Welltower Inc. (NYSE:WELL) Shares Sold by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC reduced its stake in Welltower Inc. (NYSE:WELL) by 1.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,311 shares of the real estate investment trust’s stock after selling 376 shares during the period. KMG Fiduciary Partners LLC’s holdings in Welltower were worth $4,649,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Valeo Financial Advisors LLC raised its position in Welltower by 2.6% in the third quarter. Valeo Financial Advisors LLC now owns 3,668 shares of the real estate investment trust’s stock worth $470,000 after acquiring an additional 94 shares in the last quarter. RDA Financial Network increased its position in shares of Welltower by 0.6% in the second quarter. RDA Financial Network now owns 16,161 shares of the real estate investment trust’s stock valued at $1,685,000 after buying an additional 104 shares in the last quarter. Simplicity Wealth LLC increased its position in shares of Welltower by 0.9% in the second quarter. Simplicity Wealth LLC now owns 12,155 shares of the real estate investment trust’s stock valued at $1,267,000 after buying an additional 113 shares in the last quarter. Graypoint LLC boosted its stake in shares of 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 acquiring an additional 122 shares during the last quarter. Finally, Lake Street Advisors Group LLC boosted its stake in shares of Welltower by 3.1% during 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 acquiring an additional 122 shares during the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. KeyCorp lifted their price objective on Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, July 2nd. StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. Royal Bank of Canada upped their target price on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th. Morgan Stanley upped their price target on Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Finally, Wolfe Research raised Welltower to a “strong-buy” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $115.38.

Welltower Stock Up 1.1 %

Shares of WELL opened at $132.24 on Friday. The stock 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. Welltower Inc. has a 52 week low of $80.80 and a 52 week high of $132.27. The stock has a fifty day moving average of $124.22 and a 200-day moving average of $109.44. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.07 and a current ratio of 4.07.

Welltower (NYSE:WELL) last issued its 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. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period last year, the business posted $0.90 EPS. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Welltower Inc. will post 4.19 earnings per share for the current fiscal year.

Welltower Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Monday, August 12th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend was Monday, August 12th. This is a boost from Welltower’s previous quarterly dividend of $0.61. Welltower’s dividend payout ratio is currently 330.86%.

Welltower 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.