C2C Wealth Management LLC Invests $208,000 in Welltower Inc. (NYSE:WELL)

C2C Wealth Management LLC acquired a new position in Welltower Inc. (NYSE:WELL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,000 shares of the real estate investment trust’s stock, valued at approximately $208,000.

Other institutional investors have also recently made changes to their positions in the company. Nomura Holdings Inc. acquired a new stake in shares of Welltower in the 4th quarter worth $8,857,000. Connors Investor Services Inc. lifted its position in Welltower by 10.6% during the 1st quarter. Connors Investor Services Inc. now owns 117,715 shares of the real estate investment trust’s stock worth $10,999,000 after acquiring an additional 11,238 shares during the period. Nordea Investment Management AB lifted its position in Welltower by 88.1% during the 1st quarter. Nordea Investment Management AB now owns 1,118,333 shares of the real estate investment trust’s stock worth $104,072,000 after acquiring an additional 523,656 shares during the period. Public Employees Retirement System of Ohio lifted its position in Welltower by 7.7% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,019,796 shares of the real estate investment trust’s stock worth $91,955,000 after acquiring an additional 72,968 shares during the period. Finally, Centersquare Investment Management LLC lifted its position in Welltower by 19.0% during 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. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Price Performance

Shares of Welltower stock opened at $125.27 on Friday. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.47. Welltower Inc. has a twelve month low of $78.38 and a twelve month high of $131.31. The business has a 50-day moving average price of $117.54 and a 200 day moving average price of $104.68. The firm has a market cap of $74.90 billion, a PE ratio of 154.65, a P/E/G ratio of 2.97 and a beta of 1.21.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share 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 analyst estimates of $1.89 billion. During the same quarter in the previous year, the business earned $0.90 EPS. Welltower’s revenue for the quarter was up 9.6% compared to the same quarter last year. Sell-side analysts predict that Welltower Inc. will post 4.19 earnings per share for the current fiscal year.

Welltower Increases Dividend

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

Analyst Ratings Changes

A number of brokerages have commented on WELL. Evercore ISI lifted their price target on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Wolfe Research raised Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Wells Fargo & Company lifted 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. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research report on Saturday, August 3rd. Finally, Royal Bank of Canada boosted their price objective on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. Four investment 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. According to data from MarketBeat, the company currently has an average 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.