2,080 Shares in Welltower Inc. (NYSE:WELL) Bought by Wealth Alliance

Wealth Alliance acquired a new stake in shares of Welltower Inc. (NYSE:WELL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,080 shares of the real estate investment trust’s stock, valued at approximately $217,000.

Several other hedge funds also recently added to or reduced their stakes in WELL. First Foundation Advisors bought a new stake in Welltower in the second quarter valued at about $26,000. Rise Advisors LLC bought a new stake in shares of Welltower in the 1st quarter valued at approximately $27,000. TruNorth Capital Management LLC acquired a new stake in shares of Welltower during the 2nd quarter valued at approximately $27,000. Meeder Asset Management Inc. bought a new position in Welltower during the second quarter worth $30,000. Finally, Manchester Capital Management LLC boosted its holdings in Welltower by 338.7% in the first quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 254 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Trading Down 0.1 %

Shares of NYSE:WELL opened at $125.27 on Friday. Welltower Inc. has a twelve month low of $78.38 and a twelve month high of $131.31. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.47. The firm has a market cap of $74.90 billion, a P/E ratio of 154.65, a P/E/G ratio of 2.97 and a beta of 1.21. The company has a 50 day moving average of $117.54 and a 200-day moving average of $104.59.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.08. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period last year, the company posted $0.90 EPS. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. As a group, analysts anticipate that Welltower Inc. will post 4.19 earnings per share for the current fiscal year.

Welltower Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th were given a dividend of $0.67 per share. This is a positive change from Welltower’s previous quarterly dividend of $0.61. The ex-dividend date was Monday, August 12th. This represents a $2.68 annualized dividend and a dividend yield of 2.14%. Welltower’s dividend payout ratio (DPR) is 330.86%.

Wall Street Analyst Weigh In

WELL has been the topic of a number of recent research reports. Morgan Stanley raised their price target on shares of Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Wolfe Research raised Welltower to a “strong-buy” rating in a report on Friday, August 9th. Royal Bank of Canada raised their price target on Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a report on Friday, August 9th. Evercore ISI increased their target price on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Finally, StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $112.38.

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.