Pathway Financial Advisers LLC Makes New $77,000 Investment in Welltower Inc. (NYSE:WELL)

Pathway Financial Advisers LLC purchased a new stake in Welltower Inc. (NYSE:WELL) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 818 shares of the real estate investment trust’s stock, valued at approximately $77,000.

A number of other institutional investors and hedge funds have also modified their holdings of WELL. Trueblood Wealth Management LLC grew its position in Welltower by 1.2% in the 1st quarter. Trueblood Wealth Management LLC now owns 9,061 shares of the real estate investment trust’s stock worth $847,000 after purchasing an additional 109 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of Welltower by 21.2% in the 4th quarter. First Horizon Advisors Inc. now owns 691 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 121 shares during the period. Graypoint LLC grew its holdings in shares of Welltower by 4.8% during the 1st quarter. Graypoint LLC now owns 2,687 shares of the real estate investment trust’s stock worth $251,000 after purchasing an additional 122 shares in the last quarter. Wedmont Private Capital increased its position in shares of Welltower by 2.4% during the first quarter. Wedmont Private Capital now owns 5,156 shares of the real estate investment trust’s stock valued at $474,000 after purchasing an additional 123 shares during the period. Finally, HBK Sorce Advisory LLC boosted its position in shares of Welltower by 4.5% during the 1st quarter. HBK Sorce Advisory LLC now owns 2,871 shares of the real estate investment trust’s stock valued at $268,000 after acquiring an additional 124 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WELL. Scotiabank increased their price target on Welltower from $96.00 to $108.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 16th. Morgan Stanley raised their target price on Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research note on Thursday, July 11th. KeyCorp upped their price target on shares of Welltower from $95.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 2nd. Mizuho upped their target price on shares of Welltower from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Finally, Wells Fargo & Company raised their price target on shares of Welltower from $107.00 to $111.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $102.04.

Welltower Stock Performance

NYSE:WELL traded up $0.37 during mid-day trading on Friday, hitting $112.76. 2,827,096 shares of the stock were exchanged, compared to its average volume of 2,629,856. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.83 and a current ratio of 4.07. The firm’s 50-day simple moving average is $105.32 and its 200 day simple moving average is $97.00. Welltower Inc. has a fifty-two week low of $78.38 and a fifty-two week high of $115.33. The stock has a market capitalization of $68.69 billion, a price-to-earnings ratio of 139.21, a price-to-earnings-growth ratio of 2.74 and a beta of 1.18.

Welltower (NYSE:WELL) last issued its quarterly 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 the consensus estimate of $1.89 billion. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.90 earnings per share. As a group, equities analysts anticipate that Welltower Inc. will post 4.16 EPS for the current fiscal year.

Welltower Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.38%. This is a boost from Welltower’s previous quarterly dividend of $0.61. Welltower’s dividend payout ratio is 301.23%.

Insider Activity

In other Welltower news, Director Kenneth J. Bacon sold 1,800 shares of Welltower stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $103.91, for a total transaction of $187,038.00. Following the transaction, the director now directly owns 14,579 shares of the company’s stock, valued at approximately $1,514,903.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.12% of the stock is currently owned by corporate insiders.

Welltower 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.