Cahill Financial Advisors Inc. Buys New Shares in Welltower Inc. (NYSE:WELL)

Cahill Financial Advisors Inc. acquired a new position in shares of Welltower Inc. (NYSE:WELL) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 1,822 shares of the real estate investment trust’s stock, valued at approximately $233,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. First Foundation Advisors bought a new position in Welltower during the second quarter worth about $26,000. TruNorth Capital Management LLC acquired a new stake in shares of Welltower in the second quarter valued at about $27,000. Meeder Asset Management Inc. acquired a new position in Welltower during the second quarter worth $30,000. Fortitude Family Office LLC lifted its position in shares of Welltower by 37.0% in the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 78 shares during the last quarter. Finally, Centerpoint Advisors LLC acquired a new position in Welltower in the 2nd quarter valued at about $31,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Scotiabank boosted their price target on Welltower from $121.00 to $133.00 and gave the company a “sector outperform” rating in a research note on Monday, September 23rd. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Wolfe Research raised Welltower to a “strong-buy” rating in a report on Friday, August 9th. Evercore ISI boosted their target price 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, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $135.00 price target (up previously from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $116.68.

Welltower Price Performance

WELL stock opened at $137.91 on Monday. Welltower Inc. has a 52-week low of $85.40 and a 52-week high of $140.19. The firm has a market capitalization of $85.88 billion, a price-to-earnings ratio of 90.73, a PEG ratio of 3.09 and a beta of 1.20. The firm has a 50 day moving average price of $131.10 and a 200-day moving average price of $117.11. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The company had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the previous year, the business earned $0.92 EPS. The business’s revenue was up 23.7% compared to the same quarter last year. Equities research analysts forecast that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were given a dividend of $0.67 per share. The ex-dividend date was Wednesday, November 13th. This represents a $2.68 annualized dividend and a yield of 1.94%. Welltower’s dividend payout ratio (DPR) is 176.32%.

Welltower Profile

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.