Wealthcare Advisory Partners LLC Makes New Investment in Welltower Inc. (NYSE:WELL)

Wealthcare Advisory Partners LLC bought a new position in shares of Welltower Inc. (NYSE:WELL) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,500 shares of the real estate investment trust’s stock, valued at approximately $230,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in shares of Welltower by 7.1% during the 4th quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust’s stock worth $527,000 after buying an additional 279 shares in the last quarter. Empowered Funds LLC increased its holdings in Welltower by 11.2% in the 4th quarter. Empowered Funds LLC now owns 11,226 shares of the real estate investment trust’s stock worth $1,415,000 after purchasing an additional 1,132 shares in the last quarter. Savant Capital LLC increased its holdings in Welltower by 45.9% in the 4th quarter. Savant Capital LLC now owns 8,971 shares of the real estate investment trust’s stock worth $1,131,000 after purchasing an additional 2,823 shares in the last quarter. Focus Financial Network Inc. increased its holdings in Welltower by 12.4% in the 4th quarter. Focus Financial Network Inc. now owns 1,863 shares of the real estate investment trust’s stock worth $235,000 after purchasing an additional 206 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in Welltower by 0.4% in the 4th quarter. Van ECK Associates Corp now owns 280,340 shares of the real estate investment trust’s stock worth $35,331,000 after purchasing an additional 982 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WELL. Bank of America increased their price target on Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Royal Bank of Canada raised Welltower from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Morgan Stanley upped their target price on Welltower from $155.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, May 6th. Mizuho upped their target price on Welltower from $141.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, March 18th. Finally, Wedbush restated an “underperform” rating on shares of Welltower in a research report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Welltower has an average rating of “Moderate Buy” and a consensus price target of $163.25.

Welltower Price Performance

NYSE WELL opened at $152.22 on Friday. The company has a market capitalization of $99.54 billion, a PE ratio of 97.58, a price-to-earnings-growth ratio of 2.87 and a beta of 0.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. The business’s fifty day moving average is $148.67 and its 200 day moving average is $142.32. Welltower Inc. has a fifty-two week low of $100.13 and a fifty-two week high of $158.55.

Welltower (NYSE:WELL) last announced 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. Welltower had a return on equity of 3.15% and a net margin of 11.91%. The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the previous year, the business earned $1.01 earnings per share. The business’s revenue was up 30.3% on a year-over-year basis. Sell-side analysts predict that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th were paid a dividend of $0.67 per share. The ex-dividend date was Wednesday, May 14th. This represents a $2.68 annualized dividend and a yield of 1.76%. Welltower’s payout ratio is currently 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.