Vert Asset Management LLC Buys 818 Shares of Welltower Inc. (NYSE:WELL)

Vert Asset Management LLC raised its stake in Welltower Inc. (NYSE:WELL) by 0.5% in the third quarter, HoldingsChannel.com reports. The fund owned 180,451 shares of the real estate investment trust’s stock after purchasing an additional 818 shares during the quarter. Welltower comprises approximately 8.0% of Vert Asset Management LLC’s portfolio, making the stock its biggest position. Vert Asset Management LLC’s holdings in Welltower were worth $23,103,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Valeo Financial Advisors LLC lifted its stake in shares of Welltower by 2.6% during the third quarter. Valeo Financial Advisors LLC now owns 3,668 shares of the real estate investment trust’s stock valued at $470,000 after buying an additional 94 shares during the period. RDA Financial Network lifted its stake in shares of Welltower by 0.6% during the 2nd quarter. RDA Financial Network now owns 16,161 shares of the real estate investment trust’s stock worth $1,685,000 after purchasing an additional 104 shares during the period. Simplicity Wealth LLC boosted its holdings in shares of Welltower by 0.9% during the second quarter. Simplicity Wealth LLC now owns 12,155 shares of the real estate investment trust’s stock worth $1,267,000 after purchasing an additional 113 shares during the last quarter. Graypoint LLC grew its position in shares of Welltower by 4.8% in 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 during the period. Finally, Lake Street Advisors Group LLC increased its stake in Welltower by 3.1% in the second quarter. Lake Street Advisors Group LLC now owns 4,057 shares of the real estate investment trust’s stock valued at $423,000 after purchasing an additional 122 shares during the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on WELL shares. Deutsche Bank Aktiengesellschaft raised their price target on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Scotiabank raised their target price on shares of Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a research report on Monday, September 23rd. Wolfe Research upgraded shares of Welltower to a “strong-buy” rating in a report on Friday, August 9th. Wedbush upped their price target on shares of Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Finally, Morgan Stanley lifted their price target on shares of Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a report on Thursday, July 11th. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $115.38.

Welltower Stock Performance

NYSE:WELL opened at $132.24 on Friday. Welltower Inc. has a twelve month low of $80.80 and a twelve month high of $132.27. The firm has a market capitalization of $79.07 billion, a price-to-earnings ratio of 163.26, a PEG ratio of 2.87 and a beta of 1.21. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.47. The firm’s fifty day simple moving average is $124.22 and its 200 day simple moving average is $109.44.

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 during the quarter, compared to the consensus estimate of $1.89 billion. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.90 earnings per share. As a group, equities research analysts expect that Welltower Inc. will post 4.19 earnings per share for the current fiscal year.

Welltower Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th were paid a dividend of $0.67 per share. The ex-dividend date was Monday, August 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.03%. This is a positive change from Welltower’s previous quarterly dividend of $0.61. Welltower’s dividend payout ratio (DPR) is currently 330.86%.

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.