Welltower Inc. (NYSE:WELL) Shares Purchased by Summit Trail Advisors LLC

Summit Trail Advisors LLC boosted its stake in Welltower Inc. (NYSE:WELL) by 24.6% in the 3rd quarter, Holdings Channel reports. The firm owned 3,443 shares of the real estate investment trust’s stock after purchasing an additional 679 shares during the period. Summit Trail Advisors LLC’s holdings in Welltower were worth $441,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Fortitude Family Office LLC increased its holdings in Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 78 shares during the last quarter. Old North State Wealth Management LLC increased its holdings in Welltower by 0.6% in the 3rd quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust’s stock valued at $1,648,000 after purchasing an additional 78 shares during the last quarter. Frank Rimerman Advisors LLC increased its holdings in Welltower by 0.9% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 9,617 shares of the real estate investment trust’s stock valued at $1,231,000 after purchasing an additional 82 shares during the last quarter. Valeo Financial Advisors LLC increased its holdings in Welltower by 2.6% in the 3rd quarter. Valeo Financial Advisors LLC now owns 3,668 shares of the real estate investment trust’s stock valued at $470,000 after purchasing an additional 94 shares during the last quarter. Finally, GHP Investment Advisors Inc. increased its holdings in Welltower by 14.1% in the 3rd quarter. GHP Investment Advisors Inc. now owns 775 shares of the real estate investment trust’s stock valued at $99,000 after purchasing an additional 96 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on WELL. Wells Fargo & Company restated an “equal weight” rating and issued a $135.00 price target (up previously from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Scotiabank boosted their price target on shares of Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a research note on Monday. Wolfe Research upgraded shares of Welltower to a “strong-buy” rating in a research note on Friday, August 9th. Wedbush boosted their price target on shares of Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Finally, Evercore ISI boosted their price target on shares of Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $117.50.

Welltower Price Performance

Welltower stock opened at $138.96 on Wednesday. The stock has a market cap of $86.53 billion, a P/E ratio of 91.42, a price-to-earnings-growth ratio of 3.09 and a beta of 1.20. The company has a fifty day simple moving average of $131.47 and a 200-day simple moving average of $117.65. Welltower Inc. has a 12-month low of $85.40 and a 12-month high of $140.19. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.31). The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. Welltower’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period last year, the firm posted $0.92 earnings per share. Equities analysts expect that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were given a $0.67 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a yield of 1.93%. Welltower’s dividend payout ratio (DPR) is presently 176.32%.

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.