NBC Securities Inc. Buys Shares of 860 Welltower Inc. (NYSE:WELL)

NBC Securities Inc. bought a new stake in Welltower Inc. (NYSE:WELL) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 860 shares of the real estate investment trust’s stock, valued at approximately $131,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WELL. Brighton Jones LLC boosted its stake in shares of Welltower by 7.1% during the fourth quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust’s stock valued at $527,000 after purchasing an additional 279 shares in the last quarter. Financial Advocates Investment Management boosted its stake in shares of Welltower by 10.0% during the fourth quarter. Financial Advocates Investment Management now owns 3,032 shares of the real estate investment trust’s stock valued at $382,000 after purchasing an additional 276 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Welltower during the fourth quarter valued at about $85,000. Apollon Wealth Management LLC boosted its stake in shares of Welltower by 17.6% during the fourth quarter. Apollon Wealth Management LLC now owns 4,847 shares of the real estate investment trust’s stock valued at $611,000 after purchasing an additional 724 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its stake in shares of Welltower by 15.2% during the fourth quarter. Kingsview Wealth Management LLC now owns 5,720 shares of the real estate investment trust’s stock valued at $721,000 after purchasing an additional 754 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WELL. Scotiabank lifted their price target on Welltower from $165.00 to $166.00 and gave the company a “sector outperform” rating in a research note on Thursday, March 6th. Wall Street Zen lowered Welltower from a “hold” rating to a “sell” rating in a research note on Thursday, May 8th. Mizuho lifted their price objective on Welltower from $141.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 18th. Wells Fargo & Company lifted their price objective on Welltower from $158.00 to $175.00 and gave the stock an “overweight” rating in a research note on Monday, June 2nd. Finally, Morgan Stanley lifted their price objective on Welltower from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Welltower currently has an average rating of “Moderate Buy” and a consensus price target of $163.25.

Welltower Trading Down 2.8%

Shares of WELL stock opened at $150.19 on Tuesday. The company has a market cap of $98.22 billion, a P/E ratio of 96.28, a PEG ratio of 2.87 and a beta of 0.94. The stock has a 50 day simple moving average of $147.98 and a two-hundred day simple moving average of $141.98. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. Welltower Inc. has a fifty-two week low of $100.13 and a fifty-two week high of $158.55.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, beating the consensus estimate of $1.15 by $0.05. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.40 billion. Welltower had a return on equity of 3.15% and a net margin of 11.91%. The company’s quarterly revenue was up 30.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.01 earnings per share. Research analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $2.68 annualized dividend and a dividend yield of 1.78%. Welltower’s dividend payout ratio is 154.02%.

Welltower Company 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.