Welltower Inc. (NYSE:WELL) Shares Purchased by Graypoint LLC

Graypoint LLC grew its holdings in shares of Welltower Inc. (NYSE:WELL) by 11.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 3,007 shares of the real estate investment trust’s stock after acquiring an additional 320 shares during the quarter. Graypoint LLC’s holdings in Welltower were worth $313,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. TruNorth Capital Management LLC acquired a new position in shares of Welltower during the second quarter valued at approximately $27,000. Rise Advisors LLC bought a new position in Welltower during the 1st quarter valued at $27,000. Centerpoint Advisors LLC acquired a new position in shares of Welltower during the 2nd quarter valued at $31,000. Manchester Capital Management LLC raised its stake in shares of Welltower by 338.7% in the 1st quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 254 shares in the last quarter. Finally, Scarborough Advisors LLC acquired a new stake in shares of Welltower in the fourth quarter valued at $35,000. Institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on WELL shares. Wolfe Research raised Welltower to a “strong-buy” rating in a report on Friday, August 9th. 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 report on Friday, August 9th. Mizuho raised their target price on shares of Welltower from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Scotiabank upped their price target on Welltower from $116.00 to $121.00 and gave the company a “sector outperform” rating in a report on Wednesday, August 7th. Finally, StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $109.58.

Welltower Trading Up 0.1 %

NYSE WELL opened at $120.68 on Tuesday. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.47. Welltower Inc. has a 1-year low of $78.38 and a 1-year high of $121.70. The firm’s fifty day simple moving average is $111.27 and its 200-day simple moving average is $101.42. The company has a market capitalization of $73.51 billion, a PE ratio of 148.99, a price-to-earnings-growth ratio of 2.79 and a beta of 1.18.

Welltower (NYSE:WELL) last issued its earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.08. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.89 billion. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The business’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.90 EPS. As a group, sell-side analysts anticipate that Welltower Inc. will post 4.19 earnings per share for the current fiscal year.

Welltower Increases Dividend

The firm 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. The ex-dividend date was Monday, August 12th. This is a boost from Welltower’s previous quarterly dividend of $0.61. This represents a $2.68 dividend on an annualized basis and a yield of 2.22%. Welltower’s payout ratio is 330.86%.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.