2,982 Welltower Inc. $WELL Shares Purchased by Lido Advisors LLC

Lido Advisors LLC increased its position in shares of Welltower Inc. (NYSE:WELL) by 5.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,557 shares of the real estate investment trust’s stock after buying an additional 2,982 shares during the period. Lido Advisors LLC’s holdings in Welltower were worth $12,331,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in WELL. NewEdge Advisors LLC grew its stake in Welltower by 13.0% during the 2nd quarter. NewEdge Advisors LLC now owns 238,162 shares of the real estate investment trust’s stock valued at $54,056,000 after purchasing an additional 27,345 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Welltower by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,345,022 shares of the real estate investment trust’s stock worth $1,649,844,000 after purchasing an additional 57,938 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Welltower by 9.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 916,367 shares of the real estate investment trust’s stock worth $207,986,000 after purchasing an additional 79,088 shares during the last quarter. Swiss National Bank increased its holdings in Welltower by 9.9% during the 1st quarter. Swiss National Bank now owns 2,014,200 shares of the real estate investment trust’s stock worth $398,227,000 after purchasing an additional 181,400 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Welltower by 4.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 295,818 shares of the real estate investment trust’s stock valued at $68,109,000 after purchasing an additional 12,520 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Key Stories Impacting Welltower

These are some of the WELL stories that stood out recently:

• Positive Sentiment: UBS raised its price target to $289 from $269 and maintained a Buy rating, implying about 16.9% upside from the cited share price. UBS price target article
• Positive Sentiment: JPMorgan lifted its target to $273 from $260 and assigned an Overweight rating, indicating continued confidence in Welltower’s prospects. JPMorgan price target article
• Neutral Sentiment: A dividend analysis was published, but the provided headline does not give details or indicate a change to Welltower’s dividend outlook. Welltower dividend analysis

Insider Buying and Selling at Welltower

In other news, Director Andrew Gundlach purchased 5,000 shares of the stock in a transaction dated Wednesday, August 26th. The stock was acquired at an average cost of $242.06 per share, for a total transaction of $1,210,300.00. Following the acquisition, the director owned 30,000 shares of the company’s stock, valued at $7,261,800. The trade was a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 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. Company insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

WELL has been the subject of several research analyst reports. Royal Bank Of Canada increased their target price on Welltower from $260.00 to $266.00 and gave the company an “outperform” rating in a research note on Tuesday. BMO Capital Markets raised their price target on shares of Welltower from $245.00 to $265.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. lifted their price target on shares of Welltower from $260.00 to $273.00 and gave the stock an “overweight” rating in a research note on Tuesday. Citigroup upped their price target on shares of Welltower from $255.00 to $275.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, KeyCorp increased their price objective on shares of Welltower from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $263.10.

Welltower Stock Down 0.2%

NYSE:WELL opened at $247.12 on Thursday. The company has a market capitalization of $181.29 billion, a price-to-earnings ratio of 106.98, a price-to-earnings-growth ratio of 1.18 and a beta of 0.79. Welltower Inc. has a one year low of $181.47 and a one year high of $255.20. The stock has a 50-day simple moving average of $234.37 and a 200 day simple moving average of $220.56. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.16 and a current ratio of 3.16.

Welltower (NYSE:WELL) last announced its quarterly earnings data 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 quarter in the prior year, the firm posted $1.34 earnings per share. Welltower’s revenue for the quarter was up 38.4% compared to the same quarter last year. Sell-side analysts predict that Welltower Inc. will post 6.50 EPS for the current fiscal year.

Welltower Announces Dividend

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

Welltower Company 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.