Legacy Financial Advisors Inc. Purchases 274 Shares of Welltower Inc. (NYSE:WELL)

Legacy Financial Advisors Inc. lifted its position in Welltower Inc. (NYSE:WELL) by 11.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,585 shares of the real estate investment trust’s stock after purchasing an additional 274 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Welltower were worth $269,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in WELL. Capital International Investors boosted its holdings in Welltower by 26.4% during the first quarter. Capital International Investors now owns 29,236,326 shares of the real estate investment trust’s stock valued at $2,731,842,000 after purchasing an additional 6,104,064 shares in the last quarter. Vanguard Group Inc. grew its position in Welltower by 6.4% in the fourth quarter. Vanguard Group Inc. now owns 85,930,671 shares of the real estate investment trust’s stock valued at $7,748,369,000 after acquiring an additional 5,173,079 shares during the period. Zimmer Partners LP bought a new stake in Welltower in the first quarter valued at $309,917,000. Centersquare Investment Management LLC raised its stake in Welltower by 19.0% during the first 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 in the last quarter. Finally, Swedbank AB bought a new position in shares of Welltower during the first quarter valued at $66,905,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on WELL shares. Scotiabank increased their target price on shares of Welltower from $116.00 to $121.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, August 7th. Royal Bank of Canada raised their price objective on shares of Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a report on Friday, August 9th. Wells Fargo & Company boosted their target price on Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. Wolfe Research raised Welltower to a “strong-buy” rating in a report on Friday, August 9th. Finally, Evercore ISI boosted their price objective on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $112.38.

Welltower Stock Down 0.1 %

Shares of NYSE 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 firm has a market capitalization of $74.90 billion, a PE ratio of 154.65, a price-to-earnings-growth ratio of 2.97 and a beta of 1.21. The firm’s 50-day moving average is $117.54 and its 200-day moving average is $104.68. Welltower Inc. has a 1 year low of $78.38 and a 1 year high of $131.31.

Welltower (NYSE:WELL) last issued its earnings results on Monday, July 29th. The real estate investment trust reported $0.42 EPS for the quarter, beating the consensus estimate of $0.34 by $0.08. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the company posted $0.90 EPS. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities analysts expect that Welltower Inc. will post 4.19 EPS for the current year.

Welltower Increases Dividend

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

About Welltower

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.