Welltower Inc. (NYSE:WELL) Shares Acquired by Waverly Advisors LLC

Waverly Advisors LLC increased its position in shares of Welltower Inc. (NYSE:WELL) by 18.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,805 shares of the real estate investment trust’s stock after purchasing an additional 2,162 shares during the quarter. Waverly Advisors LLC’s holdings in Welltower were worth $1,740,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vestmark Advisory Solutions Inc. grew its position in shares of Welltower by 120.3% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust’s stock valued at $1,817,000 after buying an additional 7,872 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Welltower by 30.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 544,838 shares of the real estate investment trust’s stock valued at $68,666,000 after purchasing an additional 128,090 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC raised its position in shares of Welltower by 17.3% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,936,954 shares of the real estate investment trust’s stock worth $244,114,000 after purchasing an additional 285,015 shares during the period. Whipplewood Advisors LLC bought a new stake in shares of Welltower in the 4th quarter worth approximately $367,000. Finally, Groupama Asset Managment boosted its position in Welltower by 23,204.3% during the 4th quarter. Groupama Asset Managment now owns 1,900,000 shares of the real estate investment trust’s stock valued at $2,183,000 after purchasing an additional 1,891,847 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Price Performance

NYSE:WELL opened at $146.90 on Friday. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The business’s 50-day moving average price is $147.54 and its 200 day moving average price is $140.60. Welltower Inc. has a 52-week low of $99.77 and a 52-week high of $158.55. The firm has a market cap of $96.07 billion, a P/E ratio of 94.17, a PEG ratio of 2.87 and a beta of 0.94.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.05. Welltower had a net margin of 11.91% and a return on equity of 3.15%. The company had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the previous year, the company posted $1.01 EPS. The business’s revenue was up 30.3% compared to the same quarter last year. As a group, sell-side analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.82%. Welltower’s dividend payout ratio (DPR) is presently 154.02%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Wedbush restated an “underperform” rating on shares of Welltower in a research report on Thursday, April 17th. Wells Fargo & Company restated an “equal weight” rating on shares of Welltower in a research report on Thursday, April 17th. Royal Bank of Canada upgraded shares of Welltower from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Bank of America increased their price objective on Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, Wall Street Zen downgraded Welltower from a “hold” rating to a “sell” rating in a research note on Thursday, May 8th. Two analysts have rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $161.83.

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.