Welltower Inc. $WELL Shares Purchased by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC lifted its stake in Welltower Inc. (NYSE:WELL) by 27,862.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,237 shares of the real estate investment trust’s stock after acquiring an additional 2,229 shares during the period. Provenance Wealth Advisors LLC’s holdings in Welltower were worth $515,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of WELL. Leonteq Securities AG increased its stake in Welltower by 92.3% during the 1st quarter. Leonteq Securities AG now owns 125 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 60 shares in the last quarter. Kilter Group LLC purchased a new position in shares of Welltower in the second quarter worth $29,000. Solstein Capital LLC acquired a new stake in shares of Welltower during the second quarter worth $34,000. Summit Securities Group LLC lifted its stake in shares of Welltower by 42.6% during the second quarter. Summit Securities Group LLC now owns 164 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 49 shares during the period. Finally, Allied Private Wealth LLC acquired a new stake in shares of Welltower during the second quarter worth $41,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Welltower from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, October 28th. Royal Bank Of Canada raised their target price on Welltower from $238.00 to $260.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. upgraded Welltower from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $230.00 to $260.00 in a research note on Thursday, September 24th. Cantor Fitzgerald lowered their price target on Welltower from $260.00 to $258.00 and set an “overweight” rating for the company in a research report on Thursday, October 29th. Finally, BNP Paribas Exane boosted their price target on Welltower from $238.00 to $272.00 and gave the company an “outperform” rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Welltower currently has an average rating of “Moderate Buy” and a consensus price target of $259.81.

Insider Activity

In other Welltower news, Director Andrew Gundlach bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was bought at an average cost of $242.06 per share, for a total transaction of $1,210,300.00. Following the completion of the transaction, the director directly owned 30,000 shares of the company’s stock, valued at approximately $7,261,800. This trade represents a 20.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Purchased indirectly through two trusts. The transaction was executed in multiple trades at prices ranging from $241.59 to $242.59. The reported $242.06 price is the weighted-average purchase price. 0.37% of the stock is currently owned by company insiders.

Welltower Price Performance

Shares of NYSE:WELL opened at $245.78 on Friday. Welltower Inc. has a twelve month low of $181.47 and a twelve month high of $255.20. The company’s 50 day moving average is $233.72 and its 200 day moving average is $219.33. The company has a current ratio of 3.16, a quick ratio of 3.16 and a debt-to-equity ratio of 0.39. The company has a market cap of $180.30 billion, a PE ratio of 106.40, a price-to-earnings-growth ratio of 1.18 and a beta of 0.79.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Monday, October 26th. The real estate investment trust reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.03. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.64 billion. Welltower had a net margin of 12.08% and a return on equity of 3.61%. Welltower’s revenue for the quarter was up 38.4% compared to the same quarter last year. During the same period last year, the firm posted $1.34 EPS. On average, sell-side analysts forecast that Welltower Inc. will post 6.51 EPS for the current year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Tuesday, November 10th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, November 10th. Welltower’s dividend payout ratio (DPR) is 147.19%.

Welltower Company Profile

Welltower Inc (NYSE: WELL) is a healthcare-focused real estate investment trust that owns, develops, and manages properties used to provide healthcare and related services. Its portfolio is centered on senior housing communities, outpatient medical facilities, and post-acute care properties, including assets operated by healthcare providers and senior living companies.

The company’s senior housing investments support independent living, assisted living, and memory care services. Its outpatient medical properties accommodate physicians, clinics, and other healthcare providers, while its broader healthcare real estate portfolio is designed to serve demand for care delivered outside traditional hospitals.