Creative Planning Buys 7,329 Shares of Welltower Inc. (NYSE:WELL)

Creative Planning grew its stake in shares of Welltower Inc. (NYSE:WELL) by 4.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 161,395 shares of the real estate investment trust’s stock after buying an additional 7,329 shares during the period. Creative Planning’s holdings in Welltower were worth $16,825,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. First Foundation Advisors bought a new stake in Welltower in the 2nd quarter valued at approximately $26,000. Rise Advisors LLC bought a new position in shares of Welltower during the 1st quarter worth approximately $27,000. TruNorth Capital Management LLC acquired a new position in shares of Welltower in the second quarter valued at $27,000. Meeder Asset Management Inc. acquired a new stake in shares of Welltower during the 2nd quarter worth about $30,000. Finally, Manchester Capital Management LLC boosted its holdings in shares of Welltower by 338.7% during the first quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 254 shares during the period. Institutional investors own 94.80% of the company’s stock.

Welltower Trading Up 0.6 %

Shares of Welltower stock opened at $128.00 on Tuesday. The company’s 50-day moving average price is $120.08 and its 200-day moving average price is $106.27. 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 company has a market cap of $76.53 billion, a price-to-earnings ratio of 158.02, a PEG ratio of 2.97 and a beta of 1.21. Welltower Inc. has a 12-month low of $78.38 and a 12-month high of $131.31.

Welltower (NYSE:WELL) last released its earnings results on Monday, July 29th. The real estate investment trust reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.08. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.90 earnings per share. On average, equities analysts expect that Welltower Inc. will post 4.19 earnings per share for the current fiscal year.

Welltower Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th were issued a dividend of $0.67 per share. This is a positive change from Welltower’s previous quarterly dividend of $0.61. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date was Monday, August 12th. Welltower’s dividend payout ratio is currently 330.86%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on WELL shares. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research report on Saturday, August 3rd. KeyCorp boosted their price target on Welltower from $95.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, July 2nd. Wedbush raised their price target on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Wolfe Research raised Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Finally, Morgan Stanley increased their price target on Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $113.38.

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.