Ieq Capital LLC Buys 2,261 Shares of Welltower Inc. (NYSE:WELL)

Ieq Capital LLC lifted its stake in shares of Welltower Inc. (NYSE:WELL) by 12.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,553 shares of the real estate investment trust’s stock after acquiring an additional 2,261 shares during the quarter. Ieq Capital LLC’s holdings in Welltower were worth $2,143,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in WELL. Brighton Jones LLC boosted its holdings in shares of Welltower by 33.5% during the 2nd quarter. Brighton Jones LLC now owns 3,910 shares of the real estate investment trust’s stock worth $408,000 after buying an additional 982 shares during the period. Intech Investment Management LLC grew its position in shares of Welltower by 36.7% in the second quarter. Intech Investment Management LLC now owns 30,485 shares of the real estate investment trust’s stock valued at $3,178,000 after purchasing an additional 8,191 shares during the last quarter. XTX Topco Ltd increased its stake in shares of Welltower by 132.8% in the second quarter. XTX Topco Ltd now owns 24,135 shares of the real estate investment trust’s stock worth $2,516,000 after purchasing an additional 13,767 shares during the period. Kentucky Retirement Systems lifted its position in shares of Welltower by 7.2% during the 2nd quarter. Kentucky Retirement Systems now owns 45,057 shares of the real estate investment trust’s stock worth $4,697,000 after purchasing an additional 3,025 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co boosted its stake in Welltower by 10.3% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 55,713 shares of the real estate investment trust’s stock valued at $5,808,000 after purchasing an additional 5,223 shares during the period. 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 company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.47. The stock has a market cap of $74.90 billion, a PE ratio of 154.65, a PEG ratio of 2.97 and a beta of 1.21. Welltower Inc. has a 1 year low of $78.38 and a 1 year high of $131.31. The stock has a 50 day simple moving average of $117.54 and a 200-day simple moving average of $104.68.

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 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 company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period last year, the business earned $0.90 earnings per share. The business’s revenue was up 9.6% on a year-over-year basis. On average, sell-side analysts predict that Welltower Inc. will post 4.19 EPS for the current fiscal year.

Welltower Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.14%. This is a boost from Welltower’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Monday, August 12th. Welltower’s dividend payout ratio is currently 330.86%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. KeyCorp increased their price objective on Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, July 2nd. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research report on Saturday, August 3rd. Wedbush upped their price objective on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Wells Fargo & Company lifted their target price on Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Welltower has a consensus rating of “Moderate Buy” and an average price target 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.