Welltower Inc. (NYSE:WELL) Shares Purchased by Summit Trail Advisors LLC

Summit Trail Advisors LLC increased its holdings in shares of Welltower Inc. (NYSE:WELL) by 24.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,443 shares of the real estate investment trust’s stock after acquiring an additional 679 shares during the period. Summit Trail Advisors LLC’s holdings in Welltower were worth $441,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Burke & Herbert Bank & Trust Co. purchased a new position in Welltower in the 2nd quarter valued at about $674,000. Manning & Napier Advisors LLC purchased a new position in Welltower in the 2nd quarter valued at about $14,766,000. Van Hulzen Asset Management LLC purchased a new position in Welltower in the 2nd quarter valued at about $411,000. Atria Investments Inc lifted its stake in Welltower by 19.4% in the 1st quarter. Atria Investments Inc now owns 27,371 shares of the real estate investment trust’s stock valued at $2,558,000 after buying an additional 4,444 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in Welltower by 10.1% in the 2nd quarter. American Century Companies Inc. now owns 1,404,781 shares of the real estate investment trust’s stock valued at $146,448,000 after buying an additional 129,270 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WELL has been the topic of a number of research reports. Royal Bank of Canada raised their price target on shares of Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. Scotiabank raised their price target on shares of Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a research note on Monday. Evercore ISI raised their price target on shares of Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Finally, Wolfe Research raised shares of Welltower to a “strong-buy” rating in a research note on Friday, August 9th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Welltower has an average rating of “Moderate Buy” and a consensus price target of $117.50.

Welltower Stock Up 2.4 %

WELL stock opened at $138.96 on Wednesday. The firm has a market cap of $86.53 billion, a PE ratio of 91.42, a PEG ratio of 3.09 and a beta of 1.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. The firm’s 50 day moving average price is $131.47 and its 200-day moving average price is $117.65. Welltower Inc. has a one year low of $85.40 and a one year high of $140.19.

Welltower (NYSE:WELL) last released its quarterly earnings results 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 firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 EPS. On average, equities research analysts anticipate that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower’s payout ratio is presently 176.32%.

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.