Creative Planning Increases Stock Position in Welltower Inc. (NYSE:WELL)

Creative Planning lifted its position in shares of Welltower Inc. (NYSE:WELL) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,077 shares of the real estate investment trust’s stock after acquiring an additional 3,682 shares during the quarter. Creative Planning’s holdings in Welltower were worth $21,135,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of WELL. First Foundation Advisors purchased a new stake in shares of Welltower during the 2nd quarter worth approximately $26,000. TruNorth Capital Management LLC purchased a new stake in shares of Welltower during the 2nd quarter worth approximately $27,000. Meeder Asset Management Inc. purchased a new stake in shares of Welltower during the 2nd quarter worth approximately $30,000. Manchester Capital Management LLC boosted its stake in shares of Welltower by 338.7% during the 1st 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 in the last quarter. Finally, Centerpoint Advisors LLC purchased a new stake in shares of Welltower during the 2nd quarter worth approximately $31,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Trading Up 1.1 %

WELL stock opened at $132.24 on Monday. The company has a market cap of $79.07 billion, a price-to-earnings ratio of 163.26, a PEG ratio of 2.87 and a beta of 1.21. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $124.22 and a 200-day simple moving average of $109.70. Welltower Inc. has a 52 week low of $80.80 and a 52 week high of $132.27.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.89 billion. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.90 EPS. On average, equities research analysts expect that Welltower Inc. will post 4.19 EPS for the current 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 given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 2.03%. 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 330.86%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on WELL shares. Evercore ISI boosted their price target on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. StockNews.com downgraded Welltower from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. Wedbush lifted their price objective on Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Finally, Scotiabank boosted their price target on Welltower from $121.00 to $133.00 and gave the company a “sector outperform” rating in a report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $115.38.

Welltower Profile

Welltower Inc (NYSE:WELL), a real estate investment trust (“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 infrastructure needed to scale innovative care delivery models and improve people’s wellness and overall health care experience.