BSW Wealth Partners Acquires 426 Shares of Welltower Inc. (NYSE:WELL)

BSW Wealth Partners raised its stake in shares of Welltower Inc. (NYSE:WELL) by 21.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,433 shares of the real estate investment trust’s stock after purchasing an additional 426 shares during the quarter. BSW Wealth Partners’ holdings in Welltower were worth $311,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norden Group LLC bought a new position in shares of Welltower in the 1st quarter worth approximately $383,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Welltower by 27.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 150,140 shares of the real estate investment trust’s stock worth $14,029,000 after purchasing an additional 32,370 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Welltower by 5.9% during the first quarter. Janney Montgomery Scott LLC now owns 54,666 shares of the real estate investment trust’s stock valued at $5,108,000 after purchasing an additional 3,035 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Welltower during the first quarter valued at approximately $144,000. Finally, Graypoint LLC boosted its position in shares of Welltower by 4.8% in the 1st quarter. Graypoint LLC now owns 2,687 shares of the real estate investment trust’s stock worth $251,000 after purchasing an additional 122 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Trading Down 1.2 %

Shares of WELL stock opened at $133.27 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.07. The company has a market cap of $82.99 billion, a price-to-earnings ratio of 87.68, a PEG ratio of 2.94 and a beta of 1.20. Welltower Inc. has a 1 year low of $84.38 and a 1 year high of $139.80. The firm has a fifty day moving average price of $127.41 and a 200-day moving average price of $112.69.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.31). The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period last year, the business earned $0.92 EPS. As a group, equities analysts predict that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.67 per share. The ex-dividend date is Wednesday, November 13th. This represents a $2.68 annualized dividend and a dividend yield of 2.01%. Welltower’s payout ratio is 176.32%.

Wall Street Analyst Weigh In

WELL has been the subject of a number of analyst reports. Wolfe Research raised Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Evercore ISI lifted their price target on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Wedbush increased their price target on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Finally, StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Welltower presently has an average rating of “Moderate Buy” and an average price target of $115.38.

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.