EP Wealth Advisors LLC Takes $236,000 Position in Welltower Inc. (NYSE:WELL)

EP Wealth Advisors LLC purchased a new position in shares of Welltower Inc. (NYSE:WELL) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,494 shares of the real estate investment trust’s stock, valued at approximately $236,000.

Other large investors have also modified their holdings of the company. Level Four Advisory Services LLC grew its stake in Welltower by 35.1% during the 1st quarter. Level Four Advisory Services LLC now owns 8,083 shares of the real estate investment trust’s stock valued at $580,000 after acquiring an additional 2,099 shares in the last quarter. Toroso Investments LLC lifted its position in Welltower by 5.0% during the first quarter. Toroso Investments LLC now owns 16,923 shares of the real estate investment trust’s stock worth $1,213,000 after buying an additional 813 shares in the last quarter. Titleist Asset Management LLC purchased a new position in Welltower during the first quarter worth approximately $221,000. Border to Coast Pensions Partnership Ltd grew its holdings in Welltower by 12.6% in the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 671,589 shares of the real estate investment trust’s stock valued at $48,146,000 after buying an additional 75,000 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Welltower by 3.0% in the 1st quarter. JPMorgan Chase & Co. now owns 5,023,673 shares of the real estate investment trust’s stock worth $360,147,000 after acquiring an additional 144,681 shares during the last quarter. Hedge funds and other institutional investors own 91.61% of the company’s stock.

Welltower Price Performance

WELL stock opened at $84.80 on Tuesday. The business’s fifty day moving average price is $82.28 and its 200 day moving average price is $77.98. Welltower Inc. has a 12-month low of $56.50 and a 12-month high of $86.39. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $43.99 billion, a PE ratio of 368.71, a P/E/G ratio of 3.03 and a beta of 1.05.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Tuesday, August 15th were paid a dividend of $0.61 per share. The ex-dividend date was Monday, August 14th. This represents a $2.44 dividend on an annualized basis and a yield of 2.88%. Welltower’s dividend payout ratio (DPR) is presently 1,060.92%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Robert W. Baird boosted their price target on shares of Welltower from $80.00 to $84.00 and gave the company a “neutral” rating in a research report on Thursday, September 14th. Barclays increased their price target on shares of Welltower from $82.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, August 2nd. Mizuho lifted their price target on shares of Welltower from $86.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, September 14th. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research report on Monday, September 11th. Finally, Raymond James cut Welltower from a “strong-buy” rating to an “outperform” rating and raised their target price for the stock from $82.00 to $90.00 in a research note on Friday, June 23rd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Welltower presently has an average rating of “Moderate Buy” and a consensus target price of $85.25.

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.