GM Advisory Group LLC Invests $208,000 in Welltower Inc. (NYSE:WELL)

GM Advisory Group LLC bought a new stake in shares of Welltower Inc. (NYSE:WELL) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,000 shares of the real estate investment trust’s stock, valued at approximately $208,000.

Several other hedge funds have also recently added to or reduced their stakes in WELL. Capital International Investors boosted its stake in Welltower by 26.4% during the 1st quarter. Capital International Investors now owns 29,236,326 shares of the real estate investment trust’s stock valued at $2,731,842,000 after purchasing an additional 6,104,064 shares during the period. Vanguard Group Inc. raised its holdings in Welltower by 6.4% in the 4th quarter. Vanguard Group Inc. now owns 85,930,671 shares of the real estate investment trust’s stock valued at $7,748,369,000 after acquiring an additional 5,173,079 shares in the last quarter. Zimmer Partners LP bought a new stake in shares of Welltower in the 1st quarter worth approximately $309,917,000. Centersquare Investment Management LLC lifted its position in shares of Welltower by 19.0% in the 1st quarter. Centersquare Investment Management LLC now owns 5,329,248 shares of the real estate investment trust’s stock worth $507,771,000 after acquiring an additional 849,898 shares during the period. Finally, Swedbank AB bought a new stake in shares of Welltower in the 1st quarter worth approximately $66,905,000. Institutional investors own 94.80% of the company’s stock.

Welltower Trading Down 0.1 %

Shares of WELL opened at $125.27 on Friday. The stock has a fifty day moving average price of $117.54 and a two-hundred day moving average price of $104.59. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.07 and a current ratio of 4.07. Welltower Inc. has a 52-week low of $78.38 and a 52-week high of $131.31. The company has a market cap of $74.90 billion, a price-to-earnings ratio of 154.65, a PEG ratio of 2.97 and a beta of 1.21.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $1.89 billion. During the same quarter in the previous year, the company posted $0.90 EPS. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. Analysts predict that Welltower Inc. will post 4.19 EPS for the current fiscal year.

Welltower Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were given a $0.67 dividend. This is an increase 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 yield of 2.14%. Welltower’s payout ratio is presently 330.86%.

Analyst Ratings Changes

WELL has been the subject of a number of research reports. Wolfe Research upgraded Welltower to a “strong-buy” rating in a research report on Friday, August 9th. KeyCorp raised their price objective on Welltower from $95.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 2nd. Royal Bank of Canada raised their price objective on Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Friday, August 9th. Morgan Stanley raised their price objective on Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Finally, Scotiabank raised their price objective on Welltower from $116.00 to $121.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $112.38.

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.