Brookstone Capital Management Increases Stock Position in Welltower Inc. (NYSE:WELL)

Brookstone Capital Management grew its stake in shares of Welltower Inc. (NYSE:WELLGet Rating) by 1.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,358 shares of the real estate investment trust’s stock after acquiring an additional 189 shares during the quarter. Brookstone Capital Management’s holdings in Welltower were worth $1,097,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in WELL. Vanguard Group Inc. lifted its stake in shares of Welltower by 4.2% in the 1st quarter. Vanguard Group Inc. now owns 71,733,837 shares of the real estate investment trust’s stock worth $6,896,491,000 after purchasing an additional 2,912,151 shares during the period. BlackRock Inc. lifted its stake in shares of Welltower by 8.1% in the 4th quarter. BlackRock Inc. now owns 47,651,136 shares of the real estate investment trust’s stock worth $4,087,042,000 after purchasing an additional 3,564,148 shares during the period. Cohen & Steers Inc. raised its stake in Welltower by 2.2% during the 1st quarter. Cohen & Steers Inc. now owns 35,199,497 shares of the real estate investment trust’s stock worth $3,384,634,000 after acquiring an additional 766,616 shares during the period. State Street Corp raised its stake in Welltower by 9.2% during the 1st quarter. State Street Corp now owns 30,173,175 shares of the real estate investment trust’s stock worth $2,900,849,000 after acquiring an additional 2,554,309 shares during the period. Finally, Norges Bank bought a new stake in Welltower during the 4th quarter worth approximately $1,334,568,000. Hedge funds and other institutional investors own 97.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on WELL. StockNews.com cut shares of Welltower from a “hold” rating to a “sell” rating in a research note on Saturday, July 23rd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Welltower from $100.00 to $93.00 and set a “buy” rating on the stock in a research report on Friday, September 16th. Mizuho reduced their price objective on shares of Welltower from $96.00 to $93.00 and set a “buy” rating on the stock in a research report on Friday, July 1st. KeyCorp reduced their price objective on shares of Welltower from $98.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, July 7th. Finally, Sumitomo Mitsui Financial Group cut shares of Welltower from an “outperform” rating to a “neutral” rating and set a $84.00 price objective on the stock. in a research report on Thursday, August 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.79.

Welltower Stock Down 0.8 %

Shares of WELL opened at $68.99 on Thursday. The firm has a market capitalization of $31.32 billion, a P/E ratio of 77.52, a P/E/G ratio of 3.64 and a beta of 0.98. Welltower Inc. has a 12-month low of $68.97 and a 12-month high of $99.43. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.77. The firm has a fifty day moving average price of $79.26 and a 200-day moving average price of $85.67.

Welltower (NYSE:WELLGet Rating) last released its quarterly earnings data on Tuesday, August 9th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.65). The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.42 billion. Welltower had a net margin of 7.20% and a return on equity of 2.09%. The business’s revenue was up 29.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.79 earnings per share. Equities research analysts expect that Welltower Inc. will post 3.42 earnings per share for the current year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Tuesday, August 23rd were issued a $0.61 dividend. The ex-dividend date was Monday, August 22nd. This represents a $2.44 dividend on an annualized basis and a yield of 3.54%. Welltower’s dividend payout ratio is presently 274.16%.

About Welltower

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Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company 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.

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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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