federated Hermes Inc. boosted its holdings in shares of Welltower by 16.5% in the 3rd quarter. Federated Hermes Inc. now owns 9,705 shares of the real estate investment trust’s stock valued at $795,000 after buying an additional 1,372 shares during the period. Bank of Nova Scotia grew its holdings in shares of Welltower by 17.5% during the third quarter. Bank of Nova Scotia now owns 47,200 shares of the real estate investment trust’s stock valued at $3,867,000 after purchasing an additional 7,029 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Welltower during the 3rd quarter worth approximately $2,621,000. United Services Automobile Association lifted its holdings in shares of Welltower by 23.1% in the 3rd quarter. United Services Automobile Association now owns 13,918 shares of the real estate investment trust’s stock worth $1,140,000 after purchasing an additional 2,613 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in Welltower by 4.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 5,564 shares of the real estate investment trust’s stock valued at $456,000 after purchasing an additional 247 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on WELL shares. Wells Fargo & Company raised their target price on Welltower from $107.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. BNP Paribas initiated coverage on shares of Welltower in a research note on Monday, March 18th. They set an “outperform” rating and a $104.00 target price for the company. Mizuho raised their price target on shares of Welltower from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. StockNews.com downgraded Welltower from a “hold” rating to a “sell” rating in a research report on Sunday. Finally, Scotiabank raised 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 equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $98.07.

Welltower Price Performance

Shares of Welltower stock opened at $104.25 on Friday. Welltower Inc. has a 52 week low of $77.90 and a 52 week high of $105.69. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average price is $100.38 and its two-hundred day moving average price is $94.03. The stock has a market cap of $62.33 billion, a PE ratio of 128.70, a price-to-earnings-growth ratio of 2.55 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 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.72). The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. Welltower had a net margin of 6.37% and a return on equity of 1.77%. The firm’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 earnings per share. As a group, sell-side analysts anticipate that Welltower Inc. will post 4.12 EPS for the current fiscal year.

Welltower Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Monday, May 13th were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Friday, May 10th. Welltower’s dividend payout ratio (DPR) is presently 301.23%.

Insider Activity

In other Welltower news, Director Kenneth J. Bacon sold 1,800 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 14,579 shares in the company, valued at $1,514,903.89. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.12% of the stock is currently owned by company insiders.

Welltower Company 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.