Pathway Financial Advisers LLC Makes New $77,000 Investment in Welltower Inc. (NYSE:WELL)

Pathway Financial Advisers LLC purchased a new position in Welltower Inc. (NYSE:WELL) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 818 shares of the real estate investment trust’s stock, valued at approximately $77,000.

Other hedge funds also recently bought and sold shares of the company. Trueblood Wealth Management LLC raised its stake in shares of Welltower by 1.2% during the 1st quarter. Trueblood Wealth Management LLC now owns 9,061 shares of the real estate investment trust’s stock worth $847,000 after buying an additional 109 shares during the period. First Horizon Advisors Inc. raised its position in Welltower by 21.2% during the fourth quarter. First Horizon Advisors Inc. now owns 691 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 121 shares during the period. Graypoint LLC lifted its holdings in Welltower by 4.8% during the first quarter. Graypoint LLC now owns 2,687 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 122 shares in the last quarter. Wedmont Private Capital grew its position in shares of Welltower by 2.4% in the first quarter. Wedmont Private Capital now owns 5,156 shares of the real estate investment trust’s stock valued at $474,000 after purchasing an additional 123 shares during the period. Finally, HBK Sorce Advisory LLC increased its stake in shares of Welltower by 4.5% during the first quarter. HBK Sorce Advisory LLC now owns 2,871 shares of the real estate investment trust’s stock worth $268,000 after purchasing an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Insider Buying and Selling at Welltower

In other news, Director Kenneth J. Bacon sold 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $103.91, for a total value of $187,038.00. Following the completion of the sale, the director now directly owns 14,579 shares of the company’s stock, valued at approximately $1,514,903.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.12% of the stock is currently owned by corporate insiders.

Welltower Stock Performance

Shares of Welltower stock traded up $0.37 on Friday, hitting $112.76. The stock had a trading volume of 2,827,096 shares, compared to its average volume of 2,629,856. The stock has a market cap of $68.69 billion, a price-to-earnings ratio of 139.21, a P/E/G ratio of 2.74 and a beta of 1.18. The company has a current ratio of 4.07, a quick ratio of 3.83 and a debt-to-equity ratio of 0.47. Welltower Inc. has a 52-week low of $78.38 and a 52-week high of $115.33. The company’s 50 day moving average price is $105.32 and its 200 day moving average price is $97.00.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 EPS for the quarter, beating the consensus estimate of $0.34 by $0.08. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.89 billion. Welltower had a net margin of 8.36% and a return on equity of 2.21%. Welltower’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.90 EPS. On average, research analysts anticipate that Welltower Inc. will post 4.16 EPS for the current year.

Welltower Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Investors of record on Monday, August 12th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, August 12th. This is an increase from Welltower’s previous quarterly dividend of $0.61. This represents a $2.68 annualized dividend and a dividend yield of 2.38%. Welltower’s dividend payout ratio (DPR) is currently 301.23%.

Analyst Ratings Changes

Several research firms recently issued reports on WELL. Scotiabank lifted their price objective on Welltower from $96.00 to $108.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 16th. Wells Fargo & Company boosted their price target on shares of Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research note on Saturday. KeyCorp boosted their price objective on Welltower from $95.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 2nd. Finally, Morgan Stanley lifted their target price on shares of Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Welltower has a consensus rating of “Moderate Buy” and a consensus price target of $102.04.

About Welltower

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.