Transform Wealth LLC Purchases 9,215 Shares of Welltower Inc. (NYSE:WELL)

Transform Wealth LLC increased its position in shares of Welltower Inc. (NYSE:WELL) by 11.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 90,078 shares of the real estate investment trust’s stock after buying an additional 9,215 shares during the period. Transform Wealth LLC’s holdings in Welltower were worth $11,533,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Connors Investor Services Inc. increased its stake in Welltower by 10.6% in the first quarter. Connors Investor Services Inc. now owns 117,715 shares of the real estate investment trust’s stock valued at $10,999,000 after purchasing an additional 11,238 shares in the last quarter. Nordea Investment Management AB increased its stake in Welltower by 88.1% in the first quarter. Nordea Investment Management AB now owns 1,118,333 shares of the real estate investment trust’s stock valued at $104,072,000 after purchasing an additional 523,656 shares in the last quarter. Centersquare Investment Management LLC increased its stake in 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 in the last quarter. Intech Investment Management LLC increased its position in shares of Welltower by 147.9% during the first quarter. Intech Investment Management LLC now owns 22,294 shares of the real estate investment trust’s stock worth $2,083,000 after acquiring an additional 13,300 shares in the last quarter. Finally, Burke & Herbert Bank & Trust Co. bought a new stake in shares of Welltower during the second quarter worth about $674,000. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Performance

WELL traded up $0.47 during midday trading on Wednesday, reaching $129.72. The company had a trading volume of 406,063 shares, compared to its average volume of 2,698,350. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.07 and a current ratio of 4.07. The stock has a market cap of $77.56 billion, a PE ratio of 159.57, a P/E/G ratio of 2.87 and a beta of 1.21. Welltower Inc. has a 12-month low of $80.80 and a 12-month high of $131.31. The business has a 50-day moving average price of $123.31 and a two-hundred day moving average price of $108.86.

Welltower (NYSE:WELL) last released its earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.08. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.90 earnings per share. On average, sell-side analysts expect that Welltower Inc. will post 4.19 earnings per share for the current fiscal 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 paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 2.07%. 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 payout ratio is presently 330.86%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WELL. KeyCorp boosted their target price 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. Evercore ISI boosted their target price on shares of Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Wolfe Research raised shares of Welltower to a “strong-buy” rating in a research report on Friday, August 9th. StockNews.com downgraded shares of Welltower from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. Finally, Royal Bank of Canada boosted their target price on shares of Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.