Mercer Global Advisors Inc. ADV Grows Stock Holdings in Welltower Inc. (NYSE:WELL)

Mercer Global Advisors Inc. ADV lifted its holdings in Welltower Inc. (NYSE:WELL) by 3.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 72,446 shares of the real estate investment trust’s stock after acquiring an additional 2,602 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Welltower were worth $7,552,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in WELL. RDA Financial Network boosted its position in Welltower by 0.6% in the 2nd quarter. RDA Financial Network now owns 16,161 shares of the real estate investment trust’s stock worth $1,685,000 after purchasing an additional 104 shares in the last quarter. Trueblood Wealth Management LLC grew its position in Welltower by 1.2% during the first quarter. Trueblood Wealth Management LLC now owns 9,061 shares of the real estate investment trust’s stock valued at $847,000 after buying an additional 109 shares during the period. Simplicity Wealth LLC increased its holdings in Welltower by 0.9% in the second quarter. Simplicity Wealth LLC now owns 12,155 shares of the real estate investment trust’s stock valued at $1,267,000 after buying an additional 113 shares in the last quarter. Graypoint LLC raised its position in shares of Welltower by 4.8% in the first quarter. Graypoint LLC now owns 2,687 shares of the real estate investment trust’s stock worth $251,000 after acquiring an additional 122 shares during the period. Finally, Lake Street Advisors Group LLC boosted its stake in shares of Welltower by 3.1% during the 2nd quarter. Lake Street Advisors Group LLC now owns 4,057 shares of the real estate investment trust’s stock worth $423,000 after acquiring an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft upped their price target on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Wedbush increased their target price on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. KeyCorp boosted their price target on shares of Welltower from $95.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, July 2nd. Scotiabank lifted their target price on shares of Welltower from $116.00 to $121.00 and gave the company a “sector outperform” rating in a research report on Wednesday, August 7th. Finally, Wells Fargo & Company boosted their target price on shares of Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. Four research 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $112.38.

Welltower Stock Down 0.1 %

WELL stock opened at $125.27 on Friday. 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 50-day moving average of $117.54 and a two-hundred day moving average of $104.59. Welltower Inc. has a 12 month low of $78.38 and a 12 month 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 posted 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 business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period in the prior year, the business earned $0.90 earnings per share. The business’s revenue was up 9.6% compared to the same quarter last year. As a group, analysts forecast that Welltower Inc. will post 4.19 earnings per share for the current fiscal year.

Welltower Increases Dividend

The company also recently declared 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 boost 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 payout ratio is presently 330.86%.

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.