1,590 Shares in Welltower Inc. (NYSE:WELL) Acquired by Regent Peak Wealth Advisors LLC

Regent Peak Wealth Advisors LLC bought a new stake in Welltower Inc. (NYSE:WELL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,590 shares of the real estate investment trust’s stock, valued at approximately $204,000.

A number of other institutional investors have also recently added to or reduced their stakes in WELL. Vanguard Group Inc. boosted its stake in shares of Welltower by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 89,187,884 shares of the real estate investment trust’s stock worth $8,333,716,000 after acquiring an additional 3,257,213 shares in the last quarter. Capital International Investors boosted its position 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 worth $2,731,842,000 after purchasing an additional 6,104,064 shares during the period. Dimensional Fund Advisors LP grew its holdings in Welltower by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 7,814,741 shares of the real estate investment trust’s stock valued at $814,678,000 after purchasing an additional 62,942 shares during the last quarter. Centersquare Investment Management LLC raised its position in shares of Welltower by 19.0% in the first quarter. Centersquare Investment Management LLC now owns 5,329,248 shares of the real estate investment trust’s stock valued at $507,771,000 after purchasing an additional 849,898 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of Welltower by 12.4% in the first quarter. Russell Investments Group Ltd. now owns 4,433,816 shares of the real estate investment trust’s stock worth $414,229,000 after buying an additional 489,533 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Stock Performance

Shares of NYSE WELL traded up $0.50 during trading hours on Wednesday, reaching $129.75. The stock had a trading volume of 492,211 shares, compared to its average volume of 2,698,781. The company has a market cap of $77.58 billion, a price-to-earnings ratio of 159.57, a PEG ratio of 2.87 and a beta of 1.21. Welltower Inc. has a twelve month low of $80.80 and a twelve month high of $131.31. The business’s fifty day moving average is $123.31 and its two-hundred day moving average is $108.86. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.07 and a quick ratio of 4.07.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 prior year, the company posted $0.90 EPS. The business’s revenue was up 9.6% on a year-over-year basis. As a group, research analysts expect that Welltower Inc. will post 4.19 EPS for the current year.

Welltower Increases Dividend

The business also recently disclosed 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. This represents a $2.68 dividend on an annualized basis and a yield of 2.07%. This is an increase from Welltower’s previous quarterly dividend of $0.61. The ex-dividend date was Monday, August 12th. Welltower’s payout ratio is presently 330.86%.

Wall Street Analysts Forecast Growth

WELL has been the topic of a number of research analyst reports. Wedbush raised their target price 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. KeyCorp raised their price target on Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, July 2nd. Royal Bank of Canada boosted their price objective on Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Friday, August 9th. StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a report on Monday, October 7th. Finally, Wolfe Research raised Welltower to a “strong-buy” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $115.38.

About Welltower

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.