CreativeOne Wealth LLC Has $1.25 Million Stake in Welltower Inc. (NYSE:WELL)

CreativeOne Wealth LLC boosted its stake in shares of Welltower Inc. (NYSE:WELL) by 6.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,737 shares of the real estate investment trust’s stock after purchasing an additional 563 shares during the quarter. CreativeOne Wealth LLC’s holdings in Welltower were worth $1,247,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Foundation Advisors bought a new position in Welltower during the second quarter worth $26,000. TruNorth Capital Management LLC bought a new position in Welltower during the second quarter worth $27,000. Meeder Asset Management Inc. bought a new position in Welltower during the second quarter worth $30,000. Centerpoint Advisors LLC bought a new position in Welltower during the second quarter worth $31,000. Finally, Fortitude Family Office LLC boosted its position in Welltower by 37.0% during the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 78 shares during the period. 94.80% of the stock is owned by institutional investors.

Welltower Stock Down 0.8 %

Shares of NYSE WELL opened at $138.18 on Friday. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The company has a market cap of $86.04 billion, a price-to-earnings ratio of 90.91, a PEG ratio of 3.12 and a beta of 1.20. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $140.75. The stock has a 50-day moving average price of $132.24 and a two-hundred day moving average price of $118.22.

Welltower (NYSE:WELL) last issued its 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 business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The firm’s 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. As a group, analysts forecast that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower’s payout ratio is 176.32%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wolfe Research raised shares of Welltower to a “strong-buy” rating in a research report on Friday, August 9th. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Wedbush boosted their target price on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Wells Fargo & Company reissued an “equal weight” rating and issued a $135.00 target price (up previously from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Finally, Evercore ISI boosted their target price on shares of Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Five equities research 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 stock. According to MarketBeat.com, Welltower has a consensus rating of “Moderate Buy” and an average price target of $117.50.

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.