184 Shares in Welltower Inc. (NYSE:WELL) Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. bought a new stake in shares of Welltower Inc. (NYSE:WELL) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 184 shares of the real estate investment trust’s stock, valued at approximately $28,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Roxbury Financial LLC acquired a new position in shares of Welltower in the fourth quarter valued at approximately $26,000. Franchise Capital Ltd purchased a new position in Welltower in the 1st quarter valued at approximately $32,000. Sierra Ocean LLC acquired a new position in shares of Welltower in the fourth quarter worth $28,000. Versant Capital Management Inc grew its stake in shares of Welltower by 27.0% in the first quarter. Versant Capital Management Inc now owns 381 shares of the real estate investment trust’s stock worth $58,000 after acquiring an additional 81 shares in the last quarter. Finally, First Command Advisory Services Inc. purchased a new stake in shares of Welltower during the fourth quarter worth $50,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on WELL shares. Royal Bank of Canada upgraded Welltower from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $146.00 to $168.00 in a report on Friday, February 28th. Mizuho lifted their price objective on Welltower from $141.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, March 18th. Morgan Stanley upped their target price on shares of Welltower from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 6th. Evercore ISI lifted their price target on shares of Welltower from $145.00 to $157.00 and gave the stock an “in-line” rating in a research note on Thursday, May 1st. Finally, Scotiabank boosted their price target on shares of Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a report on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $163.25.

Welltower Stock Performance

NYSE WELL opened at $150.58 on Tuesday. The company has a fifty day moving average of $148.95 and a two-hundred day moving average of $142.42. The company has a market capitalization of $98.47 billion, a PE ratio of 96.53, a P/E/G ratio of 2.87 and a beta of 0.94. Welltower Inc. has a 1 year low of $100.13 and a 1 year high of $158.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22.

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

Welltower Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th were given 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 yield of 1.78%. 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.