Welltower Inc. $WELL Stock Acquired by Kestra Advisory Services LLC

Kestra Advisory Services LLC grew its holdings in shares of Welltower Inc. (NYSE:WELL) by 15.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 35,840 shares of the real estate investment trust’s stock after acquiring an additional 4,801 shares during the quarter. Kestra Advisory Services LLC’s holdings in Welltower were worth $8,252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the stock. Bank of America Corp DE bought a new stake in shares of Welltower in the second quarter valued at $4,425,089,000. Legal & General Group Plc bought a new position in Welltower during the second quarter worth about $1,599,351,000. BlackRock Inc. increased its stake in shares of Welltower by 5.5% in the second quarter. BlackRock Inc. now owns 78,049,214 shares of the real estate investment trust’s stock worth $17,714,830,000 after purchasing an additional 4,045,458 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in Welltower in the 2nd quarter valued at approximately $528,400,000. Finally, Amundi lifted its position in shares of Welltower by 60.3% during the second quarter. Amundi now owns 5,339,664 shares of the real estate investment trust’s stock worth $1,211,944,000 after acquiring an additional 2,008,543 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Trading Up 0.0%

WELL opened at $247.42 on Wednesday. The business has a 50 day simple moving average of $234.24 and a two-hundred day simple moving average of $220.25. The firm has a market capitalization of $181.51 billion, a price-to-earnings ratio of 107.11, a PEG ratio of 1.18 and a beta of 0.79. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.16 and a quick ratio of 3.16. Welltower Inc. has a one year low of $181.47 and a one year high of $255.20.

Welltower (NYSE:WELL) last posted its earnings results on Monday, October 26th. The real estate investment trust reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.03. Welltower had a return on equity of 3.61% and a net margin of 12.08%. The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the previous year, the firm earned $1.34 earnings per share. The business’s revenue was up 38.4% compared to the same quarter last year. Analysts predict that Welltower Inc. will post 6.51 EPS for the current year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Tuesday, November 10th will be issued a $0.85 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $3.40 annualized dividend and a yield of 1.4%. Welltower’s dividend payout ratio is 147.19%.

Analyst Ratings Changes

WELL has been the topic of a number of analyst reports. Raymond James Financial reiterated an “outperform” rating and set a $263.00 price objective on shares of Welltower in a research note on Thursday, October 29th. KeyCorp increased their price objective on Welltower from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Mizuho raised their price target on Welltower from $239.00 to $260.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Cantor Fitzgerald dropped their target price on shares of Welltower from $260.00 to $258.00 and set an “overweight” rating for the company in a research report on Thursday, October 29th. Finally, UBS Group reiterated a “buy” rating and issued a $269.00 target price on shares of Welltower in a research report on Tuesday, October 27th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $262.14.

Insider Buying and Selling at Welltower

In related news, Director Andrew Gundlach bought 5,000 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were purchased at an average price of $242.06 per share, with a total value of $1,210,300.00. Following the purchase, the director 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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. Insiders own 0.37% of the company’s stock.

Welltower Profile

Welltower Inc. is a real estate investment trust focused on properties and services that support health care and aging. Its portfolio includes senior housing communities, outpatient medical facilities and post-acute care properties. The company works with senior housing operators, health care providers and other partners to own, lease and manage properties. Its operations span the United States, Canada and the United Kingdom. Founded in 1970 as Health Care REIT, the company adopted the Welltower name in 2015.