Welltower Inc. (NYSE:WELL) Stake Increased by Quarry LP

Quarry LP boosted its stake in Welltower Inc. (NYSE:WELL) by 198.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,710 shares of the real estate investment trust’s stock after acquiring an additional 1,137 shares during the period. Quarry LP’s holdings in Welltower were worth $178,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. RDA Financial Network grew its stake in Welltower by 0.6% in the second quarter. RDA Financial Network now owns 16,161 shares of the real estate investment trust’s stock worth $1,685,000 after purchasing an additional 104 shares in the last quarter. Trueblood Wealth Management LLC grew its stake in Welltower by 1.2% during the 1st quarter. Trueblood Wealth Management LLC now owns 9,061 shares of the real estate investment trust’s stock worth $847,000 after buying an additional 109 shares during the last quarter. Simplicity Wealth LLC increased its holdings in shares of Welltower by 0.9% in the 2nd quarter. Simplicity Wealth LLC now owns 12,155 shares of the real estate investment trust’s stock worth $1,267,000 after acquiring an additional 113 shares during the period. Graypoint LLC increased its stake in shares of Welltower by 4.8% in the first quarter. Graypoint LLC now owns 2,687 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 122 shares during the period. Finally, Lake Street Advisors Group LLC increased its position in Welltower by 3.1% in the 2nd quarter. Lake Street Advisors Group LLC now owns 4,057 shares of the real estate investment trust’s stock valued at $423,000 after acquiring an additional 122 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WELL. Royal Bank of Canada upped their price target on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. KeyCorp raised their target price on shares of Welltower from $95.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, July 2nd. Wedbush boosted their price target on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Evercore ISI upped their price target on shares of Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Finally, Scotiabank lifted their price objective on shares of Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a research report on Monday, September 23rd. 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’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $113.38.

Welltower Stock Performance

WELL opened at $128.00 on Tuesday. 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 stock’s 50 day moving average price is $120.08 and its two-hundred day moving average price is $106.27. The firm has a market capitalization of $76.53 billion, a P/E ratio of 158.02, a price-to-earnings-growth 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 announced its earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.89 billion. Welltower had a net margin of 8.36% and a return on equity of 2.21%. Welltower’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.90 earnings per share. On average, equities analysts forecast that Welltower Inc. will post 4.19 earnings per share for the current year.

Welltower Increases Dividend

The firm also recently declared 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. The ex-dividend date was Monday, August 12th. This represents a $2.68 dividend on an annualized basis and a yield of 2.09%. This is an increase from Welltower’s previous quarterly dividend of $0.61. Welltower’s payout ratio is currently 330.86%.

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.